Real Estate Southern California

"The pain is out there for everyone in the short run, but we have seen the last of new office building starts for a long, long time," says Jack Hileman, principal of the Hileman Co. "The inventory and competition is fixed."

Leventakis

The rest of 2009 will be rough, Hileman expects, but the market should stabilize by the third to fourth quarter and starting next year, "we should be seeing the return to net new absorption. "The best, newest buildings with solid sponsorship should be well positioned to capture the major relocations," he says. "With zero new product entering the pipeline for the foreseeable future, those with patience and wherewithal will do just fine."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.