this comment prevents auto wrapping of urls
Kevin Shannon, a CBRE vice chairman, speaks with GlobeSt.com's Bob Howard about the investment climate, at Real Estate 2010. Watch the full video on GlobeSt.TV.
According to Shannon, the market did turn in 3Q '09, and the formation of capital in the fourth quarter of 2009 and the first quarter of 2010 has been impressive. "There is far more capital than product, and I think that will lead into asset appreciation and fierce bidding wars..."
The fundamentals are still challenged in most markets, he said, but noted that there is too much capital out there for a double dip. "I envision a slow unraveling with some of the special servicer assets and some of the bank assets. It's not going to be a tsunami, it's going to be more of a paced disposition program," he said.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
