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Video: There is 'Far More Capital Than Product'

LOS ANGELES-Kevin Shannon, a CBRE vice chairman, speaks with GlobeSt.com's Bob Howard about the investment climate, at Real Estate 2010.

By Natalie Dolce | Updated on April 13, 2010

LOS ANGELES-”The velocity of transactions is similar to 2003 and 2004,” says Kevin Shannon, a CBRE vice chairman, who spoke with GlobeSt.com’s Bob Howard about the investment climate, at Real Estate 2010. “There is a lack of product on the market.”

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…”

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