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Video: 'There Is Capital on Sidelines'

LOS ANGELES-Hines executive Colin Shepherd speaks with GlobeSt.com's Alyson Grala about the office market during Real Estate 2010.

By Natalie Dolce | Updated on April 19, 2010

LOS ANGELES-”It really wasn’t jobs first that created this crisis. Capital created the crisis that we are in,” said Colin Shepherd, senior vice president at Hines, who spoke about the office market at the recent Real Estate 2010 conference.

A lot of buildings that had a significantly greater debt, Shepherd said, were not in a position where they could not replace debt when it came due.

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