ENCINO, CA-The good news midway through 2011 is that the economy has regained its footing in many ways and the recovery thus far has been fairly broad-based. That was part of the assessment offered by Hessam Nadji, managing director of research and advisory services at Marcus & Millichap Real Estate Investment Services, during a special mid-year retail market outlook webcast titled “Soft Patch or Recession.” The webcast title was based upon Nadji’s analysis that, although he does not expect a double-dip recession, the US is “in a soft patch” economically.

The event, presented by locally-based Marcus & Millichap, attracted roughly 2,000 investors nationwide and was presented by Bill Rose, national director of the national retail group; Nadji; and William Hughes, managing director of Marcus & Millichap Capital Corp.

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