Sources Say Negativity in Market Is Driven by Risk Concern

CHICAGO-Economic and financial experts who addressed the recent Counselors of Real Estate midyear conference here said it’s no surprise the current economic recovery doesn’t feel like a true recovery. “We’re coming back from a much deeper hole,” Lynn Thurber, non-executive chairman of LaSalle Investment Management, told the organization’s members. 

According to Thurber, “You can’t compare it to a ‘typical’ recession, such as those we endured in the past four decades. It’s a slower recovery than we’ve ever seen,” Thurber told Kenneth P. Riggs Jr., president and chairman of Real Estate Research Corp., and 2012 chair of the Counselors Organization. Riggs conducted an onstage conversation with Thurber as part of the deep examination of economic and commercial real estate issues that took place during the conference.