Jay Maddox Jay Maddox is a principal at Avison Young.

LOS ANGELES—It has been an interesting year to say the least for the debt and equity markets. Although the markets have recovered somewhat since then, we are in a much more challenging market today than last year, according to Jay Maddox, a principal at Avison Young. With a quarter left in the year, we sat down with Maddox for an exclusive interview to take a look inside the debt and equity markets, see how things have changed and where they are heading—and we ask the question that has the most well-informed experts debating: are we in for another recession? Here, Maddox answers all of our questions.

GlobeSt.com: Compared to six to 12 months ago, are there more challenges for investors and developers to secure debt today?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.