NEW YORK CITY— We are long in the CRE cycle, maybe not late in the cycle—in an aberration of a very extended cycle, according to Bill Thompson, managing director and co-head at Greenhill & Co.
Cycle Expectations
“All things we're used to seeing as stop signs: oversupply, overleverage and recession. None of these stop lights are flashing right now, other than geopolitical risk,” Thompson said, “So, it does feel like it has a little time left but it is an awfully long cycle.”
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
