Despite Problems,
Commercial Market
Draws Investors
(April 24) -- The U.S. economy continues to attract commercial
property investors, even as fundamentals in most main property
sectors--especially office buildings--continue to soften.
"Even if the economy continues to falter, real estate remains the safest
place to be," says Susan Hudson-Wilson, CEO of Boston-based Property and
Portfolio Research. Real estate carries several economic positives,
including sustained retail sales, some commercial construction declines, and
low interest rates, she stated during a recent Urban Land Institute
conference. Also, the sector has consistently outperformed other
investments, she noted.
Preliminary estimates by Prudential Real Estate Investors for commercial
mortgage-backed securities issued so far this year suggest 2003 totals have
a good chance of surpassing the record high $97.1 million issued worldwide
in 2001. "The real estate debt markets showed few signs of slowing in the
first quarter," according to Prudential's quarterly report. "Historically
low interest rates and the relative attractiveness of real estate versus
other asset classes continues to drive healthy demand from borrowers,
lenders, and investors."
Source: CBSMarketWatch.com (04/22/03);
Kerch, Steve
Find out what commercial real estate
professionals in these companies have been up to!
Chirico Huber Properties
Colliers Pinkard
Commercial One Group
First Colony Corporation
First LandMark
USA, Inc.
Grubb & Ellis|Bissell Patrick
McGuire Properties, Inc/TCN
SouthEast
Commercial Real Estate
Trammell Crow Company
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Hearst Tower
Bank of America Corporate Center
Carillon
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Ivey's
Walk Bys
IJL Financial Center
Interstate Tower
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230 South Tryon
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