Despite the negatives that are still out there, RealShare Real Estate 2012 panelist Michael Cohen, global strategist of Property & Portfolio Research, said that it has been a solid year against a modest year for job growth, and he predicts great opportunity in 2012. “The US is looking pretty good right now relative to particularly Europe,” he said.
Cohen joined 900 attendees, panelists and moderator Scott Farb, managing principal of the Reznick Group, who kicked off the “Deal Street Economics panel” here at the Westin Bonaventure in Downtown L.A. on Thursday. The RealShare event is produced by ALM's Real Estate Media Group.
When asked about the performance of core versus secondary property, Cohen said that “it’s not all about core…It has been about core with regard to office and maybe the highest quality warehouse, but with apartment, it is anything people can land their hands on.”
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