Monday, October 22, 2012

CRE Recovery: Lumpy and Living With It via GlobeSt.com

The first year Saul Ewing held its Mid-Atlantic Real Estate Conference the mood, understandably, was grim. The year: 2009. The month: September. This year’s event, held last week, cleared that very low bar and then some, reports Howard Majev, the co-chair of the firm’s real estate practice and the planner of the conference. “People were much more optimistic and confident about the real estate market,” he tells GlobeSt.com. “The general impression received is that although the commercial real estate markets aren't totally healthy, they've gained a lot of traction.”

Working the room in between sessions, Majev gathered that multifamily was leading the recovery (not that he didn’t know that already), that financing had become more available (ditto) and, in fact, that capital is chasing deals, especially those by larger institutional capital (ibid). The speakers provided similar insights, albeit with far more nuance.

Read more...GlobeSt.com - CRE Recovery: Lumpy and Living With It - Daily News Article

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