Gassed: Are Energy-Rich Markets Losing Their Luster? via Multifamily Executive Magazine

When oil prices began falling earlier this year, Ryan ­Epstein's phone wouldn't stop ringing.

Epstein, executive vice president at Los Angeles–based real estate services firm CBRE, was answering calls for two different groups of apartment owners: those looking to buy distressed properties and those who were worried about their portfolios.

"Everyone was very concerned because it was happening so fast," he says. "They wanted to know what would be the fallout from it and were there going to be mass layoffs—how was it all going to work?"

Read more...Gassed: Are Energy-Rich Markets Losing Their Luster? | Multifamily Executive Magazine