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Inertia of Buyers and Sellers to End in 2009, Predicts Grubb & Ellis

Published Thursday, November 13, 2008

An end is in sight for the depressed investment sales market, a healthy sign in an otherwise increasingly unhealthy commercial real estate industry, according to brokerage firm Grubb & Ellis. As more commercial real estate loans expire in 2009 and property fundamentals deteriorate, the volume of asset sales is expected to accelerate, particularly during the second half of the year. The expected upturn in property sales will lead to greater clarity on pricing, forecasts Grubb & Ellis. Speaking at a media briefing in New York on Tuesday, Glen Esnard, president of the brokerage’s capital markets division, emphasized that ...

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