April 1, 2003
"A slow-growing economy, global uncertainty, a weak job market and corporate cost cutting all point to a year of little or no growth in traditional real estate markets. Developers and investors will have to cast a wider net and be creative in planning and developing projects." — Stan Ross, chairman of the board of the USC Lusk Center for Real Estate in Los Angeles. Among his suggestions: joint ventures with government agencies and building new schools, hospitals, senior housing and facilities for immigrant-owned businesses.