December 11, 2008
...The Casden Real Estate Economics Forecast, which is part of USC's Lusk Center for Real Estate, puts out an annual forecast for office and industrial real estate throughout Southern California.
"It's the first time that I've seen weak demand in every single submarket in this whole L.A. area," Conway said, adding that we haven't seen the full impact yet of the takeover of institutions like Washington Mutual and Bears Sterns. Those takeovers will result in even more office consolidation...