January 22, 2009
...The commercial real estate market won't grow for two years, according to a USC Lusk Center for Real Estate forecast. "A lack of liquidity remains the major obstacle to a recovery in the commercial real estate markets at least until the end of this year," Lusk Center Chairman Stan Ross reported.
Lusk Director Richard Green said developers in a strong financial position may want to buy building materials such as wood, steel and concrete now to take advantage of falling prices.
The slow market also provides an opportunity for well-capitalized opportunity funds to buy distressed assets or debt at a deep discount, Green and Ross said...