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Strategies & Market Trends : Real Estate home/investment

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To: David Jones who wrote (5)	9/22/1998 12:24:00 PM
From: David Jones	Read Replies (1) of 73

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 22, 1998--Highlights of this week's edition (Sept. 18-24) of the San Francisco Business Times include: Sellers of Bay Area commercial real estate are flooding the market with property. A total of 6 million to 7 million square feet of office, industrial and research and development space - worth between $1 billion to $2 billion - stretching from Solano County to Silicon Valley has hit the market in recent weeks. The stock market sell-off in recent weeks has hurt the stocks and bonds used to finance real estate purchases by real estate investment trusts and other would-be buyers, putting them on the sidelines. Many sellers are now focusing on the ability of a buyer to close a deal rather than who makes the highest offer. The complete story can be found at amcity.com

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