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Strategies & Market Trends : Commercial Real Estate tic.............tic,,, -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (130)	12/14/2008 12:49:01 AM
From: Stoctrash	Read Replies (1) \| Respond to of 442

More of the same...nothing new. Commercial RE will be the implosion story of 2009. ================================ From: Les H 12/13/2008 10:54:52 PM 1 Recommendation of 171167 Between Dismal Economic Indicators and Forecasts, Retail Facing Bleak Picture in 2009 Holiday Retail Sales Trends and Shopping Center Executive Expectations Both Pointing in Same Direction -- Down costar.com ============================================== Between Dismal Economic Indicators and Forecasts, Retail Facing Bleak Picture in 2009 Holiday Retail Sales Trends and Shopping Center Executive Expectations Both Pointing in Same Direction -- Down Harold Bordwin, managing director and co-group head of real estate services at KPMG Corporate Finance/Keen Consulting, stated in a conference call today that the well-documented drop in home equity levels, combined with rising job losses and a decline in credit card issuance has dried up consumers' liquidity and lowered their confidence in the economy. From there, he said, starts the real trickle down effect to retail real estate: "If the consumer isn't buying, the retailer isn't selling. Then the retailer is contracting (including cutting back on new stores, closing stores, or going bankrupt) and perhaps even defaulting, decreasing cash flow to the landlords, which translates into landlord default in some cases, amongt both public REITs and private owners," said Bordwin. The opinions of shopping center executives are in line with Bordwin's comments. In the its most recent Shopping Center Executive (SCE) Opinion Survey, the International Council of Shopping Centers (ICSC) revealed weakening business conditions for the 16th month in a row.