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EXECUTIVE WATCH GlobeSt.com:
BY ANTHONY J. LOPINTO
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| EXECUTIVE WATCH
is a weekly column featured on GlobeSt.com, the leading online real estate
news site. Tony LoPinto, the CEO of Equinox Partners has been the
author of this widely read column.
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Limbo
By Anthony J. LoPinto
January 15, 2008
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The merriment of the holiday season and the New Year has yielded to the harsh reality that 2008 is going to be, at best, a very challenging year. Since the first of the year, I have talked to a wide range of real estate executives and, notwithstanding considerable and growing liquidity in the market (a unique aspect of this cycle), the consensus is that there is a rocky road ahead. Most of those with whom I spoke are sitting on the sidelines and taking a wait-and-see attitude on the economy, deal pricing and how the first quarter will play out. For at least the next few months, it looks like we are going to be in Limbo, with a low level of transactional flow and recruiting activity limited to must-hires, replacements and staffing for key strategic initiatives. The good news is that, in this environment, there is the potential for the situation to turn on a dime.
© 2008 - GlobeSt.com, all rights reserved.
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