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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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EXECUTIVE WATCH PERSPECTIVE
By Anthony J. LoPinto
August 28, 2007
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The lazy, hazy crazy days of summer are drawing to an end and, given
the credit-market turmoil, many are glad to move on in hopes of brighter
days. Of course, the aftershocks continue, and a Wall Street Journal
survey last week hinted that they may usher in a recession. Over the
past couple of years, I#&39;ve heard real estate players, those with
their hands on the levers, tout their beliefs that this market is
different, and that fundamentals have changed. Well, they were wrong.
I#&39;ve been in the real estate business since 1972 and have experienced
multiple cycles, including the wholesale collapse of the early '90s.
The humbling perspective gained during down times should teach us something,
namely, that what goes up will come down. The recent wake-up call suggests
that owners, investors and developers should take stock of their bench
strength and make sure that talent is in place that has this perspective.
In months ahead, it#&39;s going to come in handy.
© 2007 - GlobeSt.com, all rights reserved.
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