State Of The Real Estate Market

Law360, New York (November 16, 2011, 12:48 PM EST) -- We are writing this article as we finish up our law firm's annual retreat, sitting with our 30 real estate partners from around the country, trying to plan for the coming fiscal year. In seeking to identify trends, we find conflicting signals. The general consensus is that there is no consensus. Our clients are anxious; and the markets are volatile. Everyone is looking to do a deal, make a loan, start a project, buy distressed assets; but there is reluctance to pull the trigger — the price is too high, the cap rate too low, the vacancy too high, the leasing too soft, the market fundamentals too weak, and the distressed assets are not distressed enough to earn the hoped for returns....

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