Real Estate Deals Shift To Secondary Markets

Law360, New York (May 21, 2013, 7:58 PM EDT) -- Commercial real estate investors are getting fed up with low returns on their safe bets in markets like New York, Washington and San Francisco and are turning to value-add opportunities in secondary and tertiary markets, creating more deals for attorneys nationwide.

After the downturn began, many investors and developers made a “flight to safety,” moving their money to low-leveraged properties in the prime real estate markets.

But as the economy has improved and more capital has been freed up to chase those safe-bet properties, competition for...
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