From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM - The Motley Fool reports that there are strong signs that the CRE market may have finally hit bottom. Deal volume is increasing as investors, and pools of investor funds, are looking to put idle cash to work in something that yield better than investing in treasuries. Even though banks are still holding significant amounts of CRE on their books, and much more is still hanging out there in non-performing loans, Fool sources indicate that equilibrium may have been achieved.
“Dare I say it … could the commercial real estate (CRE) market be turning or at least stabilizing? I think it’s fair to say that the punditry has been incredibly negative about the state of CRE over the past year, but commercial real estate service providers Jones Lang Lasalle’s (NYSE: JLL) and CB Richard Ellis’s (NYSE: CB) recent quarterly reports, in which both companies reported double-digit revenue growth, have finally given me some reasons to be hopeful.”
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