Lending For Feds, Eds, and Meds
That's Federal government, Education, and Medical office, says JLL's Jim Postweiler, who spoke yesterday spoke on CoreNet's "Credit Where Credit is Due" panel at Maggiano's. Moody's reported three straight months of increase in real estate prices, indicating we've hit rock bottom at a 40% property values, David says. And the bid/ask spread is getting smaller, so maybe all of that money sitting on the sidelines will be able to find an investment soon!
We snapped Epstein's John Patelski, Ware Malcomb's Cameron Trefry, and Woolpert's Tim Reber before lunch. Tim will challenge anyone who says no one's investing in retail, since his company is working on engineering at Walgreens and fast-food restaurants in the city as well as the redevelopment of the 100-acre Randhurst Mall in Mount Prospect from an enclosed center into a lifestyle center.