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No New Development

No New Development
DePaul's Susanne Cannon
It's mixed reviews for what to expect in 2011, reports DePaul University's Susanne Cannon. At yesterday's AIRE luncheon, she predicted slow and steady job growth, an increased appetite for lending, and some increases in banks and lenders finding ways to work through delinquency. She hopes commercial real estate will hit bottom, and fresh equity will start to come off the sidelines, but she doesn't think we'll see new development for another year or two.
DSI's Jacob Karamol, Gabriel Environmental Services' Cathy Small and Circle Realty Advisor's Alyssa Helgesen
We snapped DSI's Jacob Karamol, Gabriel Environmental Services'Cathy Small, and Circle Realty Advisor's Alyssa Helgesen. Jacob is working on a 25k SF office buildout for Avnet in Hoffman Estates. Cathy was celebrating her first day on the job at the environmentaldue diligence firm.
Krusinski's Jeff Krusinski, Venture One's Matt Goode, Jacob & Hefner Associates' William Bohne and Cushman & Wakefield's Sean Henrick
Krusinski's Jeff Krusinski, Venture One's Matt Goode, Jacob & Hefner Associates' William Bohne, and Cushman & Wakefield'sSean Henrick were ready to hear more about the future. Matt just bought a 79k SF building in Libertyville for his company's first fund. William is working on designing a building for the Carol Stream Park District and doing a survey for Venture One.