|The stock market keeps violently rockin and rollin' (we're not talkin' Sweet Emotion; more like Helter Skelter). And it won't stop as long as uncertainty looms, says Goldman Sachs Commercial Mortgage Capital CEO Roddy O?Neal.
|Until there's some stability in the economy, jobs, and government, we're going to rock along without new development, he tells us. While he doesn't have a crystal ball, Roddy (second from left at theBisnow Breakfast & Schmooze in Houston last year) says the credit markets overall are taking a very conservative look at deals, and spreads will be wider going forward than they have been in the last four to six months.
|Roddy will be among an illustrious panel tomorrow at the BisnowDallas Capital Markets event at the City Center Marriott. He's joined by Grubb & Ellis EVP Scot Farber, Prudential Mortgage Capital Co managing director Paul Geyer, and more. Save your place andregister now. Roddy says topics to be addressed include underwriting criteria, what kind of leverage panelists are getting, and their risk levels. We're also wondering about their handicaps and favorite courses.