Why Warren Jestin Is Bullish on US Recovery

Warren Jestin's feeling hopeful about a continuing US economic resurgence. Scotiabank’s chief economist told the Commercial Real Estate Lenders Association that deficit reduction in the public sector, coupled with a housing recovery, rising consumer spending and strong job growth, will propel the American economy to 3% GDP growth expected this year. Warren spoke at a CRELA lunch event hosted by JLL’s Amar Nijjar and Chad Gemmell (seen to the speaker's right) at the firm’s Commerce Court office, with over 60 lenders in attendance.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Penta And Staycity Team Up For £230M Farringdon Aparthotel

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Starwood Launches Residential Land JV Targeting $1B In Annual Originations

New Opportunity Zones May Help Finish California Projects, Not Start Them

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan