Grant Thorton: No CRE recovery until 2011

08/10/2010 | New York Observer, The

Grant Thorton is predicting that the commercial real estate market won't recover until 2011 "at the earliest." It says fundamentals are still weak and that investors are likely to remain cautious of the asset class for some time. "The memories and the scars will last awhile," says Paul Melville, principal author.

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