Bill Rudin, Steven Roth discuss CRE on CNBC

10/5/2009 | CNBC

Bill Rudin, president of Rudin Management, and Steven Roth, chairman of Vornado Realty Trust, appeared on CNBC to discuss the outlook for commercial real estate. After owners instituted a "dramatic decrease in pricing" of 30% to 40%, it looks like commercial leasing is starting to look up, Rudin said. Still, "there's no doubt this is a slow-motion recovery," Roth said, predicting it will be two years or more before the industry sees prices bottom out.

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