Harvey Green: For CRE, 2010 will be a lot like 2009

11/24/2009 | CNBC

Saying he didn't want to dampen anybody's enthusiasm, Harvey Green, president and CEO of Marcus & Millichap, said that for the commercial real estate business, 2010 is going to be pretty similar to 2009. "We're still seeing a deterioration of rents," he said. Green said commercial real estate can't have an energetic recovery "until we get through the debt crisis." He said that on the subject of commercial property debt, the borrowers, lenders, servicers and government still aren't really talking to each other.

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