THIS MORNING IN DALLAS
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A whopping 500 turned out this morning for our Bisnow State of the Market conference in Dallas, where Granite Properties chief Michael Dardick said CRE?s ?on the mend.? He said if ?08 was the hurricane where you wanted to duck and cover, and '09 was an eerie calm where you saw carnage but were still in paralysis about whether the storm would come back, then 2010 is about feeling the worst is over and you can start repairing the problems and building a future. Behringer Harvard president Bob Aisner, calling himself a ?pessimistic optimist,? pointed out that with 8.5 million jobs lost since the peak and only 1.5 million added per year, things will remain tough a while and predicted significant improvement only in ?11-?12, though he noted, ?We won't drift back.? |
