News
ON TO THE NEXT ONE
October 23, 2012
 |
| One of San Diego's power couples of real estate (also on that list: the Grande buildings at Santa Fe Place), Trigild COO Judy Hoffman and hubby/CEO Bill Hoffman, wrapped up the 12th annual Trigild Lender Conference on Friday. Close to 400 people attended the event, themed Lighting the Future. ?The panels were sensational,? Judy told us yesterday, and the firm's already getting ready for its spring conference: a smaller ?do in Dallas, chosen for its centralized location and because it's home to lots of special servicer offices. |
 |
| While giving a global perspective, The Economist business editor Robert Guest pondered how cars virtually driving themselves in the future might affect real estate (by allowing folks to go back to living farther out, for example). Although ?bullish about America,? he noted the US is facing a double-whammy: an increase in taxes and cuts in spending, which could put the economy into another recession. He said the US ?business cycle is frozen? largely due to the fiscal cliff(something we hope driverless cars would know to stay away from). |
 |
| Chandan Economics president Sam Chandan noted American companies are sitting on piles of cash, and ?corporate profits are not being reinvested or reflected in the job market.? Two years ago, lack of credit hindered the economy and growth; today, it's uncertainty. He talked about values rising faster than the economy is improving, as well as a CRE recovery that's marked by bifurcation. ?Too many investors are focusing on core assets in gateway markets.? |
