24.06.2009 - U.S. called new emerging market for real estate
From Reuters: Brazil, Russia, India and China move over. There's another emerging market for commercial real estate opportunities. "Now that the meltdown has happened, the new emerging market is the United States," Tom Shapiro, president of real estate investment firm GoldenTree InSite Partners, said. The U.S. commercial real estate crash, in which prices are down more than 20 percent and are expected to fall 40 percent to 50 percent, has created a landscape of what is expected to be a land of vast opportunity for those with cash.......Full Article: Source
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