Quote of the week: The Mexican Standoff
Globe Street reported this quote from Jack Crews of Jones Lang LaSalle regarding the Dallas / Ft. Worth Commercial Real Estate Markets
”We have kind of a Mexican standoff. Sellers aren’t over the shock of the market and are still asking too much, while buyers, who are greedy for rock-bottom prices, simply aren’t willing to step up and pay. (and) Without debt, there are no transactions to step forward.”
As long as this remains true … it will be hard to envision deal volumes picking up in the near future.
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September 18th, 2009 at 1:35 pm
[...] http://the-commercial-investor.com/quote-of-the-week-the-mexican-standoff/Globe Street reported this quote from Jack Crews of Jones Lang LaSalle regarding the Dallas / Ft. Worth Commercial Real Estate Markets. ”We have kind of a Mexican standoff. Sellers aren’t over the shock of the market and are still … [...]