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Article: A few lessons from Athens; Olympics brings new roads, shopping malls to capital of Greece.(Focus: Commercial Real Estate)(interview with Yannis Perrotis from CB Richard Ellis Atria)(Interview)
- Article from:
- Crain's Chicago Business
- Article date:
- June 16, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SARAH A. KLEIN
Yannis Perrotis, managing director of CB Richard Ellis Atria, a commercial real estate advisory firm in Athens, Greece, saw firsthand how the 2004 Olympics affected the real estate market there. Even though the Greek capital differs significantly from Chicago-it's one of the oldest cities in the world and is more vertical than horizontal-there are parallels that make the Athens experience worth noting. Mr. Perrotis, 42, explains the difference a deadline makes.
Crain's: What effect did the Olympics have on the real estate market in Athens?
Mr. Perrotis: One of the most important things it did was bring a focus to ...