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Article: Panel Finds Real Estate Will Weather Slowdown. (Real Estate).(San Diego )(Brief Article)
- Article from:
- San Diego Business Journal
- Article date:
- November 12, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. 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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The consensus among local commercial real estate experts is that San Diego is much better off in 2001 than it was during the recession of the early 1990s.
The panel of experts spoke at the recent Commercial Real Estate Trends 2002 Conference coordinated by the Real Estate Institute at the University of San Diego.
Matt Reno, president of San Diego-based Reno Contracting Inc., said the 1980s saw unrestrained building, which lead to high office vacancy rates during the early 90s.
The economy began to take off again in San Diego in 1994 and 1995, but the market was markedly different, Reno said. Banks were not as quick to provide financing for new ...