search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsMajor developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsMicrosoft shedding office leases to save $1.5B a year in rentsMicrosoft shedding office leases to save $1.5B a year in rents
South Florida

Jitters create “minefield effect”

Sign Up for the undefined Newsletter

Peter Linneman, chief economist at commercial real estate firm NAI Global, says current market anxiety and paralysis are the result of the sudden explosion of credit markets, meaning consumers, employers and lenders won’t move for fear of being the next victim. Linneman sees a deep recession over the next two years followed by a convincing recovery.