StreetSmart:

Anticipating the Direction of the Market

About the Author

Hessam Nadji

Hessam Nadji possesses more than 25 years of experience in real estate research, consulting, marketing and technology management. He oversees Marcus & Millichapís Research and Advisory Services, including economic and real estate information tracking, analysis and the production of various research publications. He also manages the design and application of various research and marketing tools and analysis-related technology, as well as various real estate supply and demand analyses and databases. Nadji joined Marcus & Millichap in 1996 as vice president of research and was promoted to managing director in April 2000. He received a Bachelor of Science degree in information management and computer science from City University in Seattle.

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Hessam

Recent reports show that OPEC believes there is enough oil being pumped to meet workd demand even if Libya is out of the equation. Why then, are prices going up? Doesn't OPEC have an incentive to keep prices stable? $150 a barrel oil creates huge eceonimc incentives for alternative energy development research, which in the long run is bad for OPEC. As the Sauid oil minister once said: "the stone age didn't end for a lack of stones".
Posted by Chris_Terlizzi | Tuesday, March 08 2011 at 1:51PM ET

About Marcus & Millichap

Since 1971, Marcus & Millichap has been the premier provider of commercial real estate investment services. Through the depth of its local market knowledge, the firm has established itself as a leading investment real estate company with more than 1,300 agents throughout the U.S. and Canada. The firm recently formed Institutional Property Advisors (IPA), a brokerage division serving the unique needs of major and private institutional investors.