CORFAC Attendees Get Real About DC
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WASHINGTON, DC-Attendees and participants at CORFAC International's Fall Summit, held this week in Washington DC's The Fairfax at Embassy Row were generally upbeat and even, in some cases, downright giddy about commercial real estate's prospects.
Industrial? It is being bolstered by such trends as e-commerce and in some parts of the country is seeing a significant level of spec development. Office? Ask Bill Hawkins, principal of Chas. Hawkins Co./CORFAC International and CORFAC 2013 president, about opportunities in his home market of Nashville. They have never been more plentiful or more interesting, he says. In fact, ask him about CRE opportunities in general: "There has never been a better time to be involved in commercial real estate than now," he will tell you.
A number of brokers attended the CORFAC gathering but their enthusiasm for local trends was far more muted. GlobeSt.com spoke with a handful of local brokers from Donohoe Real Estate Services/CORFAC International--Brian K. Coakley, Bryan S. Gray, Thomas J. Long and Don Konz--in between sessions at the event in an informal roundtable discussion.
The overriding theme: it is still very tough out there, thanks to sequestration and Congressional penny pinching.
Next: A Telling Conversation
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