He adds industry data suggests selling prices have not reachedthe bottom.

"A golf course is one of many property types that sufferimmediately in poor economic times," Bur tells GlobeSt.com.

However, building continues, making him wonder why developerswould want to invest in struggling properties that are filling themarket.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.