(Read more on the debt and equitymarkets.)
TYSONS CORNER, VA-What a difference a year makes. This time lastyear at the RealShare Northern Virginia event, both panelists andattendees were enthusiastic about both the submarket and nationalmarket. That, clearly, has changed--but both panelists as well asmany of the 300 or so attendees at Tuesday's conference areoptimistic that Northern Virginia's strengths will see thesubmarket through what is largely expected to be a rocky fewquarters.
For starters, said Mark Levy, VP and market officer forProLogis, the subprime crisis has been overblown in the media. Thelending situation is bad, he acknowledged--but not to the pervasiveextent that it has been portrayed. "I am more concerned about theperception of the situation than its reality," he said during thekeynote panel discussion.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
