[IMGCAP(2)]During the general session Town Hall Meeting: TheState of the Philadelphia Market, moderator Robert Walters, asenior managing director of CB Richard Ellis looked to panelistsJeff DeVuono, SVP and regional manager of Brandywine Realty Trust,David Fahey, president of the commercial division at Binswanger,Bill Glazer, president and founder of Keystone Property Group,James Mazzarelli, SVP and regional director of Liberty PropertyTrust, for their outlooks on where Philadelphia stands goingforward.
[IMGCAP(3)]"Clearly there is a discussion about the recessionand tough times, but I would love to remind everyone that it wasless than a year ago—July of '07—when everybody in the market waswalking around complaining bitterly that there was nothing to buy,"said Glazer. "The complaint today is that there is nothing to buybecause there is no money. Pick a complaint. I like this market,because we are back to blocking and tackling, fundamentals."
[IMGCAP(4)]Mazzarelli notes that Philadelphia is moving in asolid direction. "I think that when you talk about what's happeningin the Philadelphia economy and real estate, you have to go rightto the demand side. …You start in the core; everything happens inthe Center City and moves out in my opinion. We have an incrediblehealthy, maybe even defined as robust city in Center CityPhiladelphia.
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