An anonymous industry source tells GlobeSt.com that although thepositives are hard to see with significant job loss, "I think wellcapitalized regional and super-regional investment banks will pickup some of the slack in terms of services provided." The sourcenotes that although it is not good for the investment bankingindustry, it is "probably necessary, but a net negative."
According to the latest Commercial Real Estate Outlook of theNational Association of Realtors, commercial real estate is beingpinched by Wall Street woes. Patricia Nooney, chair of the RealtorsCommercial Alliance Committee, says that "we are in an unusualsituation where transactions are being curtailed not for lack ofdemand, but for serious challenges in obtaining financing."
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