For more on the financial crisis, check's Webinar, "Wall Street In a Freefall—TheWinners and Losers."

SAN FRANCISCO-The doom-and-gloom opening bell of the Associationof Foreign Investors in Real Estate members meeting, being heldhere, has given way to a more practical approach to surviving themarket meltdown. A panel of debt and equity types gathered in asecond-day session entitled Chaos in Capital Markets to explain howthey are navigating the choppy waters. Mark Gibson, executivemanaging director of Holliday Fenoglio Fowler, moderated thesession.

"The tone of our investors varies by their circumstances,"stated Jeffrey A. Barclay, managing director and head ofacquisitions for ING Clarion Partners and one of two speakersrepresenting the equity side. "Some are sitting on the sidelines,and others are looking for specific investments to fill out theirportfolios."

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.