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A Path to CRE Price Discovery Starts to Emerge

Lenders have come to a consensus about price discovery which should provide a guide for buyers and sellers once they emerge and try to make deals.

price-discovery Photo by Shutterstock

Deals all but screeched to a halt when the US went into lockdown mode six or seven weeks ago, sending the economy into a deep recession and causing havoc in the commercial real estate markets. Simply put, the industry went into deer-in-headlights mode and it remains there to this day, according to comments Sam Zell, chairman and founder of Equity Group Investments recently made on Bloomberg TV.

Now that the US economy is starting to tentatively reopen its doors, the CRE sector is hopeful that at least some deals will start to move forward. Zell, though, has his doubts.

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Erika Morphy

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