The opinion is part of a report published in "Emerging Trends"by PricewaterhouseCoopers and Lend Lease Real Estate Investments,based on interviews with developers, brokers, institutionalinvestors and pension fund advisers. But, there were some brightspots too. The report has cited "bargain prices" in downtownHouston office buildings, promising high returns ROI. It also iscalling Galleria, Greenway Plaza and Midtown area apartments "goodbets" for investors.
The report is suggesting investors avoid suburban Houston officesites, apartment complexes in outlying areas and "power center"shopping centers dominated by discount operations, without muchspace for smaller retail establishments. The report has placed SanFrancisco No. 1, followed by New York, Boston and Los Angeles.
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