For starters, said Mark Levy, VP and market officer forProLogis, the subprime crisis has been overblown in the media. Thelending situation is bad, he acknowledged--but not to the pervasiveextent that it has been portrayed. "I am more concerned about theperception of the situation than its reality," he said during thekeynote panel discussion.
"People don't know what to believe," Herb Mansinne, managingdirector of Jones Lang LaSalle, also a panelist, said. "I think alot of us are getting psychological whiplash following events."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
