VIDEO: Haddigan Pinpoints Distressed Assets' Myths

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Marcus & Millichap’s Bernard Haddigan talks with John Salustri of Incisive Media about distressed assets.

LOS ANGELES-During last week’s RealShare Real Estate 2009, there was a lot of talk about how distressed sales are expected to be the place for opportunity in 2009. Bernard Haddigan, senior vice president and managing director of Marcus & Millichap, addressed distressed commercial real estate and separating the myths from reality in his afternoon keynote address.

“There are safe bets still trading, and distressed inventory is set to rise,” Haddigan told the audience of nearly 1,000. He explained that the Southeast and the West are leading in distressed assets, and as far as product type, multifamily is leading, and retail is “coming up rapidly.”

Haddigan called the present the “best buying opportunity of your lives,” and added that strategy should be what is driving buying focus.

(Click on the image above to check out Haddigan’s entire interview.)