Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<!– this comment prevents auto wrapping of urls –>

The CB Richard Ellis Investors exec. managing director tells John Salustri, editorial director of Incisive Media’s real estate group at Real Estate 2009 that a bear market is an investor’s market.

LOS ANGELES-One of the prevailing themes at this year’s RealShare Real Estate 2009 conference was that the US economy and the real estate markets will suffer more pain before they recover, but even the most pessimistic see hope for a recovery beginning by some time in 2010. Recovery was the bottom line for keynote speaker and CMBS pioneer Ethan Penner, executive managing director at CB Richard Ellis Investors, who outlined the causes of the financial markets meltdown and offered some prescriptions for fixing them.

Penner said that one of the fundamental problems preventing a recovery is that investors both in the US and around the world is that have lost their trust in the free market, a trust that is one of the foundations of the US financial system. Penner also addressed the federal stimulus plan, saying that the private sector will have to get up and running if the US is truly going to restore its economy. “There will have to be bond market participation,” he said.

Penner outlined the causes of the financial markets meltdown and offered some prescriptions for fixing them, explaining what he would do differently from what is being attempted by the feds. One of the steps that ought to be taken on the road to recovery is marking assets to market value, Penner said.

In an interview with GlobeSt.TV, Penner said that he is a fan of a bear market, which he explained was “an investor’s market.”

(Click on the above image to play the GlobeSt.TV interview.)

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.