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NEW YORK CITY-The recession is starting to impact the rents and NOI of all commercial property asset classes, said Hessam Nadji senior vice president and managing director at Marcus & Millichap, in a recent GlobeSt.TV interview. “We’re going to see property fundamentals, pretty much across the board, weaken,” he says, pointing out these problems could continue into 2010.

On the transaction end, Nadji said it was tough to know how the pricing of deals is impacted because there are so few acquisitions taking place any more. He spoke with Michael Desiato, vice president and group publisher of Incisive Media’s real estate group.

To watch the entire GlobeSt.TV interview, click the link below.


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