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Legendary investor says buy commercial real estate NOW
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Friday, October 09, 2009
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From Newsmax:

Commercial real estate is down and out, which means now is the time to buy, says legendary real estate investor Berry Sternlicht, CEO of Starwood Capital.

In an interview with CNBC, he said the market is in a similar state to its last huge slump of 1991.

“All the capital is headed away from the property class. Everyone hates it. That’s usually the best time to find bargains. We’re shopping like we did in 1991.”

Read full article (with video)...

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Topics: Real_Estate
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