Commercial Real Estate Recovery to Continue in 2011

Grubb & Ellis Predicts Commercial Real Estate Leasing Recovery to Proceed in 2011, Investment Recovery to Continue

Multi housing will recover fastest; office market will continue to lag without faster job growth

SANTA ANA, Calif., Jan. 3, 2011 /PRNewswire/ — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today released its 2011 Real Estate Forecast, which foresees the start of a slow recovery in the leasing market for all property types in the coming year.  Activity in the investment market, which began its recovery earlier than anticipated in 2010, will expand beyond assets at the top and bottom of the quality scale to include properties with slightly more risk.  Read More…

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