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Real Estate/Development

Jan. 20, 2012

Lawyers see signs of thawing in real estate market

For the first time in several years industry optimism has some hard evidence behind it, according to the latest semiannual report by the Allen Matkins/UCLA Anderson Forecast.


By Sean Windle


Daily Journal Staff Writer


Ask developers about their outlook on the future of commercial real estate, and the answer is usually imbued with optimism.


"That is kind of part of their business - they develop because they are optimistic about their property," said Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast.


But for the first time in several years, that optimism has some hard evidence beh...

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