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Forecast: Don’t expect miracles in the 2010 real estate market |
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Written by Sara Hamilton
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Monday, 04 January 2010 |
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 If you’re in real estate, you probably don’t want to reflect too much on 2009. That’s understandable.
Rising vacancies and declining sales volumes, paired with foreclosures and disappearing financing, dealt a devastating blow to the real estate sector over the past year — one that might knock the industry off its feet until late 2010.
The Business Times checked in with real estate forecaster Kirk Lesh from California Lutheran University in Ventura County to see if the toxicity of 2009 will continue to poison the market over the next year. His conservative answer: 2010 will be bad, but better than 2009.
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Last Updated ( Monday, 04 January 2010 )
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During the past 15 years, a tool and hardware distributor in Camarillo called Central Purchasing exploded into one of the largest private companies in the Tri-Counties as it exploited new sales channels online, in broadcast media and at 300 retail stores..jpg)
In what may be the largest lease deal in the Tri-Counties to date this year, Dynacorn International leased 98,952 square feet of industrial space at 4030 Via Pescador in Camarillo. The seven-year lease is valued at more than $3.8 million, according to NAI Capital’s Ventura County office, which represented the lessee.
