Higher Interest Rates Ahead for Commercial Developers
Thursday, September 13, 2012
U-T San Diego -- The Federal Reserve may act to keep interest rates to boost the economy, but the commercial real estate world should brace itself for higher rates next year.
That was the message from James "Watty" Watson on Thursday to the University of San Diego's Burnham-Moores Center for Real Estate breakfast forum.
Watson, 60, is president and CEO of CT Realty Investors in Orange County and former president of the Koll Co. when it was building office and industrial projects in San Diego and other markets. (Full Story)