We interrupt the regularly scheduled edition of Good News Friday to bring you breaking news:Earlier today, Grubb & Ellis released the second phase of its 2012 Forecast consisting of expanded fourth quarter local market reports summarizing 2011 and previewing market conditions for 2012. You’ll find the latest Market Trends reports alongside our National Commercial Real Estate Forecast, which was released earlier this month.
Now, back to our regularly scheduled good news. Click here to view my recent essay in Commercial Property Executive explaining why cap rates are set to fall further in 2012.
Have a great weekend.
SVP, Chief Economist
Grubb & Ellis
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