Monday, March 31, 2008

Los Angeles Times - "Tensions rising on Ventura Blvd." (3-30-08)

"Ventura Boulevard has long been a place where you went for sushi, doctor's appointments and meetings with your lawyer. Now it could become a place where you live. The storied thoroughfare of shopping centers and office towers that snakes along the San Fernando Valley's southern flank will get its first large-scale apartments and condominiums this spring, perhaps sparking a trend that could significantly transform the 18-mile commercial corridor."

Orange County Register - "77% of market pros bearish on real estate" (3-30-08)

"Russell Investments quarterly survey of money managers finds just 8% bullish on real estate investment trusts vs. 10% in the previous quarter while 77% of the money pros polled were bearish on commercial property-owning REITs. That’s equal with three months earlier. To be fair, this stock-heavy group aren’t huge fans of REITs. Bullishness for REITs peaked at 19% in the second quarter of 2005."

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