February 2, 2009
Los Angeles Downtown News quoted Associate Professor Gary Painter about a reported ownership change in a real estate development project. "My guess is they tried to rework their loan, but they just weren't able to get an agreement on that," Painter said. "This is happening in a lot of places right now, and not just in Los Angeles," he added. Painter is director of research at the USC Lusk Center for Real Estate.
Los Angeles Downtown News quoted Associate Professor Gary Painter about a reported ownership change in a real estate development project. "My guess is they tried to rework their loan, but they just weren't able to get an agreement on that," Painter said. "This is happening in a lot of places right now, and not just in Los Angeles," he added. Painter is director of research at the USC Lusk Center for Real Estate.