January 12, 2009
Los Angeles Downtown News quoted Associate Professor Gary Painter about a Los Angeles developer who has decided, due to the weak economy, to auction off the units in a condo building. "In normal market circumstances you typically don't see auctions," he said. "But with what's happened in the last year and a half, it's anything but normal." Painter is director of research at the USC Lusk Center for Real Estate.
Los Angeles Downtown News quoted Associate Professor Gary Painter about a Los Angeles developer who has decided, due to the weak economy, to auction off the units in a condo building. "In normal market circumstances you typically don't see auctions," he said. "But with what's happened in the last year and a half, it's anything but normal." Painter is director of research at the USC Lusk Center for Real Estate.