December 22, 2008
The California Real Estate Journal quoted SPPD Distinguished Fellow Stan Ross about the housing market in California over the last 20 years. Regional malls got larger and office buildings got taller, Ross said. And a whole lot of space got built, but this peaked in about 1988 and 1989, he added. "Then we moved into soft years and we had excess supply coming out, so we had a substantial amount of excess space," he explained. Ross is chairman of the board at the USC Lusk Center for Real Estate.
The California Real Estate Journal quoted SPPD Distinguished Fellow Stan Ross about the housing market in California over the last 20 years. Regional malls got larger and office buildings got taller, Ross said. And a whole lot of space got built, but this peaked in about 1988 and 1989, he added. "Then we moved into soft years and we had excess supply coming out, so we had a substantial amount of excess space," he explained. Ross is chairman of the board at the USC Lusk Center for Real Estate.