“From beginning to end, it could be a 10-year process,” Bruce Berkowitz, whose Fairholme Fund holds one of the largest stakes in the mortgage-finance giants, said in a June 16 interview.
The equilibrium in the apartment sector will be challenged if developers keep adding new construction projects.
The next occupiers of the vacated spaces run the gamut, sources say, from specialty retailers to service providers to entertainment concepts to industrial and office tenants.
Those that have started the process are quickly realizing that they face some tough challenges ahead.
Here are some takeaways from day one of RECon.
Vacancy rates are rising the most in the places were landlords are now motivated to buy and renovate homes to offer as rental houses.