Silver Lining
Have you ever seen someone that works better when the odds are against him or when everything around him seems to be failing? A smile despite everyone around him crying and gnashing their teeth? There’s a company who have decided to see the current real estate situation as an opportunity rather than a bane. For instance, the Los Angeles real estate firm, CB Richard Ellis just closed a $2.1 billion investment fund. The money will be used to buy properties nationwide.
Through this fund, the firm will be buying both properties that are only in need of minor repairs and those that need more improvements. The latter will fund real estate development.
CB Richard Ellis Investors is an independently operated affiliate of Los Angeles-based CB Richard Ellis Group Inc., the world’s largest real estate brokerage.
