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Bob Bach, Grubb & Ellis

The level of paranoia about the economy and the financial markets is high and rising. Wasn’t it just a week or two ago that the financial media was trumpeting the threat of inflation due to the epic budget deficits? Now the discussion has pivoted to deflation, the role it played in Japan’s lost decade of the 1990s, and the potential for it to take root in the U.S.

Kevin O’Hearn, Holliday Fenoglio Fowler

As with last year, the investment sales activity in the suburban metropolitan New York area remained low through the first half of the year. More specifically, there wasn’t a single sale transaction in excess of $10 million. However, the good news is that as the overall economy continues to show signs of recovery, the owners of retail assets have become more willing to test the waters.

By Michael Melody, Managing Director, Real Estate Investment Banking, Jones Lang LaSalle: In the wake of the credit crisis, the majority of US market participants had anticipated a deluge of distressed and high-yield opportunities. Veteran investors eagerly waited on the sidelines and new private equity funds were raised; however, to the industry’s surprise, banks and servicers have remained reluctant to sell and have instead chosen to restructure and extend loans. The frustration of slim pickings for investors has been compounded by a significant compression in yields.

By Leo Pircher, Founding Member, Pircher Nichols & Meeks: Carried interest is a financial stake in the profits of the enterprise given to a general partner in a limited partnership or managing member in a limited liability company after the limited partners or other members have received a specified return on their investments. Receipt of such interest is supposed to compensate for the risks undertaken by the general partner or manager in connection with the project.