Secondary, tertiary cities should expect more action, panelists say

05/25/2011 | SCT Newswire

Competition may lead lenders to invest outside of major U.S. markets, opening up opportunities for secondary and tertiary cities, according to a panelist of financial professionals at RECon 2011. A stabilizing market means that capital markets will expand over the next decade, said William Markey, a director at MetLife. But the panelists maintained that without "heir apparent" retailers to replace the stores that shuttered during the recession, challenges will remain for retail real-estate financing.

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