Saturday, February 28, 2009

Warren Buffet checks in with Colossal Losses

Even the "Oracle of Omaha" hasn't been immune to our economic changes. Read his annual letter to shareholders http://www.berkshirehathaway.com/letters/2008ltr.pdf

Industrial Brokers is seeing a sharp slowdown in Orange County industrial transaction activity. Landlords are busy with tenant retention efforts, and buyers are awaiting price drops similar to those in the local residential market. There haven't been enough sales this year to guage who is winning that tug-of-war, but we suspect that it will be the buyers gaining advantage soon.

Call me today at 949-646-2727, if you have any questions about your Orange County industrial property or lease.