Abe Schear Quoted in Bloomberg News

In the article, “Atlanta Needs Five Years to Absorb Empty Office Space,” Bloomberg News reporter Mary Jane Credeur covered the AGG Real Estate Breakfast Briefing held on November 17, 2009. Several event panelists were quoted in the article, including: Chris Port, Senior Vice President of Asset Services for CB Richard Ellis Group Inc. in Atlanta; Casey Wold, Senior Managing Director for Tishman Speyer Properties LP; and Rudy Prio Touzet, Chief Executive Officer of Eola Capital. The article relays the main points of the panel discussion, such as decreasing building valuations, rising vacancy rates and excessive new office construction in the Atlanta market. AGG Partner and Real Estate Group Co-chair Abe Schear said that lower valuations and the weak U.S. dollar are attracting private investors, including two groups from Israel that are looking at properties valued at $100 million or more.

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