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The recession is likely to create a chaotic environment for real estate investment in 2009, according to this joint study from PricewaterhouseCoopers and the Urban Land Institute. Commercial developers will face challenges related to the lack of available financing and rising project costs. Investors will need to use creative asset management and leasing strategies to avoid losing tenants and property cash flow. Major U.S. metropolitan areas will see declining rankings among potential investors, but Canada may be somewhat shielded from the U.S. and European fallout. Investment in Latin America will likely concentrate on Brazil and Mexico, but the study warns of problems with transparency.

The study includes detailed "Best Bets" for investment, development, and different property sectors, including industrial, retail, office, and niche markets. It also features full chapters on emerging trends in Canada and Latin America.

 
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