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Hessam Nadji: Distressed Sales Coming, But Not a “Fire Sale”

September 22, 2023

The head of one of the leading firms in commercial real estate investment sales thinks we’ll be seeing distressed buying, but not at the volume that would shape the market as it did in the early 1990s or following the Global Financial Crisis.

“Is that going to be the catalyst to move the market? I don’t think so,” Marcus & Millichap president and CEO Hessam Nadji said earlier this month in a conversation with Connect Media CEO Daniel Ceniceros. “We’ve now gone through a couple of cycles where the expectation of the fire-sale, bargain pricing hasn’t come to fruition. And if you look at the financial system, the messaging from the Fed and the Treasury, it wouldn’t support a fire sale in commercial real estate.”
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