He does not believe the market will become overbuilt. Many high tech companies are laying people off, so there is going to be a question of sublease space coming back on the market. These are among the topics that a brand-new Forum for developers on Technology and Telecommunications will address when it has its first meeting in Savannah, according to chair Daniel Levison , vice president and marketing director of MK Management Co. in Atlanta. Moody pointed out that all lenders are still actively interested in Colorado, and Denver specifically, and that financing was available, but in a more selective way. This company is not altering its own strategy for 2001.
Interest rates are low and money is available.
With most markets in equilibrium, there will be considerable opportunity for the investor who understands the dynamics of the local and regional marketplace. I have some optimism that the new administration will be a bit, maybe a lot, more business-responsive. We are making more marginal deals that we wouldn't have taken six months ago. The credit quality has deteriorated. The majority of tenants are local and they are taking space when the national companies aren't sure what to do.