NORTH BAY ? Acclaimed real estate economist Ken Rosen will return to the North Bay on March 26 for the second annual North Bay Investment Real Estate Conference.
The conference, hosted by Larkspur-based commercial real estate brokerage NorCal Commercial Inc., will include a discussion of multifamily, retail, office and industrial property, in addition to general economic conditions.
Dr. Rosen is the chairman of the Fisher Center for Real Estate and Urban Economics and at the Haas School of Business at U.C. Berkeley, and the chairman of the Rosen Consulting Group.
NorCal Commercial President Scott Gerber said he invited Dr. Rosen to return for a second conference because of the depth of his expertise in the field.
?His research is thorough and accurate, his comments are entertaining and he?s a highly respected real estate forecaster and an authority figure in the world of residential and commercial real estate,? Mr. Gerber said of Dr. Rosen.
In addition to commercial real estate, Dr. Rosen is expected to discuss the impact of the housing downturn on the economy. ?I think that next year we will see foreclosures rise 40 to 50 percent on a national basis,? Dr. Rosen told U.S. News & World Report last month.
According to Mr. Gerber, the conference will include discussions about both the North Bay and broader markets.
?It?s a good macro picture,? he said, noting Dr. Rosen ?will give his own two cents about what the North Bay looks like.?
?In addition, his comments will certainly include the current mortgage crisis and the impact it is having on the various commercial real estate sectors.?
The conference is targeted at North Bay commercial property owners and investors who want to know where the market is going, Mr. Gerber said.