L.A., San Diego emerging from credit crisis

Panels of real estate professionals surveyed in California's major office and investment markets believe the credit crunch in Los Angeles and San Diego is starting to ease while conditions in Orange County and San Francisco aren't quite as optimistic.

According to the latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey, there was a sense that credit conditions would likely remain tight for the near term in Los Angeles and San Diego while higher financing and land costs would keep rental rates lower in Orange County and San Francisco, respectively.

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