L.A., San Diego emerging from credit crisis

Survey finds varying outlooks for California's 4 major metros

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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. "The Allen Matkins/UCLA Forecast Survey looks forward to market conditions in 2011 and asks the regional panels for their views of changes in supply and market conditions," said Jerry Nickelsburg, economist, UCLA Anderson Forecast and author of the survey results summary, in a statement. "What is interesting about this survey is that by looking beyond the near term it picks up the impact of ...