San Diego Business Journal – Commentary
[Excerpt] Alex Zikakis, president and CEO of Carlsbad-based real estate investment and development company Capstone Advisors Inc., said the “tidal wave” of commercial foreclosures that many predicted a year ago never materialized, as lenders worked with borrowers and avoided flooding the market with deep-discounted properties. Zikakis said that process will likely continue through 2014, as banks and other lenders gradually sell off troubled commercial assets…
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