Braddock Commercial President Christopher Campagna quoted in CoStar Watch List Newsletter

By bcchrisc • November 1st, 2012


“Most of our clients have already accounted for the worst case, and pulled back,” explains Christopher M. Campagna, president of Braddock Commercial Real Estate Services in Alexandria, VA. “So, when the worst case does not materialize we will have a mini-boom of spending activity resulting in good leasing activity in the second and third quarters next year. But no one should get too heady about prospects for 2013 or 2014,” he warns. “Our operational philosophy is for cash/asset preservation to come first, and be very cautious on equity risk with little or no debt accumulation. We are still facing a classic market conundrum – cheap debt, reasonable prices, but too much risk and no good matrix to price it.”

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