Hurt by falling demand for its office and hotel properties, plus pricey investments in cold storage and residential development, Crescent Real Estate Equities cut its earnings outlook for 2001 by 13% and its dividend by 32% in October.
He assessed whether local activity was comprised of mom-and-pop individual investors or institutional investors, defined as either entities that have purchased five-plus properties a year under the same name or under an incorporated name.
Google appears to be favoring its own properties with its new search initiative, Search Plus Your World, instead of Twitter and Facebook, he warned, adding that this could lead to regulatory problems down the road.