2009's New Real Estate Vocabulary Noted by Dave Morris '83
November 20, 2009
November 20, 2009, Greencastle, Ind. — "This week, the New Oxford American Dictionary named ‘unfriend’ the word of the year. For developers and commercial real estate brokers, a whole lot of other words come to mind to describe 2009," begins a St. Louis Business Journal column. Lisa R. Brown writes, "Dave Morris, senior vice president of Grubb & Ellis|Gundaker Commercial, came up with a list of phrases to describe the current market. In a newsletter to clients, Morris, an English (composition) major from DePauw University in Indiana, said he’s never seen so many new phrases pop up so quickly in his 22-year career."
The article goes on to define such terms as "zombie building," "pretend-and-extend" and "flight to quality.
David Morris, CCIM, SIOR, is a 1983 graduate of DePauw.
Access the complete text -- "Morris' real estate vocab to live by" -- at the Journal's Web site.Back