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Roddy, president of Addison-based Foreclosure Listing Service Inc., said his company is predicting a yet-to-come storm of commercial foreclosures in Tarrant County, but those foreclosures will mean investment opportunities.
“We think ’09 was a dud market and 2010 will be close to being the same as ’09 … but by the end of the third quarter, the fourth quarter of this year, you’re going to see an increase of [investors] in the market and from our vantage point, the window of opportunity – believe it or not – is beginning to close,” Roddy said at a March 24 Society of Commercial Realtors breakfast. “The smart money is out there today taking advantage of the negative publicity commercial real estate is getting.”
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