Montclair Acquisition Fund LLC — which includes about 35 investors — purchased 88,000 square foot of space and 90 parking spaces from Larry Chan. The sale excludes the Asian Branch Library, Oakland Asian Cultural Center, 200 condominiums and 50 rental housing units.
The soothsayers have slaughtered the ox and are examining the gloppy entrails for signs: Rising unemployment, a falling dollar, weak consumer spending, the credit crisis, a swooning stock market. Could there be something wrong here? Could we actually be approaching a, god forbid, recession?