Writer sees real estate investment cycle ending

Writer sees real estate investment cycle ending - 2004-12-27 - The Business Journal of Phoenix: "Despite the excellent performance for real estate investments over the past five years, it still remains a cyclical investment and the cycle is beginning to turn, a Valley real estate writer said Monday. Steve Bergsman of Mesa, the author of 'Maverick Real Estate Investing: The Art of Buying And Selling Real Estate Like Trump, Zell, Simon and the World's Greatest Landowners,' said that as interest rates climb, the number of investors looking to make a commercial real estate deal will decline. Bergsman said he bases his conclusions on a number of interviews he's conducted with national-level real estate investors."