Already scrambling for recent sourc...

Already scrambling for recent sources of capital, U.S. developer were advised at the Urban Land Institute's (ULI) spring meeting that they should anticipate further drying up of permanent funds later in the year.

In an economic update delivered at the meeting, which was held last month in Dallas, senior comrade Tony Downs of the Brookings Institution, Washington, DC warned developer that the watch for real estate will remain bleak for at least the nearest two years. The 30 percent decline thus far this year in Japan's Nikkei stock market will restrict the availability of foreign capital, as