Slowly, the economy is turning the corner, and the focus has switched to how—and when—commercial real estate capital and investment markets will respond. One thing is certain: Firms with a global focus will emerge first.
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NEW YORK CITY- Having reached a new trough in 2009, transaction volume will increase this year even as pricing remains challenged, says Massey Knakal report. NEW YORK CITY-Expect at least two more quarters of general downsizing by locally-based employers, says Eastern Consolidated’s Denham, although some sectors do offer bright spots. NEW YORK CITY-After 13 consecutive months of eroding values, the Moody’s/REAL Commercial Property Price Index rose 1% for November, the ratings agency said Wednesday.

Even New York City's once-bulletproof office sector is feeling the effects of the downturn. Delays in rebuilding at Ground Zero are testing patience, yet Downtown's boosters say the neighborhood's renaissance is a foregone conclusion. Developers use everything from underground cisterns to low-flow faucets to conserve and reuse water.