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NEW YORK CITY-CB Richard Ellis's Jeffrey Dunne said he's seeingthemes crop up again and again. First, the holding period for realestate is getting shorter and shorter each year. "The cycle is muchquicker," he said during a capital markets outlook at the UrbanLand Institute's first Regional Trends Conference. The event wasjointly organized by ULI New York, ULI Northern New Jersey and ULIWestchester/Fairfield.

"Buyers are more selective with their time and willing to paypremium for assets," he added. Another theme is that lenders areplaying a more important role in the bidding process. He noted thathis "rolodex has changed. There are so many new buyers. The buyerlist is so deep." He added that one new class of investor is theTIC environment. "Who knew who TICs were five years ago?"

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