LOS ANGELES-The capital markets landscape is surely differentthan it was a few years ago. "We're in a state of confusion,"said Ethan Penner, executive managing director of CBREInvestors. "Both yesterday's players and tomorrow's playersare struggling to find their stride."

Penner spoke at the RealShare Real Estate 2010 conference, andhis GlobeSt.TV interview is with GlobeSt.com's Alyson Grala.

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