CANNES, FRANCE—Nearly 20,000 people converged on this town this week for a show that brought together international lenders, developers, associations, buyers, sellers and brokers. To wrap-up MIPIM week, here’s a collection of some of the thoughts shared by many of the industry leaders we spoke with:

“Europe is a mess. Regulations are just reinforcing the cycle. There’s about 600 billion euros of debt coming through and a third of that is under water.”—John Herbert, HSBC

"CMBS is coming back!—Chris Ludeman, CBRE

"CMBS is coming back a little bit."—Howard Roth, Ernst & Young

In the US, ” Things are muddling along. There could be tough times ahead.” —Don Benningfield, Blackrock

“There’s much more confidence here and a lot more interest in the US. Larger institutions will put only a fraction of capital into emerging markets such as Brazil.” —James Fetgatter, AFIRE

“Everything that’s good for corporate America is bad for real estate.” —Jack Taylor, Pramerica

“Political unification will immediately create investment opportunities in Europe and huge cash flow.” —Joshka Fischer, former minister of foreign affairs for Germany

“Capital is being deployed, in London and Paris and New York. CBDs are developing master plans.” —Henry Chamberlain, BOMA International

“Do we have a lending gap or an equity gap? Yes.” —Steve Renna, CREFC