NEW YORK CITY-There's been a dramatic change in the way investors are looking at yield. CapLease chairman and CEO Paul McDowell explores the drivers behind the trend. He also discusses:

• Why the cost of capital favors the bigger investors;

• How can smaller players compete?

• What the lending environment looks like through the rest of 2013.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.