NEW YORK CITY—In the past two months, Joseph Sitt said Thursday, “The dealer has reshuffled the deck and dealt a new hand of cards.” The Thor Equities CEO, one of five industry leaders fielded by EisnerAmper and Bloomberg at a breakfast forum titled “Commercial Real Estate Outlook: 2015 and Beyond,” charted the fundamental ways in which the world “has been flipped upside down” by recent events. Chief among them were the steep drop in oil prices, the strengthening of the US dollar and the primacy of technology in driving demand.

All of these changes have been a “perfect fit” for the US and CRE in this country, said Sitt. It’s a changed view, he pointed out, from the more uncertain appraisal he had a few years back of the US economy’s long-term prospects.

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