(Read more on the debt and equitymarkets.)
[IMGCAP(1)]NEW YORK CITY-The recent sizzling commercial realestate market in the US will slow in 2008, a healthy correctionthat will likely bypass long-term investors but penalizeoverleveraged buyers and late-to-the-game speculators. So saysUrban Land Institute and PricewaterhouseCoopers LLC's EmergingTrends in Real Estate 2008 report, at a special breakfastpresentation this morning at the Four Season's hotel inManhattan.
Jonathan Miller of PricewaterhouseCoopers, the program presenterwho has written Emerging Trends for the past 16 years,launched the program with a comprehensive 25-minute overview of themore than 70-page report. More than 500 people have contributed tothe report and Miller noted that overall, interviewees were hopefuland are keeping their fingers crossed in regards to a healthycorrection in 2008.
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