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It has become a cliche to say the economy is showing signs of life — but, then, there it is. The economy IS showing signs of life — as well as the commercial real estate industry, which all but had its final rites time last year. To be sure, there are several challenges including the yet-to-be-resolved question of where billions of dollars of commercial property debt will find refinancing, the record high CMBS default rates and several legislative initiatives that are worrying the industry. But never mind those for the moment. Instead consider what has happened in just the last several days:

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