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NEW YORK CITY-On a day that also saw the US Labor Department’s weekly unemployment figures reach a nine-month high, the locally based Conference Board projected that, based on its Leading Economic Index, slow growth was in the forecast for the balance of 2010. The upside of that sleepy outlook, says Cushman & Wakefield’s Ken McCarthy, is that interest rates remain low.

“That helps a lot of investors and owners to refinance, recapitalize or invest while borrowing at low rates,” McCarthy, C&W’s managing director of research for the New York region, tells GlobeSt.com. “One of the things we have seen over the past six months or so is an increased willingness by banks to lend to commercial real estate.

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