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LOS ANGELES-“Under certain scenarios we may not see a ‘normal’ credit market for commercial real estate in earnest until 2015,” says Saman Shams, a managing director in the Los Angeles office of ICO Group. GlobeSt.com’s Natalie Dolce recently caught up with Shams to discuss key paradigm shifts in the market, cap rates, and what he considers to be “the biggest opportunity.”

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