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New York City-On Tuesday, the Real Estate Lenders Association held a networking breakfast at the Yale Club here. The event was capped off by a presentation from Jordan Kaplan, president and CEO of Douglas Emmett, a Southern California-based REIT that is active in the commercial and multifamily property markets in California and Hawaii.

“There are a few trades coming in the next 60 days that will help to firm up pricing,” Kaplan told the crowd, alluding to the trouble establishing value in today’s market. For its part, Douglas Emmett recently closed a deal on Wilshire Bundy Plaza in Los Angeles that ran around $360 per square foot and there were several other trades in the area that closed at $400 a foot.

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