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The European debt crisis. Social unrest in the Middle East. Legislative gridlock in the US. Questions about the impact and timing of Dodd-Frank rulemaking. The availability of credit, or lack thereof. The extended slump in housing sales. Minimal personal income growth. All of these challenges heading into 2012, even as the country's economic vital signs continue to improve, mean another year of uncertainty. It's little wonder that after ticking off these issues during a Real Estate Board of New York seminar in February, John Sikaitis, SVP and director of office research at Jones Lang LaSalle, predicted that the pace and depth of recovery would remain “highly segmented” across the US this year.

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