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CHICAGO—Globally, both overseas and domestic investors are likely to expand their real estate allocations, according to LaSalle Investment Management. The Chicago-based firm just released its Mid-Year 2015 Investment Strategy Annual report, and found that with a steady, cyclical recovery underway around the world, and with interest rates remaining lower for longer, benchmark bond and real estate debt costs remaining low, real estate continues to be attractive. Furthermore, demographics, technology and urbanization continue to drive demand for space in specific areas.

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