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Look at CRE Separately, Execs Tell TV Audience

MIAMI-The surplus of condo units Downtown is actually a plus for the CBD, explained Terry Stiles, chairman and CEO of Ft. Lauderdale-based Stiles Corp.

By Carl Cronan | Updated on February 24, 2008

Carl Cronan is editor of Real Estate Florida, from which this article is excerpted.

MIAMI-Two top South Florida real estate executives made their case on national television early Friday morning, saying lenders and investors should differentiate between commercial and residential when it comes to sizing up their market.

“South Florida, for some reason, gets painted with one big brush,” Terry Stiles, chairman and CEO of Ft. Lauderdale-based Stiles Corp., told CNBC’s “Squawk Box” program during its live broadcast from Miami Beach. He says financial institutions make no differentiation between real estate types, even as the office sector shows strength amid the ongoing housing downturn.

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