SAN FRANCISCO-We aren't in the clear yet, but we are getting closer. Even with the problems in the Middle East and Japan, the commercial real estate industry continues to survive.
That was the message told to attendees at the REIT WISE conference here today.
"We believe we're firmly into a recovery," said Alan Billingsley, head of research Americas for RREEF. "People realize, long term, real estate is a great asset class to be in."
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