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[IMGCAP(1)]NEW YORK CITY-The recent sizzling commercial real estate market in the US will slow in 2008, a healthy correction that will likely bypass long-term investors but penalize overleveraged buyers and late-to-the-game speculators. So says Urban Land Institute and PricewaterhouseCoopers LLC's Emerging Trends in Real Estate 2008 report, at a special breakfast presentation this morning at the Four Season's hotel in Manhattan.
Jonathan Miller of PricewaterhouseCoopers, the program presenter who has written Emerging Trends for the past 16 years, launched the program with a comprehensive 25-minute overview of the more than 70-page report. More than 500 people have contributed to the report and Miller noted that overall, interviewees were hopeful and are keeping their fingers crossed in regards to a healthy correction in 2008.
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