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Real Estate


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November 13, 2006

Commercial property leasing, management firms doing just fine

  • Many of the biggest commercial real estate companies seem to be unscathed by the housing slowdown.
    • By VINNEE TONG
    AP Business Writer

    NEW YORK — Judging by recent profit figures, many of the biggest commercial real estate companies have been unscathed by the housing market slowdown.

    A strong job market and increase in corporate outsourcing have bolstered real estate services revenues, enough to offset a slower pace of growth in investment sales that has set in since the booming recent years when offshore investors, real estate investment trusts and pension investors flooded the market.


     
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