Got Any Change? At REBNY Retail Awards, Brokers Put Up Brave Front

“I still think there is going to be further depreciation of values, more foreclosures. But I think the hysteria of December is behind us,” said real estate broker Jim Downey of Cushman & Wakefield, after winning an award for the most creative retail deal of the year. “People are more positive and more resigned—not resigned in feeling defeated, but resigned in understanding this is going to be a dark period for a while.”


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