As we close out 2006, our economy and the investment environment overall are far stronger than many of us would have anticipated. Inflation is mild, oil prices are back to reasonable levels, and interest rates remain low. With capital continuing to flood the investment markets, we're seeing near-record high returns in the stock markets and the real estate markets. In fact, it appears that 2006 may have been the best year for public and private commercial real estate in several decades.
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