HOUSTON — More construction cranes will be sprouting on America’s skylines.
The commercial real estate sector is forecasting one of the longest periods of expansion on record.
Top players predict that investment and returns in U.S. real estate will stay strong through 2017.
The forecast is for almost $500 billion a year in transactions over the next three years, according to a new study by the Urban Land Institute, which is meeting in Houston this week. The Washington, D.C.-based organization is the country’s largest commercial real estate association.
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