Top-Level Transactions 

Although capital continues to flow into commercial real estate at unprecedented levels, the real news is the intense competition for properties as well as the size, diversity, and complexity of transactions this money fuels. U.S. real estate investment trusts and

Exporting Capital 

As economies throughout the world continue to expand, the flood of real estate investment capital headed overseas has swelled to record levels. This unprecedented growth is expected to continue throughout the year and well into 2006. Despite a weak dollar,