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CEO of Global Real Estate Firm “Jones Lang LaSalle” Pooh-poohs the notion of another real estate downturn…

Jones Lang LaSalle CEO: No Double-Dip
The CEO of global real estate services firm Jones Lang LaSalle pooh-poohs the notion of another real estate downturn.

“We don’t expect a double dip,” CEO Colin Dyer told reporters in Asia on Friday. “Our sense is that the corporate clients that we deal with are liquid, they have amassed a lot of money, they are looking for ways to invest.”

Jones Lang LaSalle manages about $40 billion of real estate investments for its institutional clients globally. More than two-thirds of the clients are in the U.S. and Europe, while 25 percent are in Asia.

Source: Reuters News, Soo Ai Peng (09/10/10)

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