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Avoid the newspapers, suggests (webcast) Blackstone (BX) real estate head Jonathan Gray. There's...

Avoid the newspapers, suggests (webcast) Blackstone (BX) real estate head Jonathan Gray. There's been a solid recovery in commercial real estate. Hotel revpar is up 6-8%, office occupancies are up 1000 bps from 3 years ago. It's no mystery: Commercial real estate deliveries - net of obsolescence - have effectively gone to zero over the past few years.
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