No matter how quickly globalization accelerates, real estate transactions will always be local in nature. The buyer, the seller, the landlord, or the tenant will always want someone with local real estate knowledge involved in the deal.

Investors today are pouring money into the executive suites business, giving office space owners, managers, and leasing agents newfound respect for this once cottage industry.

There's no credit crunch if you want to buy or build multifamily housing, experts say. But to get the financing, you must show a clear market for the housing and have the financial wherewithal to do the deal without having to overleverage the project.

Optimism carries the industry, despite Wall Street meltdown

Shopping mall owners and developers must meet the demands of the time-crunched, value-oriented consumer or be prepared for the industry's growth to stumble, according to Wall Street analysts at the annual convention of the International Council of Shopping Centers.

Commercial sectors are looking healthy these days, according to information culled from numerous reports put out by the E & Y Kenneth Leventhal Real Estate Group, San Francisco.

With assets exceeding $120 billion, real estate investment trusts (REITs) are emerging as a dominant force in the commercial market. And they're changing the way real estate investment is regarded on Wall Street and Main Street.

Today, we're told, more than 20 million American employees work out of their home offices. That's enough to dismay any commercial broker. After all, the teleworking trend could translate into a significant decrease in the need for commercial office space.