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Ahead of the Game

New York
Ahead of the Game
Apartment Realty Advisors' David Oelfke, Transwestern's Vivian Oelfke, and Transwestern's Larry Heard
Knowledge markets—regions heavy on government, education, tech, and energy—will lead the CRE recovery, said Transwestern CEO Larry Heard yesterday at Bisnow's second Houston Breakfast & Schmooze. Good news for NYC: that's us (and Houston, DC, Boston, Raleigh/Durham, and Austin). Our Houston reporter snapped Larry (far right) with co-panelist Apartment Realty Advisors' David Oelfke and his daughter Vivian, an intern with Transwestern's marketing department. He notes that Houston and these other cities are in the midst of a significant (though “lumpy”) capital markets recovery, but not yet a recovery of fundamentals. And more recreational markets, like Las Vegas, Phoenix, South Florida, and part of California will lag.