A Bisnow buddy snapped Billingsley Co partner Lucy Billingsley(like we have to tell you who she is) hamming it up between C. Pharr & Co owner Cynthia Pharr Lee and Behringer Harvard Op REIT II board member Christine Breck, also founder of the Texas Wall Street Women and Source Trading principal. The occasion was the second annual Texas Wall Street Women statewide charity event, benefiting the Foundation for the Education of Young Women, on May 5 in Dallas. Lucy was the only CRE type on a panel discussing the investment outlook. While other panelists bemoaned stock market manipulation, national debt, crazy gold markets, lack of bank lending, and so on, Lucy said real estate is always cyclical, but the assets don't disappear overnight ala Bernie Madoff. Lucy says she's raised her daughter like Trammell Crow raised her: never even considering that they had an option NOT to work.