3) It's tough finding lucrative office deals.

KABR Group managing member Adam Altman says the capital markets are willing to go out there and lever up. “There’s just a shortage of opportunities that you can make money in,” he says. HFF senior managing director Jose Cruz says in the heady days of ’07 (memories light the corner of my mind…) there were mostly institutions investing, but now we’re seeing more private buyers or those backed by the Angelo Gordons or Starwood Capitals of the world.

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