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‘Bad’ vs ‘Balanced’ —Translating this week’s headlines

By: Karlin Conklin, Principal & Executive Vice President, Investors Management Group Published: July 19, 2019 CNBC reported this week that The American Institute of Architects (AIA) Architecture Billings Index fell into negative territory in June. The article’s headline “Bad sign for commercial real estate” is eye-catching for multifamily investors, although the message isn’t “bad” so much as “balanced.” Softer demand for architectural services points to a slowing commercial real estate pipeline. It’s unfortunate news for…

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