(Clockwise, from top left) Randy Giraldo, TH Real Estate; George Carleton, Island Capital; Paul Boneham, Bentall Kennedy; Bill Moreno, UBS; Steve Pumper, Transwestern; Michael Desiato, ALM Real Estate Media; Brian Watkins, Clarion; and Tim McGuire, Brookfield, the Real Estate Forum/Transwestern’s 13th Annual Capital Markets Symposium, held at The Core Club in New York City, on December 6, 2017.

By any yardstick, commercial real estate remains among the most attractive investment vehicles available, especially in the US. Fundamentals- both economic and property-level – remain strong, interest rates remain historically low and ROI compares favorably with many of the alternatives. Yet data from Real Capital Analytics and other sources point to year-over-year declines in transaction volume across many asset classes for 2017. And judging by the comments of those gathered for the 13th Annual Capital Markets Symposium, hosted by Real Estate Forum and Transwestern, the experiences of institutional investment heavyweights bear the numbers out.