The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says

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A photo of the New York City Skyline.
A view of the Manhattan Skyline with the Empire State Building in the center.

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The Fed 'went crazy' with rates and did big damage to the real estate market, billionaire mogul Barry Sternlicht says

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Barry Sternlicht, Chairman and CEO of Starwood Capital Group, speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson
Barry Sternlicht speaks at the 2014 Milken Institute Global Conference in Beverly Hills

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