But Matthew Green, head of research at CBRE, also notes that the city is vulnerable to economic shifts.
"The economy needs to be strong, companies need to be hiring to demand more space, " CBRE's Mr. Robalinho says.
New Jersey's industrial vacancy rate hit 11.7% in the first quarter of 2010, according to CBRE Group Inc.
Twenty-five spaces once occupied by law firms are on the market for sublease in New York, according to CBRE Group Inc.
Brokers from CBRE Group represented CBRE Global Investors in the building sale.
Hines announced plans for the 28-story tower on 40th Street and Sixth Avenue in August and tapped CBRE to market it to tenants.
If the deal closes as expected, CBRE will be rewarded for the gutsy outlook one of the fund's principals maintained at the bottom.
Real estate firm CBRE Research's most recent survey of office rents found that Tokyo was the most expensive--with the prime business districts of Mumbai close behind.
"In the law firm industry in New York today, there's a little bit of a seesaw effect, " says Ken Rapp, a broker in CBRE Group Inc.
"Traditionally, East London has had a buy-to-let system, but that will change, " said Matthew Black, head of the East London team at real-estate firm CBRE Group.
While Singapore's official government residential-property indexes show that prices edged up in the city-state last quarter from the quarter before, property consulting company CBRE Group Inc.
Analysts are expecting CBRE to report earnings of 49 cents per share, up 6.5% from a year ago when it reported earnings of 46 cents per share.
According to consultants CB Richard Ellis (CBRE) the money to be made from the development would not be sufficient to fund the provision of infrastructure such as public transport, roads and schools.
"If the business case is to make the mall a better mall, that's a hard case to make today, " said Spencer Levy, executive managing director of capital markets for CBRE Group Inc.
Moreover, newly built office space in the area is in short supply, said Mary Ann Tighe, chief executive of the New York region for CBRE Group Inc. who is handling the leasing on behalf of Hines.
Back in 2009, Mike Burrichter, a principal of CBRE Global Investors, was one of the few optimistic voices who said it still made sense to buy partially vacant buildings and add value by leasing them up.
"This could reflect some increase in risk tolerance with more positive investor sentiment generally in response to reduced uncertainties over the euro zone, " says Peter Damesick, chairman of research in Europe, the Middle East and Africa for CBRE.
Tesla's decision to locate the new European Distribution Center in Tilburg is the result of almost two years of on-going cooperation between Tesla, BOM Foreign Investments, NFIA (Netherlands Foreign Investment Agency), CBRE Group, Inc. and the City of Tilburg.
ENGADGET: Tesla to open a European distribution center for EVs in the Netherlands this month
In the January 17 issue of The New York Times, Matt Van Buren, president of the New York tristate region of CBRE Group ( CBG) explained the strength of the Manhattan submarkets: The Midtown South market is obviously coming off of a very strong 2012.
The success of Mapletree Greater China's IPO, which is also Singapore's biggest REIT listing on record, "would give a positive spin on the Singapore REIT market" and set the stage for further REIT listings this year, said Nick Crockett, executive director at CBRE Capital Advisors, a property consultancy firm.
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