Commercial Property Executive July 2011 : Page 1

CPExecutive.com JULY 2011 Billy’s Back Younger Macklowe Assembles New Team, Capital Sources 20 Byron Carlock Expands Focus for Non-Traded REIT CNL Lifestyle Advisors 25 CPE-MHN Ranking: Most Powerful Brokerage Firms 11 Investors Exchange: Risks and Rewards 37

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