2017-09-20 —

``Overall, commercial real estate origination in New York City was flat in Q2 year-over-year, at $24 billion, following a 12% dip from Q2 2015 to Q2 2016. Flat is better than down, so that sounds all right. But a closer examination shows that if the top five originations had totaled roughly the same in the second quarter of this year as in the parallel quarter the previous two years, lending would have declined year-over-year by about $2 billion.''

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