NYC Real Estate Market Resilient to Taxes, CBRE's CEO Says

Real estate services giant CBRE Group Inc. is optimistic about long-term growth in New York City, its chief executive officer said, even as companies are drawn to lower-tax markets in the US.

While CBRE has seen strength in places such as Texas and Florida, New York remains its biggest market in the world, Bob Sulentic said in an interview with Bloomberg Television.