TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer interviewed CBRE Group's (CBRE) - Get CBRE Group, Inc. Class A Report CEO Bob Sulentic on CNBC's Mad Money. Sulentic isn't worried about commercial real estate vacancy in New York.
What's amazing is he said it's the tightest -- 4 year expansion. Usually at this stage in a 4 year expansion, there's overbuilding - but there is no overbuilding and that is important," Cramer said.
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