Iam sitting at The Montage in Laguna Beach, Calif., where we have just wrapped up our Fall Editorial Advisory Board meeting for The Institutional Real Estate Letter – North America.It was another phenomenal exchange of outlooks and opinions.

As I enjoy the nice weather and Pacific Ocean view, I reflect on how best to summarize the sentiment of the meeting’s discussions, thinking back over the dozen or so gatherings I have attended since joining Institutional Real Estate, Inc. in September 2008.

The first Editorial Advisory Board meeting I attended was during the first week of September 2008 in Half Moon Bay, Calif. We were blessed with great weather, especially considering Half Moon Bay is frequently blanketed in fog. The general mood of participants, although not exuberant, was pretty upbeat. When asked for a show of hands, the “I think we’ll mudd