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ACCORDING TO THE RECENTLY RELEASED RERC/CRE Real Estate Report for the fourth quarter of 1999, real estate has realized huge strides in operating efficiencies because of technology and the access to better resources. The report is a joint project between the real estate consulting firm Real Estate Research Corporation (REC), Waverly, Iowa, and The Counselors of Real Estate (CRE), Chicago. The RERC/CRE Real Estate Report made the following predictions for the next 25 years: Contrary to the earlier boom-to-bust cycles, a shift to longer, less dramatic cycles is expected; public markets will continue to discipline and influence real estate; there will be a demographic resurgence of the city; as the pace of change accelerates, so will obsolescence; and changes in technology and production will alter corporate and individual space needs. According to the report, the property types to watch are the central business district (CBD) office, apartments, industrial warehouse and neighborhood/community centers. Individual copies of the RERC/CRE Real Estate Report sell for $75. Market information about CRE is available at www.cre.org.