Red flags for real estate: Are dark clouds looming?

From the August issue: In a Wall Street Journal op-ed last month, Boston Properties Chairman Mort Zuckerman voiced concerns about the economy, and especially the listless growth of the job market. “The country needs a real recovery, not a phony one,” the mogul wrote.

His viewpoint stands in stark contrast to much of the economic news Americans have heard over the past few months, and especially to the buoyant mood felt in New York City real estate. [more]