All things considered, I'd rather be in Brooklyn

Despite citywide job losses, Brooklyn is faring fairly well, with actual job increases, owing in large part to a preponderance of hot markets--health, education and social services.
Question is, will that be enough to float the real estate sector? Some 300 people convened two weeks ago at our inaugural RealShare Distressed Assets Conference and the room remained packed throughout the day, filled with folks eager to get their minds around the degree of distress we are facing and how to capitalize on it. While a lot of good, in-depth information was shared, the upshot was simple and clear--opportunity exists in the distressed assets market. But opportunity of the fundamentals variety--the type engaging leasing or development--won't be floating any boats for the foreseeable future. So go, Brooklyn. The rest of the country envies you.