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Top Cities: Hessam Nadji
CPE asked a number of investment sales brokerage executives about the cities they recommend that their clients consider. Excerpts of their responses appeared in the September 2013 Special Report. Following is the full response from Hessam Nadji, senior vice president & managing director for Marcus & Millichap Real Estate Investment Services. Be sure to read the full responses of the other executives, as well! As the recession bottomed and the economic recovery began, investors targeted primary large metros such as Chicago, New York, Los Angeles, San Francisco, Washington D.C., Dallas and Houston. The more diverse economies of the major metros underpin…
Top Cities: James Kuhn
CPE asked a number of investment sales brokerage executives about the cities they recommend that their clients consider. Excerpts of their responses appeared in the September 2013 Special Report. Following is the full response from James Kuhn, President, Newmark Grubb Knight Frank. Be sure to read the full responses of the other executives, as well! The traditional investor wants to buy in a supply-constrained environment, and the traditional five supply-constrained markets are Washington, Boston, New York, San Francisco and L.A. in office and to a lesser extent multi-family. What happens when those investors can’t buy in those markets because the pricing…
Top Cities: Jay Koster
CPE asked a number of investment sales brokerage executives about the cities they recommend that their clients consider. Excerpts of their responses appeared in the September 2013 Special Report. Following is the full response from Jay Koster, President of the Americas Capital Markets, Jones Lang LaSalle Inc. Be sure to read the full responses of the other executives, as well! There simply aren’t enough good investment opportunities available when balanced against the capital that desires to get placed in the real estate space. That continues to drive the core markets. Last year, San Francisco and Seattle were huge. There was less activity…
Top Cities: Dwight Hotchkiss
CPE asked a number of investment sales brokerage executives about the cities they recommend that their clients consider. Excerpts of their responses appeared in the September 2013 Special Report. Following is the full response from Dwight Hotchkiss, President, Brokerage Services l USA, Colliers International. Be sure to read the full responses of the other executives, as well! The markets which continue to see the greatest activity are the gateway cities along the coasts: Southern California, Northern California, Seattle, Miami, New York and Boston. Despite challenges in the Rust Belt (e.g. Detroit and Cleveland), there are several Midwest cities that have seen interest,…
Top Cities: Christopher Ludeman
CPE asked a number of investment sales brokerage executives about the cities they recommend that their clients consider. Excerpts of their responses appeared in the September 2013 Special Report. Following is the full response from Christopher Ludeman, President of the Capital Markets, CBRE Group Inc. Be sure to read the full responses of the other executives, as well! I would not see a radical change in areas of preference relative to U.S. cities for investment from a year ago. The coasts continue to attract greater interest than does the middle of the country, largely driven by the flow of jobs as well…
Future Footprints: Spotlight on Space Needs
In the office sector, reduced footprints seem to be the new normal. Occupants aim for an environment that promotes collaboration, efficiency and cost savings. While there is a good deal of truth to that generalization, recent research suggests that occupants are taking a nuanced view of these evolving trends.
Rx for the New Office
As the office development pipeline picks up steam, some recently completed projects exemplify what tenants will be looking for in the next generation of offices.
Best Practices for Lighting Replacement
By Brad Berton, Contributing Editor Parking-lot and other common-area lighting retrofits are anything but no-brainers — notwithstanding the ever-widening performance gaps between aging legacy systems and LED and other 21st century technologies. Local electricity rates, along with rebate program particulars, are key economic factors helping determine whether LEDs or HIDs make more sense for a given parking lot, according to Kimco Realty Corp. manager of energy services Nate Mitten. Planned hold periods can also affect selection of lighting systems, not to mention determination of a lot of other retrofit elements, he added. If a center is not expected to remain…
Lending ‘Bubble’?: Interview with Sam Chandan
In an interview with CPE, Sam Chandan, chief economist of Chandan Economics, answered questions about the magnitude of current credit risks.