{"id":1004133147,"date":"2015-12-04T14:01:40","date_gmt":"2015-12-04T22:01:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133147"},"modified":"2023-01-05T19:14:25","modified_gmt":"2023-01-06T03:14:25","slug":"december-issue-sunset-on-2015","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/december-issue-sunset-on-2015\/","title":{"rendered":"Sunset on 2015"},"content":{"rendered":"<p>By Suzann D. Silverman, Editorial Director<\/p>\n<div id=\"attachment_1004100644\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004100644\" data-attachment-id=\"1004100644\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/energy-matters\/sue_new_headshot-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg\" data-orig-size=\"411,197\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;3.5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D300S&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1382007108&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.0125&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Sue_New_Headshot\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Suzann Silverman, Editorial Director&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg?w=411\" class=\"size-medium wp-image-1004100644\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg\" alt=\"Suzann Silverman, Editorial Director\" width=\"300\" height=\"143\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg 411w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg?resize=300,144 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004100644\" class=\"wp-caption-text\">Suzann Silverman, Editorial Director<\/p><\/div>\n<p>Well into the economic upcycle, it\u2019s been a fun-filled year, with the promise of an exciting encore in 2016. The decade\u2019s midpoint brought us mega-mergers, Millennial-inspired maneuvers, market shifts and musings about multifamily\u2019s prospects. It also brought wild swings in the energy sector, e-commerce advancement and expanded equity availability\u2014in the form of crowdfunding, foreign capital and institutional investment. Then there were debt capital, development deals and drones. And the endless suspense over interest rates.<\/p>\n<p>Most of these trends are now familiar, a hint that relatively few surprises may be in store for 2016. For years, the aging of the Baby Boomers and the rise of the Millennials have influenced business strategies, but developers and investors continue to finesse their response, and demographic forces topped the Counselors of Real Estate\u2019s 2015 list of <a href=\"https:\/\/www.commercialsearch.com\/news\/naree-special-report-cres-top-10-trends-for-2015\/\" target=\"_blank\" rel=\"noopener\">major industry trends<\/a>. Debates continue about e-commerce\u2019s impact on brick-and-mortar retail, which landed among both the Counselors\u2019 top 2015 trends and the <a href=\"https:\/\/www.cre.org\/newsroom\/news_article.cfm?lid=2299\" target=\"_blank\" rel=\"noopener\">seven key takeaways<\/a> from its recent convention in Charlotte, N.C., as retailers become more adept at addressing consumers\u2019 needs and preferences. The search for yield, one of the Top 8 trends named in JLL\u2019s <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\/research\/capital-markets\/commercial-real-estate-investment-trends\" target=\"_blank\" rel=\"nofollow noopener\">third-quarter investment outlook<\/a>, has pushed investors to secondary and tertiary locations and value-add opportunities in top-tier markets.<\/p>\n<p>This year has also offered surprises, such as a sustained drop in oil prices after last year\u2019s shale market boom raised expectations of a new growth industry. And REIT performance finally turned downward in the third quarter, breaking a streak dating to 2013, noted JLL. Counting this shift among its Top 8 trends, the global service provider foresees a stream of mergers and privatizations.<\/p>\n<p>Indeed, so far this year\u2019s mega-mergers include the $2.5 billion sale of Associated Estates Realty Corp. to a Brookfield Asset Management affiliate and The Blackstone Group\u2019s $8 billion proposal to purchase BioMed Realty Trust. Marriott International Inc. topped them all in mid-November, announcing its intention to snap up Starwood Hotels &amp; Resorts Worldwide Inc. for $12.2 billion. Beyond the REIT realm, Cassidy Turley bookended 2015 by closing its sale to DTZ for $1.1 billion on Jan. 1 and its $2 billion acquisition of Cushman &amp; Wakefield Inc. on Sept. 1. Other trades include Blackstone and Wells Fargo\u2019s purchase of $23 billion worth of assets from GE Capital in April and, most recently, Equity Residential\u2019s $5.4 billion sale of 72 multifamily communities to Starwood Capital Group.<\/p>\n<p>What will 2016 bring? Some more of the same, to be sure. But as any industry veteran knows, it is always wise to expect a few surprises, as well.<\/p>\n<p>As the sun sets on 2015, let us also pay tribute to industry icons lost this year, among them John Zuccotti, Julien Studley, Patricia Goldstein, Kirk Kerkorian, Fred Sands and Phillip Nicholson. Though they will be missed, their contributions will be felt for years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a fun-filled year, with the promise of an exciting encore in 2016.<\/p>\n","protected":false},"author":3134,"featured_media":1004100644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788,21742,21684],"tags":[],"class_list":["post-1004133147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes","category-latest","category-viewpoint"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sunset on 2015 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/december-issue-sunset-on-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunset on 2015\" \/>\n<meta property=\"og:description\" content=\"It\u2019s been a fun-filled year, with the promise of an exciting encore in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/december-issue-sunset-on-2015\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-04T22:01:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-06T03:14:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Sue_New_Headshot.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"411\" \/>\n\t<meta property=\"og:image:height\" content=\"197\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann Silverman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/december-issue-sunset-on-2015\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/december-issue-sunset-on-2015\/\",\"name\":\"Sunset on 2015 - 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