During the recent 2008-2010 downturn, nurse office vacancy climbed to 18%, which is not far from previous highs in 1992 and 2002. Given the unprecedented level of job losses in the Great Recession, 2.3 million office-using jobs and 8.4 million total jobs, the office vacancy rate should have risen far more. The...Read more
When a distressed portfolio of 13 former Mervyns stores came to market in California and Arizona recently, ampoule several of the nation’s biggest brokerages competed for the deal, there valued at more than $100 million. But to the surprise of its rivals, the company picked...Read more
Office Investment Remains Robust, With More Markets, More Property Types Showing Improvements.
Preliminary data for the first quarter of 2011 show office property sales have come in strong. However, not all markets and property classes are benefiting equally -- top-quality assets in the top five...Read more
We all get knocked down from time to time—it’s part of what makes life interesting… always keeping us alert and on our toes. I recently shared a perspective in a keynote presentation I did that helped reshape my view of obstacles and life’s difficulties; this might help you too… My...Read more
Whether our clients know it or not, they need a different approach to problem solving. That’s why the brokerage industry is changing its business model. We have to be stronger, smarter and better aligned with our clients to have any chance of converting the limited number of opportunities out there.
Commercial real estate...Read more
Did you know…. Beethoven was told by his music teacher that as a composer, online he was hopeless. Walt Disney was fired by a newspaper because he had “no good ideas”. Thomas Edison was told by his teacher that he was too stupid to learn anything. Albert Einstein was four yrs old before he spoke. He...Read more