Clients of Michel and Russi include American Express AmeripriseFinancial, Apollo Real Estate Advisors, Behringer Harvard Funds,Brookfield Properties, GE Investment, Kennedy Associates, MarineEngineers Beneficial Association, Morgan Stanley, Polinger Company,National Association of Counties, Shorenstein Realty Services andWereldhave Management USA.
At Transwestern, they will represent both tenants and landlords indeals in the District. For the moment, this is still a tenant'smarket, Russi tells GlobeSt.com, although less so than it was 10months ago. "The general feeling is that concessions will flatten out--but they are still higher than what they have been." By 2013, he predicts, DC will be performing closer to its historical levels.
Transwestern is still looking to fill a gap in its multifamilyplatform left by the departure last month of Al Cissel and ScottMelnick, who joined Jones Lang LaSalle's Capital Markets business.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
