LOS ANGELES-“The industry has become global industry,” saidHarvey Green, outgoing president and CEO of Marcus & Millichap,at a recent RealShare 2010 event when asked how the industry haschanged over his career. “When I joined the industry, it was farmore localized.” Technology, he said, has also had a huge impact onthe industry in the way in which real estate operates and in theway it trades.
As for liquidity back in the marketplace, Green said that he reallyisn’t seeing things loosen up yet. “I think we all want that but Ithink there is a large amount of CMBS that needs to work its waythrough the marketplace.”
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