On July 1, John J. Kerin, former senior vice president andmanaging director of Marcus & Millichap Real Estate InvestmentServices, became the firm’s president and CEO. He replaced HarveyE. Green, whose retirement was revealed a few months ago after 29years at the firm. According to chairman George M. Marcus, Kerin,who has been with the firm since 1981, has been instrumental in thedevelopment of its sales efforts and expansion of new offices. WestCoast region editor Natalie Dolce caught up with the new chief todiscuss his views on the market and where it’s headed, as well ashis ongoing strategy for Marcus & Millichap.
NATALIE DOLCE: What is your outlook for the market inboth the short and long terms?
JOHN J. KERIN: In the short term, the worst isover, both in terms of occupancy declines and sales-transactionvolume. Vacancies for apartments already peaked, renter demand iscoming back stronger than anticipated and property owners are juststarting to get some pricing power in a number of markets.Industrial absorption has also turned positive, which is animportant early indicator of an economic recovery because it showsthe improvement in the production and movement of goods. Industrialvacancies may not start to decline measurably until next year dueto an overhang of new supply.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
