Jerry Fennelly
HAMILTON, NJ—The greatest transfer of commercial real estate isunderway and largely because the Baby Boomer generation is exitingcommercial property ownership with greater frequency as they ageout of the business and their adult children would rather have thecash, according to Jerry Fennelly, with the locally-based NAIFennelly. Among his current assignments, he recently won a listingto sell a medical office property and additionally, the majorityinterest of a commercial condo project near the medical officebuilding.
Fennelly has been noticing a pattern among sellers.
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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.
