Economy

Altus Group says CRE executives also are concerned about the impact of natural disasters on the US economy in 2018.

“While there is a lot of 'nit-picking' about what's not perfect, from a property markets perspective, this is about as good as it gets,” says Kevin Thorpe at Cushman & Wakefield.

For the second year in a row, Los Angeles snags the number one spot in the global cities index, which measures economic outlook and investment activity.

However, the full-year 2017 total of $1.23 trillion represented the smallest year-over-year gain since a 2.6% decline in construction spending for 2011.

GlobeSt.com speaks with RETS Associates' John Colelli, who just joined the firm as director of talent acquisitions focusing on the residential market, about this sector's approach to job search and acquiring talent.

The developer describes the initiative as the largest expansion of manufacturing in New York City in more than a century.

Whatever the acquisition strategy, “the focus is on finding assets that can deliver strong yields that outpace other investment options,” says Steve Shanahan with Real Capital Markets.

Much of the sales activity in the New Jersey multifamily market in which Squires specializes is coming from long-term owners who are seeing values for older multifamily properties.