Will Senate Majority Flip Be CRE’s Black Swan Event?

Cooper: “If the Senate were to turn to a Democrat majority, it could have a negative impact on the real estate markets that hasn’t been foreseen as much; hence, the Black Swan event.”

SAN DIEGO—More relevant to CRE than who becomes our next president is whether the Senate majority will change from Republican to Democrat, creating an all-bets-are-off scenario for our industry, Avison Young’s principal and managing director of its Southern California region Chris Cooper tells GlobeSt.com. The firm recently hired Corey Martin, Stan Nowak and their agency-leasing and investment sales team in San Diego, making Martin and Nowak principals of Avison Young with a mandate to expand the firm’s San Diego and Southwest Riverside Counties’ industrial and office sales, leasing, and investment sales practice. In the coming months, Martin will also expand his practice into the Austin market to serve his clients’ growing requirements.

We sat down with Cooper, Martin and Nowak for an exclusive chat about the San Diego market, the firm’s expansion and what could impact the market going forward.