X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Net-Net – 09.14.2010Tomorrow is the second anniversary of Lehman Brothers bankruptcy filing. It has been a tumultuous two years since that incredible weekend when the global banking system faltered at the brink of a meltdown. The repercussions on the world economy have been almost as dramatic as during the Great Depression, and the aftershocks continue today as the US economy struggles to fully recover. On the real estate front the business landscape continues to adjust to the market reset. There is an interesting trend that is beginning to follow historical patterns and is important to watch. Big firms are getting bigger. The major players such as commercial-service companies, healthy investment platforms and operating companies are getting bigger and more globally dominant through mergers and the acquisitions of smaller firms or teams. On the other hand, small, innovative niche platforms are emerging to fill in the gap left by the middling businesses that have been shut down or merged out of existence. Mid-level boutiques are a dinosaur of the past. These new emerging enterprises will gain strength and present a formidable alternative in the real estate space in which they serve and operate.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities LOCATE A JOB

COSTAR GROUP Account Executive (FORT LAUDERDALE) CoStar’s Account Executive is responsible for growing revenue through the sales of CoStar’s marketing and information products to subscribers and non-subscribers within a specific geographic territory and, managing an existing book of business.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.