December 4, 2019 – The industrial real estate sector, traditionally known as the land of big, boring boxes, has become the darling of real estate amid the growth of e-commerce. Investors have poured hundreds of billions of dollars into industrial properties over the last five years alone, and not even the prospect of new construction potentially outpacing demand has tempered enthusiasm. “With online sales continuing to grow at a faster rate than general retail sales, there…
Brisk Williamsburg Retail Leasing Sparks Tenant Experimentation, Further Growth
October 22, 2019 (NEW YORK, NY) – Retail flagship stores continue to spring up all over Williamsburg, Brooklyn. To compete for and cater to residents in what is one of Brooklyn’s most expensive submarkets, new and existing retailers are innovating their offerings outside of their traditional lane. Williamsburg retail leasing has been resilient through the L-train shutdown that transitioned to a “slowdown” when New York Gov. Andrew Cuomo remixed the 18-month renovation. Uninhibited from further growth…
Lee & Associates Plans 2020 Road Map
October 21, 2019 (LOS ANGELES, CA) – Expansive. That’s how Jeff Rinkov, CEO of Lee & Associates, sees the next year shaping up, both on a macro level for commercial real estate generally and more specifically for the firm he helms. For Lee, currently marking its 40th anniversary, that expansion trend builds on a theme. Rinkov reports that, fresh on the heels of opening new branches throughout the year–mostly in Eastern markets such as Washington, DC;…
Lee & Associates’ Warren Berzack Named Influencer in Multifamily by GlobeSt.com
October 11, 2019 – Warren Berzack is a leader in the multifamily market. In 2018, he was named the leading multifamily broker at Lee & Associates and Real Estate Forum named him one of the top 50 brokers under 40 and one of Tomorrow’s Leaders. With more than 20 years of industry experience, Berzack serves as the national director of the Lee & Associates multifamily advisory group. Over the last eight years, he has grown the…
Cushman & Wakefield Capital Markets Team Jumps Ship to Lee & Associates
October 2, 2019 (FORT WASHINGTON, PA) – Locally-based commercial real estate brokerage firm Lee & Associates reports it has added four capital markets and asset services professionals to its operations here. All four executives—Bob Yoshimura, Joe Hill, Eric Mattson and Bruce Gordon—until their respective moves to Lee & Associates, held executive-level positions with Cushman & Wakefield. Yoshimura, Hill and Mattson, will continue to focus on institutional owners, such as large pension fund advisers, REITs, insurance companies…
Lee & Associates’ Brian Pohl: Chicago Apartment Demand Reaches All-Time High
For the Chicago region’s multifamily sector, the current environment marks both a high watermark for development and investment sales, and a tipping point in terms of emerging challenges. These range from obtaining joint venture equity to higher assessment valuations. Connect Media asked Lee & Associates principal Brian Pohl, who specializes in the acquisition, disposition, and placement of real estate investments in greater Chicago and throughout the Midwest, to map out the market’s terrain. Q: Across…
Phoenix Rising: A Tale of Secondary-City Strength
August 28, 2019 (PHOENIX, AZ) – Affordability and a healthy return on investments are just two of the reasons why younger renters and diversifying investors are migrating to multifamily opportunities in secondary markets. Arguably no metro in the country exemplifies these trends more than Phoenix. Just ask Todd Braun, the principal at Lee & Associates, Arizona. Actually, you don’t have to. We did. And in this exclusive interview, he told GlobeSt.com. GlobeSt.com: So let’s start with the…
Last-Mile Access to Customers Drives Distribution Center Conversions
August 20, 2019 (NEW YORK, NY) – E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers….
Lee & Associates’ Reed Vestal Named 2019 Connect Media Next Generation Award Recipient
August 15, 2019 (HOUSTON, TX) – Reed Vestal, principal and partner with Lee & Associates — Houston, focuses on industrial, land and investment brokerage. He also manages the office by devising and executing business strategy. And, his hard work on behalf of clients, as well as dedication and tenacity, make him one of the youngest brokers to be named principal in the Houston office, and partner through the Lee & Associates national network. “Throughout his time…