GlobeSt.com Features Lee & Associates Industrial & Multifamily Research The current economic headwinds have been a cause for alarm in certain sectors. Not so for industrial and multifamily, however. With US industrial vacancy at 4% and multifamily’s pipeline tightening, the data from Lee & Associates’ Q3 2022 Market Report shows both sectors have room for rent growth. It’s a story about fundamentals that point to continued strength, according to Jeff Rinkov, CEO of the broker-owned real estate services firm….
Rising Interest Rates, Inflation Lead Investors to Reassess Which CRE Assets to Pursue
WealthManagement.com Features Lee & Associates New York City’s Ben Tapper Rising interest rates, inflation and fears of a recession are starting to change the calculations of how to get the best returns for commercial real estate investors. Should they continue to favor multifamily and industrial assets, which have served them well through the pandemic disruption? Or switch to higher risk, but higher yield investments? It looks like the best approach might be combining the…
Six Factors Helping to Power Interest in Multifamily Markets
When the pandemic engulfed the world last year, few analysts predicted that the multifamily sector would flourish and thrive so well. Most suspected that the sector would be on life support. Yet, despite a year-long national eviction moratorium, there hasn’t been a better time to be a big apartment-building landlord. Multifamily-property values have increased 13 percent since before the pandemic and more money is being invested now in apartment buildings than in any other type…
Lee & Associates Breaks Down Third-Quarter Economic Outlook by Sector
The calculus for which asset classes are likeliest to demonstrate strong growth continues to shift as the pandemic appears to be receding. Patterns in labor shortages, supply chain issues and material costs have managed to solidify through the third quarter of 2021. Lee & Associates’ newly released Q3 2021 North America Market Report dissects third-quarter 2021 industrial, office, retail and multifamily findings, with a focus on where demand is moving and the challenges facing each asset class….
California’s Population Exodus Arrives in Idaho
There has been much anecdotal discussion lately of Californians fleeing high-cost, high-density, high-traffic living for greener pastures, especially as COVID-19 made working from home a possibility for California’s high-tech workforce. This trend is not just a rumor for the residents of Idaho. Idaho is the second-fastest growing state in the nation[1], and Californians make up nearly 46 percent[2] of a new population influx that the state has experienced over the past five years. What is driving…
Lee & Associates Named in GlobeSt 2021 Best Places to Work
GLOBEST 2021 BEST PLACES TO WORK AWARD RELEASE: Lee & Associates Commercial Real Estate Services stands out with its focus on providing employees with the ability to shape the direction of the company, as well as its local offices. The international firm, which offers brokerage, integrated services and construction services, makes a point of encouraging its brokers to become partners, shareholders, owners and leaders. The firm’s reverse-pyramid corporate structure allows for free-flowing communication and collaboration…
Lee & Associates Press Coverage: Edition 19
ABOUT LEE & ASSOCIATES Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the…
Lee San Diego Represented the Seller of a 132K SF Lot with 75 Apartments for $9.6M in El Centro, CA
Click Here to Read the full Article on the San Diego Business Journal An El Centro apartment complex was sold for $9.6 million in a deal brokered by San Diego commercial real estate agents. Imperial Properties LLC, represented by Ricardo Lopez of ACI Apartments, bought the 71,250 square-foot complex at 699 Wake Ave. Built on a 131,986 square-foot lot with 75 apartments in seven two-story buildings, the complex was sold by Villas Bonitas LLC represented…
Lee & Associates’ Warren Berzack Named Influencer in Multifamily by GlobeSt.com
Warren Berzack of Lee & Associates featured in Globest.com in this latest edition of Influencers series spotlighting the multifamily asset class. 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…