Brokerage News
Brokerages Report Losses, Await Distress Business
Times are tough in brokerage land these days, forcing real estate service providers to make deep expense cuts and mine for future business in distressed properties. ...
Studley Brokers New Lease for Herzfeld & Rubin In Manhattan
Studley, a tenant representative brokerage based in New York, recently secured one and a half floors of space in the 125 Broad Street building in downtown Manhattan for law firm Herzfeld & Rubin P.C....
Names in the News Roundups
Larry Downey has been named executive vice president of Cushman & Wakefield’s Phoenix office. ...
Chicago Vacancy Skyrockets as New Space Floods Market
As employers trim thousands of jobs in Chicago, the office vacancy rate is expected to soar to nearly 20% later this year, according to real estate investment services firm Marcus & Millichap....
Brokerage Articles
Lenders Forced Into Crisis Management
Debt providers forego new deals and extend loans with existing clients to minimize foreclosures...
Looking for Trouble
Commercial real estate brokerages are capitalizing on the one commodity that's in high supply: distress...
Car Dealership Closures Accelerate
While General Motors and Chrysler Corp. remain on financial life support and demand for cars and trucks wanes...
Retooling the Rainmakers
With office leasing and investment sales volume reaching new lows across the country, big brokerages are retraining idled dealmakers to become service...
Service Providers Capitalize on Distress
If counting the number of new programs announced in recent weeks by major brokerage firms to aid clients with distressed real estate is any indication,...
Brokerage Juggernaut in the Making?
No one could accuse FirstService Williams Commercial Real Estate CEO Mark Jaccom of being shy or subtle. In announcing the sale of a majority interest...
Revolving Door at Grubb & Ellis
When Scott Peters announced his resignation as CEO at Grubb & Ellis Co. in July, the sudden departure was the latest chapter in a long saga of management...
Derivatives Debut in Commercial Real Estate
With capitalization rates flattening in most markets, commercial real estate owners face the real possibility that their property values may drop for...
Fed Rate Cut May Accelerate Rising Construction Costs
The already high cost of commercial development will head higher in 2008 as a depressed dollar increases the price of fuel and materials...
Cost of Capital Proves Volatile for Borrowers
Gary E. Mozer is principal and chief executive of George Smith Partners, a Los Angeles-based real estate investment and mortgage banking shop. Last year,...
