"Big changes under way in the U.S. commercial real estate industry aren't shaping up the way most brokers anticipated," says Livingston, chairman/founder, NAI Realvest Partners Inc., Maitland, FL.
Just back from the REALCOM conference on commercial real estate technology in Las Vegas, Livingston says "rumors were rampant" on the continuing consolidations and mergers of national brokerages.
"Major consolidations in the U.S. have reduced the number of large-scale brokerage companies to six and most commercial brokers anticipate that further consolidation will result in only two or three large U.S. firms," Livingston says.
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