Search
 

Realvest Brokerage Revenue Up 17%

ORLANDO-Sales deals are up; leasing transaction volume is down; and the introduction of more small bay warehouse facilities has helped the 15-year-old, suburban Maitland, FL firm survive during the economic downturn, company president George D. Livingston tells GlobeSt.com.

By Alex Finkelstein | Updated on July 28, 2003

ORLANDO-NAI Realvest Partners Inc. founder and president George D. Livingston’s January prediction of a turnaround year for commercial real estate in 2003 could be fulfilled as his 15-year-old company reports an improved first-quarter performance.

Realvest posted 55 leasing deals worth $5.8 million and 20 property sales valued at $27 million for total transaction volume of $32.8 million. In first quarter 2002, the company logged 35 lease transactions worth $8.5 million and 35 property sales valued at $15 million for total transaction volume of $23.5 million.

“We have seen 17% growth in our revenue from brokerage services,” Livingston tells GlobeSt.com. “But that’s because the value of sales transactions have grown. The value of lease transactions has declined.”

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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

Copyright © 2024 ALM Global, LLC. All Rights Reserved.