"Our second quarter results reflect strong growth in industrial leasing and investment sales as well as a pickup in office leasing, says chief financial officer Brian Parker, whose company's fiscal year begins July 1. "We forecast the economy in 2005 will grow enough to continue to push vacancies lower, but not enough to derail investment sales."
The real estate services company was able to post a 5.4% increase in net income during the quarter to $7.9 million. Transaction service fees were up 8.7% in the second half of 2004 compared to the same period the previous year.
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