Economy

GlobeSt.com speaks with RETS Associates' John Colelli, who just joined the firm as director of talent acquisitions focusing on the residential market, about this sector's approach to job search and acquiring talent.

The developer describes the initiative as the largest expansion of manufacturing in New York City in more than a century.

Whatever the acquisition strategy, “the focus is on finding assets that can deliver strong yields that outpace other investment options,” says Steve Shanahan with Real Capital Markets.

Much of the sales activity in the New Jersey multifamily market in which Squires specializes is coming from long-term owners who are seeing values for older multifamily properties.

The Brooklyn developer is buying substantial property including a former Pathmark grocery and a Lowe's Home Improvement store—and donating money to train construction workers.

Facilitating the creation of cutting-edge commercial properties as well as residential developments that address the spectrum of housing needs is a major goal of Downtown San Diego Partnership, incoming president and CEO Betsy Brennan tells GlobeSt.com.

The semi-annual Allen Matkins office sentiment forecast—which GlobeSt.com has obtained EXCLUSIVELY—shows a renewed optimism for office investment.

“Risk-adjusted returns for CRE are favorable to other asset classes over the long term and provide investment diversification,” says Kenn Riggs at Situs RERC.