Industry Insights

“The post-election financial and federal tax and regulatory environments pose both positive and negative consequences for commercial real estate, according to CBRE Americas head of research Spencer Levy. “

The full recap article of the presentation covers topics including:

• Cap Rates
• Interest Rates
• Income Tax Rates
• Capital Gains Rates
• 1031 Exchanges
• Import Tax
• Low-Income Tax Credits

Read the full article here: CBRE Research Head Discusses Future Of CRE Under GOP Leadership

Originally published by Patricia Kirk on March 2, 2017 at Bisnow.com

While there may be differing opinions regarding where in the cycle the hospitality market is, hotel development experts agree that San Diego’s tourism0driven economy is still a hot bed for hotel development.

Stay in tune with the hospitality developments happening here in San Diego with this panel discussion recap: Hotel And Tourism Gurus Discuss Why San Diego Is A Hot Market For Hotel Development

Building Careers also works with a handful of local hospitality investors and developers. If you are looking to grow your career in the hospitality sourcing and acquisitions side of the business, contact us!

As a CREW (Commercial Real Estate Women) member for nearly 10 years, I found some of the data in the CREW 2015 Benchmark Study startling. Take note of the highlights below:

Women in #CRE are more satisfied with career success and closer to the C-Suite than ever.

More women fill SVP, managing director and partner positions in CRE than ever.

An ‘aspiration gap’ exists between men and women in #CRE: 28% of women aspire to the C-suite vs. 40% of men; 47% of women aspire to the senior vice president, managing director or partner levels.

The #CRE industry median annual compensation is $115,000 for women and $150,000 for men – an average income gap of 23.3%.

Women in #CRE view relationships with internal senior executives as the #1 factor supporting their future advancement. How does mentoring in your organization stack up?

While women in #CRE continue to strive for parity, industry leaders must take action to implement change.

Thanks CREW! View the full study and takeaways here:

Take a look at the magnitude of Commercial Real Estate Development’s Economic Contribution.

CRE Development:

Contributes $528 billion to GDP. Creates and supports 3.9 million jobs. Yields $168 billion in wages and salaries.

Proud to be a part of this economic powerhouse!

See a the copmlete article and video here: Commercial Real Estate Development and its Contribution to the Economy

Originally published by NAIOP in Economic Impacts of Commercial Real Estate, 2015 Edition on March 07, 2016

San Diego is becoming more respected on the international stage as companies like Bosa Development are changing the downtown San Diego skyline with iconic buildings such as Pacific Gate. The city is looking forward to the major developments coming to the city in the near future, which will bring jobs and continued prosperity to this thriving city.

Read the full article on this pioneering building design here: How Pacific Gate Will Reshape Downtown San Diego’s Skyline

Originally published on GlobeSt.com on March 8, 2016 by Carrie Rossenfeld .author-meta

“The 2016 Winter/Spring Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey signals continued confidence among developers through 2018–indicating both the probability of new supply and of opportunities for new investment. The biannual survey projects a three-year-ahead outlook for California’s commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors.”

The Survey, taken by California’s commercial real estate industry leaders in December 2015, indicates a favorable commercial construction outlook. “The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient building on the supply side.” The results of the surveyed panelists signal a continuation of the growth of non-residential construction at or above previous peak levels.

Survey higlights include:

• Office Development Sentiment Positive with Southern California in Spotlight
• Ecommerce Has Unlikely Impact on Retail Development
• Multi-family Construction to Hit 25-year High
• Industrial Sector Grounded by Strong Fundamentals

View the full survey here: http://www.allenmatkins.com/ucla

Published on January 27, 2016