The calculus for which asset classes are likeliest to demonstrate strong growth continues to shift as the pandemic appears to be receding. Patterns in labor shortages, supply chain issues and material costs have managed to solidify through the third quarter of 2021. Lee & Associates’ newly released Q3 2021 North America Market Report dissects third-quarter 2021 industrial, office, retail and multifamily findings, with a focus on where demand is moving and the challenges facing each asset class….
Growing Southern California Industrial Demand Creates Shifts in Strategy, Outlook
Industrial real estate in Southern California has become what one might conservatively call a “fast-paced atmosphere.” The presence of multiple offers, sellers pushing up values and buyers continuing to chase deals have made for constantly increasing values and activity. Christopher J. Destino, SIOR, principal at Lee & Associates, spoke to REBusinessOnline about making strategic decisions in this unusual environment. REBusiness: What is the forecast for demand in industrial properties in Southern California? Destino: The future of demand in…
California’s Population Exodus Arrives in Idaho
There has been much anecdotal discussion lately of Californians fleeing high-cost, high-density, high-traffic living for greener pastures, especially as COVID-19 made working from home a possibility for California’s high-tech workforce. This trend is not just a rumor for the residents of Idaho. Idaho is the second-fastest growing state in the nation[1], and Californians make up nearly 46 percent[2] of a new population influx that the state has experienced over the past five years. What is driving…
Office Market Takes Next Steps Toward Recovery
A turbulent 2020 only made the office market stronger, and it’s taking the renewed fortitude and versatility into a recovery of increasing opportunity. CHICAGO — The office market weathered a pandemic-fueled revolution last year, but both owners and tenants responded with impressive adaptability and endurance. Those things bode quite well for the sector’s recovery, according to Tony Russo and Ryan Freed, respectively SVP and VP at Lee & Associates of Illinois. The two discussed the office market outlook to…
Lee & Associates CEO, Jeffrey Rinkov, Named in GlobeSt 2021 Best Bosses
Click Here to View the Award Release on GlobeSt Lee & Associates CEO, Jeffrey Rinkov, SIOR, has been selected as an honoree in the GlobeSt.com/Real Estate Forum Magazine 2021 edition of Best Bosses. JEFFREY M. RINKOV Rinkov practices servant leadership. As the CEO of Lee & Associates, Rinkov oversees 65 offices and leads recruitment, expansion, initiatives and company culture. He is known for strong communication with all employees, from his fellow leaders at the firm…
Lee & Associates Named in GlobeSt 2021 Best Places to Work
GLOBEST 2021 BEST PLACES TO WORK AWARD RELEASE: Lee & Associates Commercial Real Estate Services stands out with its focus on providing employees with the ability to shape the direction of the company, as well as its local offices. The international firm, which offers brokerage, integrated services and construction services, makes a point of encouraging its brokers to become partners, shareholders, owners and leaders. The firm’s reverse-pyramid corporate structure allows for free-flowing communication and collaboration…
Lee & Associates Press Coverage: Edition 20
ABOUT LEE & ASSOCIATES Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the…
From Expanding Operations to Leveraging Technology, Lee & Associates Evolves in the Face of Change
The situation is a familiar one from the past year: 2020 changed a banner year full of promise into a difficult scenario full of fear and challenges. Jeffrey Rinkov, CEO and chairman of the board at Lee & Associates reflects on how his company took an emphasis on technology and communications infrastructure and used the past year as a time for reflection and a period to promote growth and client engagement. He also discussed trends…
Lee & Associates Press Coverage: Edition 19
ABOUT LEE & ASSOCIATES Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the…