We’ve all heard of the upsurge of traditionally secondary cities, especially as millennial’s establish themselves in markets that provide a host of made-for-the-market amenities. That’s why Lee & Associates’ Todd Braun is bullish on the Phoenix multifamily. August 28, 2019 (PHOENIX, AZ) – Affordability and a healthy return on investments are just two of the reasons why younger renters and diversifying investors are migrating to multifamily opportunities in secondary markets. Arguably no metro in the…
Last-Mile Access to Customers Drives Distribution Center Conversions
August 20, 2019 (NEW YORK, NY) – E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers….
Lee & Associates’ Reed Vestal Named 2019 Connect Media Next Generation Award Recipient
Next Generation Honoree: Lee & Associates’ Reed Vestal is Tenacious, Driven and Dedicated August 15, 2019 (HOUSTON, TX) – Reed Vestal, principal and partner with Lee & Associates — Houston, focuses on industrial, land and investment brokerage. He also manages the office by devising and executing business strategy. And, his hard work on behalf of clients, as well as dedication and tenacity, make him one of the youngest brokers to be named principal in the Houston…
GlobeSt.com Names Two Lee Principal’s as Women of Influence
GlobeSt.com has released their annual Women of Influence issue. This is the 26th year that they have covered the achievements of women in commercial real estate. Included are accounts of developments and deals and huge client wins as there are every year. In recent years, including this one, a change is in the air. The deals are getting bigger, the wins more numerous. Indeed, the number of women being recognized for their accomplishments is growing larger by the…
Complexities of Cold Storage Keep Supply Low as Demand Rises
With a booming tourism sector and a growing population overall, South Florida is an especially strong marketplace for cold storage warehouse space. It’s also a vantage point from which Lee & Associates South Florida’s President, Matthew Rotolante, a cold storage specialist, can provide insights into why demand in the sector is growing but supply is not. Q: We’ve been hearing that demand for refrigerated warehouse space is on the rise. Is supply keeping up with…
Lee’s Tale of Not Two, but Three Cities
The retail transformation is alive and well on both coasts. So say Lee & Associates brokers from L.A., Charleston and Manhattan. Of course, there are major differences, allowing for size and local market culture, as Lee & Associates brokers explain. How are Charleston, L.A. and New York City alike? Well, two out of three ain’t bad. For the former two metros, they’re alike in more ways than you would think, allowing of course for local…
Bricks to Clicks: Online Stores Get Real
Take an online concept, add some brick and mortar and a pinch of Wow Factor, and before long you have a successful format. So say the brokers of Lee & Associates. May 16, 2019 (NEW YORK, NY) – “Many online retailers that started opening brick-and-mortar stores have seen anywhere from a 30 to 40% increase in sales.” So says Rick Scardino, a principal in the Chicago office of Lee & Associates. He and his Temecula, CA-based…
Lee & Associates’ John Orr Named Influencer in Retail by GlobeSt.com
John Orr from Lee & Associates in Charleson is named one of the Retail Influencers in Globest.com JOHN ORR John Orr is the retail services director of Lee & Associates in Charleston, specializing in retail brokerage throughout the Carolinas, while also serving clients nationwide. Over his 30-year career, Orr has completed millions of square feet of retail transactions, including leases, acquisitions, dispositions and build-to-suit developments. His mission is to create value for clients through active…
The Fitness Trend: Getting Real Estate In Shape
Former professional soccer player Justin Myers now a partner at Lee & Associates NYC explains how fitness is growing in importance in real estate including with the office sector. February 12, 2019 (NEW YORK, NY) —One doesn’t have to be a real estate expert to have noticed the fitness trend that has taken New York City, and the nation, by storm. In addition to the big box gyms that have always existed as well as…