Lee & Associates, the largest broker-owned commercial real estate firm in North America, has announced that Brian Lynch, president of Lee & Associates New Jersey, has been named Chief Strategy Officer in charge of East Coast Expansion.“After continued successful U.S. expansion and growth into Canada and Europe, Lee & Associates is committing additional resources to continue expanding our East Coast presence,” said Jeffrey Rinkov, CEO of Lee & Associates. “Brian brings an excellent understanding…
Monthly Download | Construction Update | February 2017
Adding 20 million square feet in 2016, the Philadelphia industrial market ended the year with nearly 1.1 billion square feet of inventory. To bring this market into focus, Lee & Associates of Eastern Pennsylvania (LAEP) focuses on our Core Data Set (CDS) — specifically buildings 100,000 SF and greater. We also apply this criteria when tracking development and construction activity across the market.In 2016, Central Pennsylvania and the Lehigh Valley accounted for over half of…
From Birdland to “La La Land” – Jazz Music Still has a Pulse
In this year’s hit motion picture “La La Land,” which ties the record with 14 Oscar nominations including the award for Best Picture, the character played by Ryan Gosling aspires to open a jazz club. There’s a scene in the film in which the young pianist is questioned by a fellow musician: Why is he willing to invest in a musical form with virtually no modern-day commercial appeal?If Gosling’s character won’t heed the advice of…
In the Crosshairs of Tax Reform: 1031 Exchanges Become a Target Again
You may have heard us beat the drum in 2014: “Help us save 1031 Exchanges”. Here we are 3 years later with an even more pressing message: “Help us save Commercial Real Estate.” Tax Reform is on the forefront of the new Administration’s agenda and we need to make sure that history doesn’t repeat itself. In 1986 Congress hastily enacted Tax Reform that eliminated passive losses, but the unintended consequences plunged the real estate market…
Monthly Download | 2016 Year-End Market Update | January 2017
The Philadelphia industrial market grew another 20 million square feet in 2016, ending the year with nearly 1.1 billion square feet of inventory. Within this massive inventory, Lee & Associates of Eastern Pennsylvania focuses on our Core Data Set (CDS) — specifically buildings 100,000 SF and greater. Our two largest submarkets, Central Pennsylvania and the Lehigh Valley, accounted for over half of the new construction activity in 2016, adding 5 million square feet and 6.8…
Lee & Associates Opens First Office in Pacific Northwest
The national CRE firm opens office in Seattle SEATTLE, Wash.—December 20, 2016—Lee & Associates, the largest broker-owned commercial real estate firm in North America, has announced the opening of its first office in the state of Washington. Lee & Associates Commercial Real Estate Services, doing business as Northwest Lee & Associates, has opened an office in downtown Seattle. The company is headed by industry veteran Jim Bowles in partnership with long time brokerage leader Richard…
The Industrial Yield Squeeze Is On
NEW YORK CITY—Executives of Lee & Associates recognize the need for regulations governing storm-water management and green area in general, but are quick to note the impact that these factors have on development yields. Riorda: “As real estate experts, we need to be cognizant of the effect of regulations and related fees, and their collective impact on rental rates.” NEW YORK CITY—Outsiders to the industry may praise developers for their attention to environmental issues such…
John Van Buskirk, SIOR Elected to Serve on the National Board of Lee & Associates
Camp Hill, PA, October 18, 2016 – Lee & Associates of Eastern Pennsylvania LLC is pleased to announce that Principal and Broker of Record John Van Buskirk, SIOR has been elected to the Lee & Associates Board of Directors. The eight-person Board, led by Chairman and CEO Jeffrey Rinkov, is selected from among the Principals of the Lee offices across the US and Canada. As a 28 year industry veteran, founding Principal of Lee &…
Is the Lehigh Valley the next ‘Inland Empire’?
With its proximity to the ports of New York, robust interstate system and rapid growth in distribution centers, the Lehigh Valley could be poised to become the nation’s second “Inland Empire” for freight, joining the one just east of Los Angeles, according to an expert panel that gathered Wednesday in Bethlehem for the Lehigh Valley Planning Commission’s annual Build LV development summit at SteelStacks. As the region’s warehouse market footprint bulges and grows together with…