More Brokers Jumping Into CRE, Making for Tougher Competition in the Ranks
The real estate upcycle has created a mini-boom in commercial broker ranks over recent years. The number of brokers with less than two years of experience nearly doubled in 2016 from last year, lowering average annual incomes, according to NAR’s latest profile of commercial members.
Dual Agency Transactions Under Scrutiny in California Court Case
The state Supreme Court is scheduled to consider a case that re-examines the fiduciary responsibilities borne by real estate brokers who represent buyers, sellers, landlords and tenants within the same agency or brokerage, a legal but much-debated industry practice.
Banks Slow Multifamily Lending Even as GSEs Step Up Lending Limits
U.S. banks continue to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks, according to the latest weekly bank asset numbers from the Federal Reserve.
Ulbrich to Succeed Retiring Dyer as JLL's Chief Executive
Jones Lang LaSalle’s Colin Dyer announced he will retire and step down next month after 12 years as the firm's chief executive officer. He will be succeeded by Christian Ulbrich, whom JLL had signaled would be Dyer's successor after elevating him to president in February.
Forest City Realty Mulling Sale of 'Vast Majority' of Retail Holdings
The Cleveland-based developer and owner will review strategic alternatives that could include the sale of its interest in up to 14 regional malls around the U.S. and 19 specialty shopping centers mostly located in New York City. It’s the latest effort by Forest City to boost its lagging stock price.