Bisnow Special Report: Industry Titans On What Brexit Means For US Real Estate
June 27, 2016

Bisnow Special Report: Industry Titans
On What Brexit Means For US Real Estate

Edgemoor Infrastructure's Jeff Fullerton on Long Beach Civic Center makeover, a $520M public-private partnership project.

When NYC real estate royalty Richard LeFrak woke up in London on Friday, he knew the world was forever changed. Immediately following the monumental decision, Richard told Bisnow the entire financial services industry was taken by surprise, which of course sent stock markets around the world sliding and many wondering what this move would mean for our global economy. But as a man in charge of a more than century-old powerhouse, he has some concerns about what the move could mean for the US commercial real estate industry.

Richard tells us Britain's decision to leave the EU could have some initial positive impact on the states, pushing capital to US shores as London's finance sector flees to mainland Europe, taking European real estate values along with it.

However, there is cause for concern, as Richard says if this first step backward in European unification turns into a footrace, we could see a European recession, meaning slow growth and continued low interest rates in the US.

Click here to read the full story.

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Costa Mesa Approves General Plan Update

Sealing the deal on the city's development blueprint, the Costa Mesa City Council has voted to approve an update to its general plan. The plan took years to develop, according to the LA Times. Not everyone is applauding the move.…

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Pacific Hospitality Group Weighing AC Hotel Deals

An affiliate of Irvine's Pacific Hospitality Group is focusing on deals for two AC Hotels. One 176-room property is under construction at Park Place near the John Wayne Airport. It is expected to open in December. Pacific Hospitality Group has it…

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REIT Scorecard: Last Week's Winners And Losers

Brexit sent capital markets on a wild ride last week—here's how the REIT sector is handling it.

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Bisnow Exclusive: CCIM Brings Real Estate Education To Veterans

Now veterans can receive their real estate designations from one of the most revered programs in the field...and not pay a dime.

CCIM Institute, known throughout the industry as the Ph.D. of real estate education programs, launched its new CCIM Vets in Real Estate Program nearly two months ago in partnership with the US Department of Veteran Affairs.

The program welcomes vets to receive a rigorous education in real estate—and ultimately a CCIM designation—funded through the GI Bill. Lodging accommodations, travel costs and course fees are all covered.

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What A Time To Come To London!

Bisnow Media
 

In business, timing is everything.

Just as Britain walks away from its relationship with the EU, Bisnow is bringing its one-of-a-kind news and events platform to the UK—starting July 4 (we'll bring the fireworks). Get ready for the chance to rub shoulders with real estate's movers and shakers in the Old Smoke.

Hurry up and subscribe to our London newsletter to avoid missing out on Bisnow's (almost) never boring events (launching in Jolly Old this fall) and read about the biggest news in the city. Check out our London page here. Responsible for any of that news? Email Cate Meredith, our UK editor on the ground.

For any sales and events inquiries, contact Natascha Bhuiyan.

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Don't Miss The BOMA Show Dailies!

For the fifth year, Bisnow has been chosen by BOMA International to produce its award-winning official show dailies at the 2016 BOMA International Conference & Expo, which runs from June 26 to 28 in Washington, DC. Our Property Management and DC reporters are there on the ground at National Harbor producing up-to-the-minute coverage (as long as they don't give in to the siren song of The Capital Wheel or Peeps & Co). BOMA is sending out the coverage to its more than 25,000 members and partners; subscribe to Property Management Bisnow to make sure you receive the latest show dailies. At the conference? Email Amanda Marsh and Jon Banister to say hello or give them tips on the hottest expo swag.

In case you missed it:

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Seattle Sales Rep Needed: $3k Referral Fee

Quick: name a beloved, caffeine-charged Seattle institution that is famous for its highly regarded brand, amazingly adept employees and its legendary sales numbers. Of course, if you guessed Bisnow, you are absolutely correct. Now Bisnow is ground-roasted into Seattle culture, we are looking for a grande-sized outside sales rep with three to five years' experience who can do a little coffee talk with the clients. Clients are totally addicted to us, since we're the largest commercial real estate platform in North America. We are ready to offer the job java jolt of a lifetime: an extremely competitive base and commishfull healthcare benefits, and the chance to say, without irony, “coffee is for closers.” Know anyone? We're listening. If we hire them, you get three grand. That's a lotta lattes. For more information, contact Javier at Javier@bisnow.com.

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Tell Us

Please send info about deals in your neck of the woods to: karen.jordan@bisnow.com.