Expert sources: Integra Realty Resources’ fourth quarter news
Jan 19, 2015
What a year 2014 was. Whether you were reading industry trade magazines, scrolling through Twitter, or perusing the top national newspapers, commercial real estate was no stranger to the headlines. As the media continued to ramp up their CRE coverage over the past quarter, many turned to IRR’s leading experts across our 66 offices nationwide to gather insight on burgeoning trends, breaking news, and projections for the coming year. Here are just a few of the stories that featured Integra Realty Resources and our market research reports in the past few months.
Commercial Property Executive: In the October issue of Commercial Property Executive, reporter Paul Rosta provided readers with a new outlook on one of the biggest public works projects of the age: The $5.3 billion Panama Canal expansion, which is set to be completed for use in 2016. IRR Senior Managing Director Anthony M. Graziano, MAI, CRE, FRICS, spoke with Rosta about what this means for the industrial sector of the CRE industry, and why the biggest impact of the project might be felt years down the road.
The Wall Street Journal: Robyn Friedman interviewed the Director of IRR’s Broward, Florida office, Harry Newstreet, MAI, on the comeback of the Fort Lauderdale real estate market. Newstreet discussed how development demand is causing tension between commercial and residential real estate investors and explained why residential development will continue to be a driver in the region so long as pricing trends remain constant.
National Real Estate Investor: I spoke with Jennifer Duell Popovec for a story on the performance gaps for class B malls. I explained for her readers what distinguishes Class-A, Class-B, and Class-C malls, and what it takes for Class-B malls to survive, including market demographics and the competitive landscape.
KIRO 7 News: Reporter Alison Grande interviewed Senior Managing Director of IRR’s Seattle office, Allen Safer, MAI, MRICS, about the future of two Mars Hill Church properties for sale in the region. Safer discussed development possibilities for the buildings, including re-tenanting and demolition, and explained what types of developers and investors might be interested given current market characteristics.
The Washington Post: WaPo reporter Jonathan O’Connell penned an article on the United Stadium proposal in D.C. using data and analysis from a new report on the project that was co-authored by Integra Realty Resources, the Robert Bobb Group, and Conventions, Sports & Leisure International. The study, which was commissioned by the D.C. Council, points to the cost and economic impact of the proposed stadium, noting the project would be the costliest stadium in Major League Soccer to-date, but could bring $109.4 million in economic benefits to the District.
