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California  + Retail  | 

Golden State is Tops Among Global Investment Growth

California claimed two of the top five slots on Real Capital Analytics’ (RCA) ranking of 18 major global business hubs. San Francisco was ranked No. 1 with a 14.1% year-over-year price change, while Los Angeles (8.2%) came in as the fifth top market in the latest RCA CPPI Global Cities report.

Global commercial property price growth continued to ease in Q1 2019, adjusting down from the double-digit annual growth rates seen as recently as a year ago.

RCA’s CRE economist Jim Costello wrote, “The slowing in price growth was not uniform across regions or cities, with the sharpest deceleration seen in the Asia Pacific region.”

He points out, price growth was still robust across several of the metro areas analyzed, with three posting increases at or greater than 10% year-over-year in the first quarter. Sydney and Boston posted declines from year ago. And although prices in the New York and London metros increased, Costello says, CBD prices slipped.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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