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.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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