LA, NY, Chicago Cities to Watch in 2018, Says TH Real Estate
New research from TH Real Estate, an affiliate of Nuveen, the investment manager of TIAA, predicts investment volumes for US real estate will be in line with those of 2017, and that Los Angeles, Chicago and New York will be the “cities to watch” in 2018.
TH Real Estate reports that the US real estate market is poised for another year of positive performance, with core unlevered real estate total returns to range between 5% and 6% in 2018. Despite an increase in vacancies, retail conditions have improved with unlevered property returns averaging 5.7% for 2017 in the US. Strong secular trends in e-commerce sales and omni-channel retailing will continue to drive demand for warehouse space as the retail and industrial sectors remain buoyant investments.
Los Angeles was the largest U.S. commercial real estate market in 2017, with more than $28 billion worth of sales transactions. That trio of major cities noted above are expected to be the standouts in the coming year, based on 2017 performance and shifting megatrends, reports TH Real Estate.
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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