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California  + Retail  | 

RCA: U.S. Commercial Property Price Growth Wanes in July

Annual growth in U.S. commercial property prices lost steam for the fourth consecutive month in July, according to Real Capital Analytics’ (RCA) latest RCA CPPI summary report. The U.S. National All-Property Index rose 7% year-over-year in July, almost half the pace of price growth shown in early 2015. Prices rose 0.7% in July from June.

RCA’s Elizabeth Szep wrote, “Price gains across property types continue to diverge. Apartments posted the highest monthly and annual increases in July. Apartment sector prices rose 12% from a year ago, driven by growth in secondary and tertiary markets.”

The report also notes CBD office prices gained just 1.3% from a year earlier in July, the weakest price increase among the property types, and retail prices grew 1.8%. Szep points out more muted price growth may be kindling CBD office sales. Transaction volume in the office sector increased by more than 30% year-over-year in July, bolstered by single asset sales in the CBD office market.

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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