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California  + Industrial  | 
Joint Venture in $54M New Jersey Industrial Buys

US CRE Prices Rise in April, Industrial Growth Leads Way

Prices of U.S. commercial real estate rose overall in April, though they had to fight through modest declines posted by CBD office and retail properties. The latest Real Capital Analytics (RCA) CPPI summary report shows prices increased 0.6% in April from a month earlier, which translates into an increase of 8.2% year-over-year.

RCA’s Elizabeth Szep notes, CBD office prices are now negative on an annual basis, down 0.7% from a year ago. Retail prices have remained relatively flat for some time, despite bad press. They are down 0.1% from a month earlier, but remain slightly elevated on an annual basis, up 0.7% from April 2017.

The fastest monthly price increases were reported in the industrial sector, with industrial assets continuing to be an investor favorite. Prices rose 1.7% from a month ago, and are up 11.1% year-over-year. Mirroring this growth is deal activity, points out Szep. Volume for the first four months of 2018 is up nearly 25% for industrial properties, compared to the same period last year.

In April, most of the major property types registered double-digit declines in activity, and total deal volume for the month was at the lowest level since early 2013, reports RCA.

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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