This CEO sees growth ahead for the Los Angeles real estate market

  • 📰 latimes
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 82%

United States News News

United States United States Latest News,United States United States Headlines

CBRE Chief Executive Robert Sulentic expects a sharp drop in foreign investment that will slow real estate growth. But the market will avoid recession.

The company has had a growth spurt since the last real estate downturn ended, posting new revenue records for eight consecutive years and finishing the third quarter with a profit of $257 million.

, chief executive of CBRE. “Foreign investors tend to like the big gateway markets and L.A. has been particularly big because of the entertainment industry.CBRE, known for decades as Coldwell Banker & Co., makes money on commissions from brokers who arrange sales and leases of offices, warehouses and other commercial property, and by managing real estate for corporations and other property owners. Its other real estate disciplines including investment and development of new properties.

Robert Sulentic, CEO of CBRE, a Fortune 500 real estate services company with headquarters in Los Angeles. Does that suggest that the real estate market will cool off? This positive cycle appears to be unusually long. “WeWork is going to have to work through their challenges. They have a well-known brand. We think the co-working market is going to be there independent of WeWork.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Beautiful view. ❤️

had too much water now i need to PEEPEEO

Honestly, I don’t see how. What with the current home prices not everyone is able to afford a home and it’s only going to get worse 🤔🤨❤️🇺🇸❤️🌎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mars CEO: Millennials treating pets like kids is good for business - Business InsiderThe pet care industry is booming, especially among Gen Z and millennials, who increasingly see their pets as more than just animals. StopDoingThat
Source: BusinessInsider - 🏆 729. / 51 Read more »

LinkedIn CEO Jeff Weiner speaks on culture, compassion: Masters of Scale - Business InsiderWeiner is the world's eighth most popular CEO. 'He knows how to instill the drumbeat of culture, mission, and values throughout an organization.'
Source: BusinessInsider - 🏆 729. / 51 Read more »