“While it is easy to point to Asia as the growth center of the world, investors should remain wary of China. While it has shown incredible GDP growth over the last decade, this is fueled by excessive credit creation. Building empty cities and manipulating currencies does not constitute real growth. In time, the piper will need to be paid,” clarified Dr. Linneman at the Global Market Outlook in New York City.
On the economy of India, Linneman said it “continues to move forward based on long-term positive demographics. However, the political climate and corruption unearthed over the past two years have made it everyone’s favorite whipping child. The government has instituted a series of reform measures intended to attract foreign capital, and put forth a recent budget focused on controlling spending, loosening entitlements, and increasing taxes, with a view toward shrinking the country’s deficit.”
“Singaporean REITs were some of the globe’s best performing stocks in 2012, a trend that should continue in 2013,” stated Dr. Linneman, “Because the Singaporean government keeps tight restrictions on real estate development, there appears to be little risk of supply outstripping demand. Demand for office and industrial space should continue, while the prices of apartments will continue their current run of consecutive annual increase.”
As recent months passed, NAI Global welcomed three new member firms in Asia and is excited to be expanding. These new members include NAI Trinitty Partners (India), NAI Malaysia and NAI Tosei Japan.
“While the Euro will not collapse in the near future, the currency and current state of policy remains unsustainable. Only when the euro meets its demise will the region show resilience,” explained Dr. Linneman at the Global Market Outlook in New York City, “Amid this uncertainty, real estate growth will remain sluggish (at best). Germany has recently seen a large run-up in property values attributable to an influx of both European and Asian investors seeking to park money in Europe.”
On real estate assets in Europe, Dr. Linneman remarks, “Currently, there is a lack of quality (institutional grade) real estate assets in Eastern Europe, presenting an opportunity for an investor or developer to enter the market. Over the next few years, we expect more capital to be invested in this region.”
Princeton, NJ December 12, 2012 – NAI Global, the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced it will be expanding its coverage into the Louisville, Kentucky area with the addition of NAI Fortis Group.
Headquartered in Louisville, NAI Fortis Group is a full-service commercial real estate brokerage firm providing office, industrial, retail brokerage, consulting services, corporate solutions, property management and receivership services throughout the Louisville, Kentucky metro area.
“We are excited about the opportunity to combine our local market knowledge and experience with the extensive resources of NAI’s global network. It will expand our capabilities and create more opportunities to provide world-class service to our clients,” states Jon Seiz, NAI Fortis Groups’ founder and Business Director.
“NAI Global is proud to be represented in Louisville by NAI Fortis Group. With NAI Fortis Groups’ deep and service-oriented local presence, coupled with NAI’s Global systems and processes, Louisville is now connected in a new and meaningful ways to markets all around the world. Clients win big because of this kind of global approach,” says David Blanchard, NAI Executive Vice President. “Our business continues its upward trajectory. Louisville is a critical U.S. market for us. We are excited and confident that NAI Fortis Groups’ extensive local knowledge, relationships, commitment to quality and results will greatly benefit our important commercial real estate clientele.”
NAI Global is among the largest commercial real estate services organizations in the world, comprising 5,000+ professionals in 55 countries in more than 350 offices. NAI advisors such as NAI Fortis Group, work in tandem with its global management team to ensure clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage over 300 million square feet of commercial space.
NAI Fortis Group is located at 462 South 4th Street, Suite 1810 Louisville, KY 40202
About NAI Global
NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com. Follow us on Twitter (@NAIGlobal) and Facebook.
The famous Hilton Chicago on Miracle Mile was the spot where more than 950 attendees gathered recently for the annual CREW Network Convention. The Hilton Chicago is the largest total meeting and event space of any Chicago hotel (see Grand Ballroom pictured during one of the Networking Lunch programs). The event kicked off with meetings and tours of Chicago on Wednesday, October 24 and the day ended with a well-attended Network Marketplace & Welcome Reception. Thursday and Friday featured keynote speakers were Sheena Iyengar, author of The Art of Choosing and professor at Columbia Business School, and Jim Collins, author of numerous books including the best-seller, Good to Great. The theme of the convention was Choices. Every day we make choices that impact our careers, families and communities. As with anything, knowledge gives us the power to make informed choices.
A highlight of the convention is always the CREW Network Foundation Silent Auction & Reception. Patricia Faulkner, SVP, Client Development with NAI Global, this year chaired the Auction & Special Events Committee, which coordinated the Silent Auction and Jade Mountain V acation give away. (Many thanks to all of the NAI Members who purchase tickets during the Fall Leadership Meeting!). Patricia toasted and welcomed attendees to the silent auction (pictured above with Gail Ayers, Ph.D., CREW Network CEO). The committee raised more than $72,000 for The Foundation through their efforts. The proceeds will go to The Foundation Scholarship Program.
Other NAI attendees included Jolie Schooler, NAI REOC Austin, as well as Barbara Hokel, NAI Ruhl & Ruhl, West Des Moines, who this year successfully formed the CREW Iowa Chapter.
Founded in 1989, CREW Network is the industry’s premier business networking organization dedicated to advancing the achievements of women in commercial real estate. The 8,000 members represent nearly every discipline within the industry and are located in 76 major markets across North America.
NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it is expanding its coverage into Mumbai, India with the signing of Sure Shot Suggestions ( India ) Pvt. Ltd. The firm will now operate as NAI Sure Shot Suggestions.