Global Rents and Capital Values Rise

2018 has registered a very healthy start with strong global GDP growth and historically low G7 unemployment rate[1]. The global economy is poised to record the fastest growth (3.1%) in seven years, driven by the turbo charged U.S. economy and continued strength in emerging Asia. Occupier demand is robust due to rising consumer confidence and

The Sad Story of Global Inflation

Whatever the popular story of the time, the reason that cycles come to an end is that central banks raise interest rates to suppress inflation. Initially, business and consumer confidence prevents interest rates from having an immediate effect. Later, leverage and over-expansion on two or three sectors of the economy usually cause a bigger decline

L.A. is #1

Who is #1? Kershaw or Koufax? Answer: Trick question. BOTH as L.A. itself ranks #1 again on our Americas Investors Intentions Survey 2018. Why did I also find L.A. so attractive in my Select LA Presentation on Thursday? Let me count the ways: 1. Office Using Job Growth. Every story begins and ends here and L.A. is one of

What Time Is It?

Does anybody really know what time it is? Does anybody really care? – Robert William Lamm, singer, songwriter and

The Day the Earth Will Stand Still

“Michael Rennie was ill the day the Earth stood still, but he told us where to stand” – Richard O’Brien, Writer/Actor, aka “Riff Raff” in The Rocky Horror Picture Show Perhaps there is no more fitting occasion to explain the difference between capitalism and Marxism than the 200th birthday of Karl Marx this month. Capitalism

China’s Consumers are a Major Global Opportunity

Since China’s economic take-off in 2000, investment has driven GDP while the contribution of consumers’ spending diminished. This is common in export-oriented economies, but China’s low private consumption has continued for over a decade, setting it apart. There are many factors behind this: the uncertainty created by the transition from full-blown communism caused households to

HK’s Bay Area is Breaking Down the Boundaries

All attention was on President Xi Jinping’s economic agenda for China as the Boao Forum in Hainan province drew to a close nearly four weeks ago. Few noticed there was a panel discussion running simultaneously, in which Hong Kong Chief Executive Carrie Lam, Guangdong’s governor and other political and business heavyweights debated plans for the

Let Me Vote

Spring has sprung. Flowers are blooming, birds are chirping and another political primary season is upon us. Televised political ads are rampant, with politicians asking for our support. As a public speaker at civic and industry events throughout Maryland, I’m an advocate for the state in general and Baltimore in particular. I care deeply about

The Estate We’re In

As we move through 2018, the global economy is in good form and the real estate market is buzzing with innovation. How will it play out over the next 12 months? Global economic growth will continue and with it demand from occupiers. Unemployment is falling across the world, boosting consumer confidence and spending. Business investment

Global CRE Investment Increases

The annual growth rate of commercial real estate (CRE) investment in 2017 (single-asset, portfolio and entity-level transactions) was