/PRNewswire/ Apprise by Walker & Dunlop announced today that it has expanded its footprint in the West Coast region with the addition of Managing Director.
BOSTON, Dec. 13, 2021 – JLL announced today that Brian Testorf has joined the firm as a Vice President in the Valuation Advisory group’s Hotels & Hospitality practice. Testorf will report directly to Managing Director Charlotte Kang, who is the national Hotels & Hospitality practice lead for JLL Valuation Advisory.
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Thursday, February 11, 2021
During the previous economic expansion, retail faced an uphill battle. The current recession tripled down on that struggle. The current pessimistic view among panelists in the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey is that retail properties will be generating significantly lower, if any, returns in 2023 compared to the end of 2020. Overall, the level of new retail property construction is expected to significantly decline from 2020 through 2023; and some existing space, lacking sufficient demand, will be converted to other uses.
Retail market industry leaders, El Warner of Colliers and Jonathan Lorenzen of Allen Matkins, discuss what lies ahead for this sector of the California commercial real estate market.