Study Group: Retail Real Estate Brokerage Experts (California)
Council Members in this Study Group: 49
This study group may include experts knowledgeable on topics in real estate including: commercial property, residential property, corporate real estate, construction, design, contracting, real estate investment, real estate investment trusts, and residential and commercial real estate brokerages, among others.
Contact Gerson Lehrman Group to survey or consult with members of this Study Group
Leading institutions connect with members of this Study Group through GLG
Leading Experts in this Study Group
- Joseph Gabbaian
Senior Vice President
GRUBB & ELLIS COMPANY
Joseph Gabbaian is a Senior Vice President at Grubb & Ellis. Mr. Gabbaian has established himself as an expert in commercial real estate investments in the southern California market with an emphasis on the West Los Angeles/Santa Monica market through...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Real Estate Downturn Finally Arrives in West Los Angeles
January 13, 2009
Analysis by: Joseph Gabbaian, Senior Vice President,As Vacant Office Space Grows, So Does Lenders’ Crisis | www.nytimes.com
- The West Los Angeles commercial real estate market, once considered bullet-proof due to its strong fundamentals, is hit hard by the recession. - The Westside market experiences its first negative absorption in five years, and rental rates, which had gone up in the face of declining absorption, drop for the third consecutive quarter. - The declining market forces lenders to take back a $1.5 billion portfolio of office buildings in West Los Angeles and surrounding areas.
Members in this Study Group include these company types:
- Brokerage/Agency
- Consulting Firm
Members in this Study Group often have these job titles:
- Chief Executive Officer
- President