2A — July 14 - 27, 2017 — M id A tlantic
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Mid Atlantic Real Estate Journal
Mid Atlantic R eal E state J ournal Publisher, Conference Producer ...................................... Linda Christman Associate Publisher ................................................................ Steve Kelley Associate Publisher ...................................................................Kim Brunet AVP, Conference Producer . ................................................. Lea Christman Senior Editor/Graphic Artist .................................................Karen Vachon Office Manager ......................................................................Miriam Buttrick Sales Intern ........................................................................ Kevin Minassian Production Intern .................................................................. Erin Shepherd Contributing Columnists ..................................................... Sheldon Gross Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 350 Lincoln St., Suite 1105 Hingham, MA 02043 USPS #22-358 | Vol. 29 Issue 13 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion 781-740-2900 | Fax: 781-740-2929 www.marejournal.com
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Sheldon Gross Realty announces 2017-18 CRE ® Top Ten Issues Affecting Real Estate s Sheldon Gross heldon Gross Realty, based here, today shared just-released informa- tion about important business disruptors – the issues and trends impacting U.S. com- mercial and residential real estate. Sheldon Gross, presi- dent and CEO of the agency, is a member of The Counselors of Real Estate ® (CRE), the global professional association which annually announces The CRE ® Top Ten Issues Affecting Real Estate, an update of market trends and conditions which influence real estate opportu- nities and risks. Members of CRE are recognized property experts who provide special- ized and objective advisory services to clients; member- ship is by invitation. “Political polarization and global uncertainty lead the 2017-18 list because divisive- ness – which is occurring at all levels (and is fueled by news headlines, political be- liefs and budget constraints) – makes decision making dif-
J.D. Parker Manhattan
Brian Hosey New Jersey (201) 582-1000 Bryn Merrey Washington, D.C. (202) 536-3700
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ficult,” explains Gross. “Global uncertainty is also creating challenges for investment and employment in non-U.S. markets, and could negatively impact foreign investment in U.S. properties.” Other issues include the technology boom – causing extraordinary changes in how real estate is bought, sold, valued, and managed. Robot- ics, predicted to replace up to 47% of today’s jobs, clearly will have a serious impact on everything from housing and retail to business offices, ten- ants and leasing. Two distinct generations – the Baby Boom- ers and Millennials – that live and work side-by-side, now also present challenges in that they have quite different pref-
continued on page 4A • Housing: the big mismatch – affordability at all levels is challenging home ownership and even who can rent and where. erences in the kinds of offices in which they wish to work, as well as housing choices. The other disruptors on the CRE Top Ten Issues list are: • Retail disruption – with malls and downtowns adapt- ing to nationwide store clo- sures with new kinds of ex- perience-driven offerings and the reinvention of the grocery stores which have anchored many upscale shopping malls. • Infrastructure investment – such as bridges, ports, and roads, which are now attract- ing new private investors.
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