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...ailing Address 2029 Century Park E, Suite 950 Los Angeles, CA 900... ...les is the largest city in California and, after New York, the second large... ...l area, with almost 13 million people and ranks as one of the most populous metropolitan areas in the world and the second largest in the U.S. Los Angeles is also the seat of Los Angeles County, the most populated and one of the most ethnically-diverse counties in the United States, while the entire Los Angeles area itself is recognized and regarded as the most diverse metropolitan area in the United States.Nicknamed the City of Angels, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, science, technology and education. It is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the country. Los Angeles has been ranked the third richest city in the United States and fifth most powerful and influential city in the world, behind only New York City in the United States. The Los Angeles combined statistical area (CSA) has a gross metropolitan product (GMP) of more than $830 billion, making it the third largest economic center in the world, after the Greater Tokyo and New York metropolitan areas. As the home base of Hollywood, L.A. is known as the entertainment capital of the world, leading the globe in the creation of motion pictures, television productions, video games, and recorded music. The importance of the entertainment business to the city has led many celebrities to call Los Angeles and its surrounding suburbs home. Los Angeles is also often billed as the creative capital of the world, due to the fact that one in every six residents works in a creative industry. According to the USC Stevens Institute for Innovation, "there are more artists, writers, filmmakers, actors, dancers and musicians living and working in Los Angeles than any other city at any time in the history of civilization."Los Angeles hosted the 1932 and 1984 Summer Olympics, and is also home to renowned universities such as the University of Southern California and the University of California, Los Angeles.Markets OfficeLos Angeles is a company headquarters mecca. In all, 21% of Los Angeles companies are involved in real estate, finance or insurance. The L.A. Metropolitan Area’s office market comprises distinctly different submarkets known as Downtown Los Angeles; West Los Angeles (which includes Beverly Hills, Westwood, Century City and Hollywood); the South Bay (which encompasses the area in and around Los Angeles International Airport (LAX)); and the northern part of the city known as the San Fernando Valley.RetailThe Los Angeles retail market’s diverse offerings range from high-end stores on Rodeo Drive retail to big-box outlets prevalent throughout Southern California. In recent years, many big-box retailers have taken advantage of L.A.’s favorable long-term lease opportunities to open strategic locations in the region. The overall retail vacancy rate has consistently remained less than 5%.IndustrialThe vast L.A. industrial real estate market benefits from its proximity to the Port of Los Angeles, which handles approximately 6 million containers per year. The industrial sector is principally located in proximity to downtown Los Angeles, the LAX hub and the Long Beach port. The largest completed transaction in nearly 10 years occurred in 2011 when the 99 Cent Only chain leased a 622,000-square-foot distribution center.InvestmentInstitutional investors, including notable pension funds, REITs and public companies, are attracted to the Los Angeles market as a whole due to the city’s large population and the number of companies based here. While institutional investors dominate the office sector, they have also invested billions in the retail, industrial and multi-residential markets. Private investors tend to have stronger footholds in the retail and multi-residential sectors of Los Angeles.Avison Young in Los AngelesAvison Young opened its first Los Angeles office in August 2011, forming a base for locations across the Southern California region. The Los Angeles office has a strong affiliation with many of the most notable firms in the entertainment industry and comprises a full-service real estate platform. L.A. brokers serve tenants, landlords and investors while sharing knowledge in all aspects of the real estate industry. The Los Angeles office also works very closely with many of the Avison Young offices located throughout the United States and Canada. Media contacts...

...mInvestmentworkfaxcellwork LinkedIn Professional P... ...al real estate in 1999 with the local airport authority, managing a 600-acre light-industrial business park.Since joining Avison Young, Kevin has been responsible for overseeing a wide variety of sale listings and off-market investment transactions, from early negotiations to closing. Kevin has enjoyed the opportunity to be accountable to a wide range of vendors and purchasers, from private investors to major Canadian REITs and pension funds, on real estate transaction activity totalling in excess of $500 million, including all asset types of commercial investment real estate located in multiple cities throughout Western Canada.Kevin enjoys with great passion the advisory and underwriting role of the commercial investment real estate industry, and is fortunate to have developed nu...

...etween the southern Atlantic Seaboard and regions to the west. Today, Atlanta is a major business city, which boasts the country’s third largest concentration of Fortune 500 companies; and home to the world headquarters of corporations such as the Coca-Cola Company, Turner Broadcasting, The Home Depot, AT&T Mobility, UPS, and Delta Air Lines. The city is also the primary transportation hub of the Southeastern United States (via highway, railroad and air), with Hartsfield-Jackson Atlanta International Airport being among the world’s busiest airports and providing Delta Air Lines with the world’s largest airline hub. Atlanta consistently ranks as one of Fortune Magazine's Top 10 Best Cities for Business. Business environment and quality of life also consistently place Atlanta at the top of major U.S. metropolitan areas for working, living and playing. More than 75% of Fortune 1000 companies have business operations in the metropolitan area. Since 1990, more than 300 companies have relocated their U.S. or regional headquarters here. According to the U.S. Census, the 28-county Atlanta region population ranks as the fastest-growing metropolitan statistical area (MSA) in the nation. By 2020, the area is forecasted to be the sixth largest metro area in the country with a population of more than 7 million.MarketsOfficeConsidered a world-class business center, Atlanta’s office market totals more than 295 million square feet. The bulk of Atlanta’s office market centers along Peachtree Street, running from Downtown to Buckhead. More than 53 million square feet of space either exists or is under construction, proposed or planned in the submarkets that run along Atlanta’s prime address. In the last decade, businesses in Atlanta have absorbed, on average, more than 3 million square feet of office space annually. Downtown serves as home to more than 430 recognized Fortune 500 companies and 140,000 office workers employed in approximately 5,000 businesses – the highest concentration of businesses in the Metro Atlanta region.RetailWith nearly 350 million total square feet of retail, Atlanta has a lot to offer avid shoppers, ranging from large, affordable stores to upscale options to local, creative boutiques. Countless regional malls, outlet malls, and high-end lifestyle centers are spread throughout the metro area and are easily accessible. In addition to the almost 5 million shoppers living in the metro area, Atlanta’s retail market benefits from its proximity to the major I-75, I-85 and I-20 highways and the world’s busiest airport, which make it easy for people in the surrounding areas and states to visit Atlanta for a shopping/dining/entertainment experience.IndustrialAtlanta is the largest industrial market in the Southeast with more than 639 million square feet of space. Over the past decade, companies have absorbed 11 million square feet of industrial space annually. Key industries in Atlanta include petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber and mining. Major industrial areas include agricultural products, capital goods, telecommunications equipment, motor vehicle parts, office machines, electric power machinery and consumer goods. With three major interstate highways intersecting in Atlanta and an extraordinary concentration of rail systems, trucking companies, warehouse and distribution centers, Atlanta’s logistics infrastructure and capabilities are unrivalled. Over the past decade, the city’s industrial real estate sector has gained from the addition of more than 14,000 green jobs. With more than 43,000 green jobs in total, Atlanta ranks in the top-10 clean economies in the U.S.InvestmentThe city is a center for services, business, higher education, information technology, and finance. Atlanta’s strengths include a diverse economy, strong in-migration and population growth (more than 1.1 million new residents from 2000-2008), and a business-friendly environment. These factors have made Atlanta very attractive to foreign investors. The 2,000-plus foreign-owned business facilities in Metro Atlanta make up more than 80% of all international facilities in Georgia. International companies employ more than 115,000 people in the region.Avison Young in AtlantaLaunched in early 2010, Avison Young’s Atlanta office has grown to more than 60 employees with approximately 20 million square feet of property under management. Led by top professionals, the Atlanta brokerage has built a broad platform covering all industry sectors. Atlanta serves as the hub of Avison Young’s Southeast expansion, partnering with many of the company’s other U.S. offices on several projects. Avison Young’s Atlanta-based Southeast Capital Markets Group also works frequently with the firm’s Canadian offices, particularly Toronto and Vancouver, to assist Canadian investors with cross-border investments in commercial and multi-residential property located in the Southeastern and Sunbelt markets. Media...

... largest market in the Midwest region and the third-largest market in the U.S., provides a critical link between east, west, north and south. More than 9.5 million people live and work within a nine-county metropolitan statistical area. Metropolitan Chicago is a center of learning with more than 20 colleges and universities located within the area. World renowned schools such as the University of Chicago, Northwestern University, University of Illinois-Chicago, DePaul University and Loyola University are located here, making the city’s workforce one of the most highly educated in America. The diverse, talented workforce has attracted the headquarters of more than 30 Fortune 500 companies.Chicago is also home to the largest financial and commodity exchanges in the world, the Chicago Merchantile Exchange and the Chicago Board Options Exchange, and serves as the financial center of the region, which has a highly-diversified economy.The Chicago real estate market as a whole is the third largest in the U.S., with more than 2.25 billion square feet of space. Almost every major REIT and national property owner has a presence in the Chicago market, either through headquarters or branch offices. MarketsOfficeThe Chicago office market, home of the original skyscraper, comprises 450 million square feet of office space. Downtown Chicago, especially along Wacker Drive, has become the location for multiple office developments and redevelopments that have reshaped the city skyline and redefined the market. The strong development activity continues to attract new institutional ownership and enhance an already vibrant market.RetailThe retail market consists of approximately 500 million square feet of retail space. In the central business district, the market is driven by opportunistic retailers who have recognized that the CBD provides them an interesting demographic of young professionals as well as mature empty nesters. Companies entering the market and existing retailers are also creating opportunities for themselves and supporting reverse migration to the CBD. As a result, stores and retail centers have a long-term opportunity to capitalize on the creation of new residential properties.IndustrialWith 1.1 billion square feet of industrial space, Chicago ranks as the second-largest industrial market in America, serving as the logistical hub of the United States. Since Chicago is the only market in the nation where all six class I rail lines converge, the industrial property sector benefits from a unique location within North America. The industrial market also gains from the rare combination of a large population and unlimited green field space. The demographics make Chicago an attractive market for industrial investors. In fact, every major U.S. industrial property investor has a presence in Chicago.InvestmentChicago’s office prices remain highly affordable in comparison to other U.S. and international markets. This situation reflects a developer-friendly environment, a lack of physical restraints, and the desirability of the market. In contrast, stable capitalization rates can drive consistently-strong pricing in the industrial market. This is a reflection of the attractiveness of the market to institutional investors, and Chicago’s strategic location in the center of the country. Consequently, Chicago remains a vital market for institutional buyers and is positioned well for the future.Avison Young in ChicagoAvison Young opened its first U.S. office in Chicago in 2009, marking the launch of aggressive North American and international expansion efforts. Due to the city’s Midwest location and prominent role in North American transportation, Chicago brokers have gained considerable industrial real estate experience while also facilitating major office and retail sale and lease transactions. Avison Young’s Chicago office also works closely with the company’s other locations in Canada and the U.S. on transactions involving a...

...les is the largest city in California and, after New York, the second large... ...l area, with almost 13 million people and ranks as one of the most populous metropolitan areas in the world and the second largest in the U.S. Los Angeles is also the seat of Los Angeles County, the most populated and one of the most ethnically-diverse counties in the United States, while the entire Los Angeles area itself is recognized and regarded as the most diverse metropolitan area in the United States.Nicknamed the City of Angels, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, science, technology and education. It is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the country. Los Angeles has been ranked the third richest city in the United States and fifth most powerful and influential city in the world, behind only New York City in the United States. The Los Angeles combined statistical area (CSA) has a gross metropolitan product (GMP) of more than $830 billion, making it the third largest economic center in the world, after the Greater Tokyo and New York metropolitan areas.As the home base of Hollywood, L.A. is known as the entertainment capital of the world, leading the globe in the creation of motion pictures, television productions, video games, and recorded music. The importance of the entertainment business to the city has led many celebrities to call Los Angeles and its surrounding suburbs home. Los Angeles is also often billed as the creative capital of the world, due to the fact that one in every six residents works in a creative industry. According to the USC Stevens Institute for Innovation, "there are more artists, writers, filmmakers, actors, dancers and musicians living and working in Los Angeles than any other city at any time in the history of civilization."Los Angeles hosted the 1932 and 1984 Summer Olympics, and is also home to renowned universities such as the University of Southern California and the University of California, Los Angeles.MarketsOfficeLos Angeles is a company headquarters mecca. In all, 21% of Los Angeles companies are involved in real estate, finance or insurance. The L.A. Metropolitan Area’s office market comprises distinctly different submarkets known as Downtown Los Angeles; West Los Angeles (which includes Beverly Hills, Westwood, Century City and Hollywood); the South Bay (which encompasses the area in and around Los Angeles International Airport (LAX)); and the northern part of the city known as the San Fernando Valley.RetailThe Los Angeles retail market’s diverse offerings range from high-end stores on Rodeo Drive retail to big-box outlets prevalent throughout Southern California. In recent years, many big-box retailers have taken advantage of L.A.’s favorable long-term lease opportunities to open strategic locations in the region. The overall retail vacancy rate has consistently remained less than 5%.IndustrialThe vast L.A. industrial real estate market benefits from its proximity to the Port of Los Angeles, which handles approximately 6 million containers per year. The industrial sector is principally located in proximity to downtown Los Angeles, the LAX hub and the Long Beach port. The largest completed transaction in nearly 10 years occurred in 2011 when the 99 Cent Only chain leased a 622,000-square-foot distribution center.InvestmentInstitutional investors, including notable pension funds, REITs and public companies, are attracted to the Los Angeles market as a whole due to the city’s large population and the number of companies based here. While institutional investors dominate the office sector, they have also invested billions in the retail, industrial and multi-residential markets. Private investors tend to have stronger footholds in the retail and multi-residential sectors of Los Angeles.Avison Young in Los AngelesAvison Young opened its first Los Angeles office in August 2011, forming a base for locations across the Southern California region. The Los Angeles office has a strong affiliation with many of the most notable firms in the entertainment industry and comprises a full-service real estate platform. L.A. brokers serve tenants, landlords and investors while sharing knowledge in all aspects of the real estate industry. The Los Angeles office also works very closely with many of the Avison Young offices located throughout the United States and Canada. Media contacts...