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Creative Belt-Tightening Measures

Published Tuesday, July 01, 2008

What a difference a year makes. The blistering pace of investment sales activity that had property management assignments flipping like hotcakes during early 2007 has cooled in the wake of the credit crisis. That respite may be short-lived. Property managers are under increasing pressure to generate value for clients as some sectors of commercial real estate show signs of softening. “The typical institutional investor out there is pointing resources — attention, dollars, labor — at the part of the value chain that we provide,” says Tony Long, president of asset services at CB Richard Ellis. CBRE ranks No.

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