Hessam Nadji, senior vice president and managing director of research and advisory services for Marcus & Millichap Real Estate Investment Services, was featured on a Fox Business exclusive on Thursday, Dec. 29. Nadji shared his opinions on the state of the U.S. economy, retail property sector, and financing availability, as well as discussed commercial property fundamentals. A copy of the broadcast can be viewed at www.marcusmillichap.com/Video/fox_122911.asp.
Nadji called commercial real estate "a compelling investment in 2012." He pointed first to a strengthening overall economy, citing the addition of 1.7 million private-sector jobs in the past 12 months. He also predicted fewer commercial real estate bankruptcies, resulting from greater cash flow at commercial properties because of higher occupancy and higher rents. As owners solidify their cash statements, they will be more able to refinance loans.
Nadji, with more than 20 years of experience in real estate research, marketing and technology management, joined Marcus & Millichap in 1996. He oversees the companys research division including economic and real estate information tracking and analysis and the production of the groups various publications. He also manages the design and application of various research and marketing tools and analysis-related technology, as well as various real estate supply and demand analyses and databases.
Marcus & Millichap is one of the largest investment real estate brokerage firms in the nation, with more than 1,300 real estate specialists in more than 70 offices. The company includes a National Self Storage Group that specializes in self-storage real estate transactions.