The Professionals’ Choice for Real Estate Jobs

Who’s on first

Cushman & Wakefield/NorthMarq reports commercial real estate investors are realizing higher yields in second-tier markets than in the more expensive first-tier markets, like New York or Los Angeles. Cap rates for property in San Francisco, for example, are roughly 3.5 percent, compared with 6 percent in Minneapolis/St. Paul, Minnesota. No wonder Goldman Sachs recently bought the 1910 Tractor Works Building in Minneapolis for $54.8 million, that six years earlier had sold for $26.8 million. Connecticut-based Greenfield Partners recently paid $67.5 million for a portfolio of eight Minneapolis/St. Paul office/flex industrial properties. A German limited liability capital investment company is about to pay $164.5 million for a downtown property whose main tenant is Target Corp. The Financial Crisis hit hardest on the coasts and it appears the lesson learned is – diversify – because it’s not only how much you can make, but how much you can lose.

Susan Phillips, CEO SelectLeaders
August 13, 2014

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

All Top Talent Brief