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March 04, 2016

List Content: Local CRE executives share their expertise

Silicon Valley Business Journal

Rosellen "Rosie" Downey

The economic outlook as a whole is uncertain with both tech companies and the stock market taking big hits in recent months. Here, representatives of four different companies share their predictions about the industry, future rental rates, firm consolidation and how to get noticed when you're just starting out.

David Vanoncini
Senior VP & managing partner
Kidder Mathews

With all the consolidation in the industry, did you see more brokers moving around in the past year? Not really, which is a little surprising. In general, the consolidation in the industry isn't beneficial to most brokers. However, we've added six brokers to our Silicon Valley office in the past two years, and five of them did come from Newmark Cornish and Carey, CBRE, and Cassidy Turley (now Cushman), where some consolidation has occurred.

Are you hiring right now for more brokers? Absolutely. We are always looking for quality brokers to add to our team. We're expecting some more movement to occur when the market slows down and some of the large firms tighten the reins on the troops.

Which service line are you expecting to grow the most in 2016 and why? We expect growth in our brokerage, property management and appraisal service lines. Our firm is owned by senior employees, which offers more stability and lucrative returns. We've added four new offices in the past 14 months and have another office opening this spring.

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