WALNUT CREEK (APRIL 23, 2019) – Longtime commercial real estate advisor Marilyn Hansen has joined TRI Commercial/CORFAC International in Walnut Creek as Senior Director. With more than 30 years’ experience in investment and leasing advisory, she will primarily focus on retail and investment brokerage by providing location intelligence, strategic planning, property acquisition and disposition for clients.
“We are pleased to welcome Marilyn to our East Bay office. With her considerable tenure in the industry, she strengthens our continuing efforts to provide a sophisticated platform to serve clients in the East Bay,” TRI Executive Vice President and East Bay Regional Manager Edward Del Beccaro said.
Despite reports of an impending market slowdown, Hansen is bullish on the investment market in the East Bay. “The market is strong, with low supply and high demand and l expect this trend to continue throughout 2019. Economic indicators suggest we’re at the top of the market right now and as investor demand slows, we’ll see more buying opportunity for owner-users,” said Hansen. “Buyers and sellers are looking for brokers who can bring value-add to the table with deep local knowledge of the market, understand future trends in the industry as well as current financial and accounting regulations.”
According to the first quarter, 2019 TRI Northern California retail market report current vacancy sits below 5% with almost 2 million square feet under construction. Hansen believes there will always be a need for brick and mortar retail, though companies will have to adapt to evolving consumer habits. Struggling retailers will disappear, stores will continue to “right size” and carry less inventory. Successful companies will create a reason to shop, through retail experience, and AI will play a major role in the future of retail.
Before joining TRI, Hansen was with Colliers International in the East Bay and Grubb & Ellis in Silicon Valley. She is active in a variety of professional and community organizations including, the International Council of Shopping Centers (ICSC), Commercial Real Estate Women (CREW Network), Women Influencing Sustainable Change (WISC) and ProVisors, a professional networking organization.
About TRI Commercial/CORFAC International
Founded in 1977, TRI Commercial/CORFAC International is a leading Northern California commercial real estate brokerage and property management (with over 4 million square feet of commercial property under management) firm specializing in San Francisco, East Bay and the Sacramento Metro property markets. The company has expertise in tenant and landlord representation services and helps clients buy and sell commercial and investment-grade property. The company serves office, retail, and land, multifamily and industrial property sectors, with offices in San Francisco, Walnut Creek, Oakland, Roseville, Sacramento, and Rocklin. For more information, visit www.tricommercial.com.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. For more information on the CORFAC visit www.corfac.com.
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