CORFAC News

Transaction Activity Holds Steady in 2024

Transaction activity is trending positively for members of CORFAC International’s global commercial real estate network. Deal activity over the past six months increased for 42% of members who responded to the 2024 Spring Market Survey and remained steady for 31% of respondents. Less than a quarter of members who...

CORFAC Welcomes 7 New Affiliate Firms to the Network

CORFAC is thrilled to announce the network has added seven new member offices this year, building on the addition of eight new firms in 2023.  “We are in an impressive growth phase worldwide,” said 2024 President David Boyd, CCIM, SIOR, Principal of Boyd Commercial/CORFAC International in Houston.  ...

CORFAC Congratulates 2023 COR$TAR Award Winners

CORFAC International congratulates the winners of the 2023 COR$TAR Awards, which recognize member firms and individuals for their in-network referral transactions. The awards were announced during CORFAC’s 2024 Spring Conference in Dallas. The COR$TAR Awards recognize the largest member-to-member referral...

CORFAC Welcomes 2024 President and Executive Leadership Team

CORFAC International is pleased to announce David Boyd, CCIM, SIOR, of Boyd Commercial/CORFAC International in Houston, Texas, began his term as 2024 President of the organization on January 1.  Joining David are fellow officers Vice President Daniel Shindleman, CCIM, MRICS, of Bridgemer AG/CORFAC International in...

CORFAC Welcomes 9 New Affiliates to the Network This Year

CORFAC is thrilled to announce that we have added nine new affiliates to the network so far this year, building on the addition of 14 new firms in 2021 and 2022 combined.  “This has been a tremendous year of global growth for the network,” said 2023 President Hayim Mizrachi, CCIM, Principal of MDL...

Still A Tenant’s Market: CORFAC Brokers On The State of Office Markets Around the World

Originally published in Bisnow on November 29, 2023.  The once-thriving office sector has had a rough time since 2020. Amid struggling occupancy and a high-interest rate environment, office building values are declining and deals are uncertain. But the magnitude of the issue varies among local markets, and some...

Business Sentiment Remains Positive Amid Lower Transaction Volume

The sectors fueling business activity for many CORFAC members shifted slightly in the latter half of the year, according to CORFAC International’s Year-End 2023 Market Survey. The warehouse/distribution sector fueled the transaction pipeline for over 67% of respondents, bumping industrial/manufacturing into second...

CORFAC Congratulates 2023 Member Excellence Award Winners

CORFAC International is pleased to announce the winners of the 2023 Member Excellence Awards, which recognize individuals who exemplify excellence, integrity, dedication, and participation in the CORFAC network. Winners were announced by CORFAC's 2023 President Hayim Mizrachi, CCIM, of MDL Group/CORFAC...

Industrial and Office Fuel Business Activity Amid Recession Concerns

The impacts of inflation and rising interest rates have affected the majority of CORFAC International’s global member firms in the first half of 2023. Yet the industrial/manufacturing sector continues to fuel the pipeline for 88% of members and the office sector fueled transactions for 53% of members who responded to...

CORFAC Congratulates 2022 Referral Award Winners

CORFAC International congratulates the winners of the 2022 COR$TAR Awards, which recognize member firms and individuals for their in-network referral transactions. The awards were announced during CORFAC’s 2023 Spring Conference in Orlando, Florida, in early March. The COR$TAR Awards recognize the largest...

Despite Market Turbulence, Industrial Real Estate Will Continue To Boom

There has arguably never been a more robust year for industrial real estate than 2022.  Construction companies completed 121.4M SF of industrial in Q3 2022, the second-highest quarterly total on record. Demand more than kept up, and vacancy rates trended downward for the seventh straight quarter to a record low of...

Choosing the Right Time - and Price - in a Volatile Environment

By Mason Capitani, SIOR, Principal, L. Mason Capitani/CORFAC International Rising interest rates should have a profound effect on commercial real estate sale values, but with a substantial amount of capital staying on the sidelines, it's early to know when and how far values will come down. As we are in the early...

CORFAC Announces Southeast Venture in Nashville Has Joined the Network

CORFAC is pleased to announce commercial real estate brokerage Southeast Venture/CORFAC International in Nashville, Tennessee, has joined our growing global network. Southeast Venture is one of 9 firms to join CORFAC in the past year.   “We are very excited about joining this longstanding and...

CORFAC Welcomes 2023 President and Executive Leadership Team

CORFAC International is pleased to announce that Hayim Mizrachi, CCIM, of MDL Group/CORFAC International in Las Vegas, NV, began his term as 2023 President of the organization on January 1. Additional officers include Vice President David Boyd, CCIM, SIOR, of Boyd Commercial/CORFAC International in Houston, TX;...

CORFAC Adds Nine Firms to the Network in 2022

CORFAC International, the premier global network for independently owned commercial real estate firms, is pleased to announce that its membership grew by nine firms in 2022, building on the addition of six new firms in 2021. The organization currently has 75 affiliate offices around the world, including in North America,...

CORFAC Members Brace for Inflation Impacts, But Continue to Close Deals

As worries deepen about the impacts of inflation and rising interest rates, a majority of CORFAC International’s global member firms saw business sentiment neutralize in their markets after a positive upswing earlier this year. Despite this, more than 62% of respondents experienced greater transaction volume compared...

CORFAC Welcomes Mexico-Based Blue Stone Real Estate Advisors to the Network

CORFAC is pleased to announce Blue Stone Real Estate Advisors/CORFAC International, which operates throughout Mexico, is the newest affiliate to join our growing global network. Blue Stone is one of eight new firms to join CORFAC this year, building on last year’s momentum of adding six firms to the network.  ...

Market Conditions Offer Investors Opportunities to Leverage Strength of the U.S. Dollar

By Iain Sayer, MRICS, MSCSI, HWBC/CORFAC International, Dublin The U.S. dollar has recently surged against other currencies and is at a near 20-year high, up 19 percent since the beginning of the year. This presents a golden opportunity for U.S.-based investors to acquire European real estate assets at relative...

CORFAC Congratulates 2022 Member Excellence Award Winners

CORFAC International is pleased to announce the winners of the 2022 Member Excellence Awards, which recognize individuals who exemplify excellence, integrity, dedication, and participation in the CORFAC network.  Winners were announced by CORFAC's 2022 President Mason Capitani, SIOR, of L. Mason Capitani/CORFAC...

CORFAC Welcomes Atlanta-Based Pollock Commercial to the Network

CORFAC is pleased to announce Pollock Commercial/CORFAC International in Atlanta is the newest affiliate to join our growing global network. Pollock Commercial is one of six new firms to join CORFAC so far this year, building on last year’s momentum of adding six firms to the network.  Pollock Commercial Owner...