A Cap Markets ‘Pause,’ Then a ‘Flurry’

WASHINGTON, DC—That’s the sequence of events Cushman & Wakefield’s Kevin Thorpe predicts for US commercial property sales in the aftermath of the Brexit vote. He tells GlobeSt.com the lift won’t necessarily be short-term.

By: Paul Bubny

Published reports from the UK say that in a case of “voter’s remorse,” a petition for a follow-up referendum on European Union membership has already garnered more than three million signatures. Regardless of whether the matter is put to a vote for the second time, the results of the so-called Brexit referendum have become apparent immediately. Some $2 trillion in value disappeared from global equity markets this past Friday, for example, the biggest daily loss on record, according to S&P Dow Jones Indices. [Read More]

Source: GlobeSt.com Wasington, DC