The Mixed-Use Trend
It seems that almost every major new development in my market incorporates office/retail/multi-family or two of the three.

I am new to the industry and curious as to what this means to agency and investment sales brokers who specialize in just *one* property type. I have seen many office buildings have one firm lease the office space and a different firm leasing the retail space on the first/ground floors. I guess this can still hold true with these new mixed use, 'live/work/play' properties, BUT what does it mean for sales brokers? Will this become a specialty of its own?
[{"id": "cvgukzc", "text": "It's a big trend throughout the country.  I think, for the most part, it's as you say... the residential people will be different from the commercial people in a lot of cases.\n\nBut others may disagree with me.", "replies": [], "depth": 1}, {"id": "cvgw29x", "text": "the value of most of those centers is pretty substantial.  \n\nI'd expect them to behave similar to how urban properties do, which is as you described.  Different retail/office etc brokers.  \n\nFor the sales brokers they will work through capital markets type brokers due to the size and probably run out of NYC/Wall street like other properties of that size.  \n\n", "replies": [{"id": "cvi3q0z", "text": "&gt; For the sales brokers they will work through capital markets type brokers due to the size and probably run out of NYC/Wall street like other properties of that size.\n\nCould you elaborate? I work in a second-tier city in the midwest and we sold a 1.5 million SF office building, not using any other third party or NYC firms.", "replies": [{"id": "cvi46g1", "text": "Which one?  1.5 mil sf is a great deal.  It occasionally happens you have large transactions like that with local brokers here, but its just rare.  \n\nThe life style centers I am thinking of are like those in http://www.costar.com/News/Article/More-Retail-Developers-Adding-Live-Work-Elements-to-Lifestyle-Center-Plans/175665?ref=/News/Article/More-Retail-Developers-Adding-Live-Work-Elements-to-Lifestyle-Center-Plans/175665&amp;src=rss  .  \n\nThe 350 mil one is in my market.  Local brokers might consult a bit but no one here is regularly doing 350 mil deals.  Its more common to hear hedge fund a sold to insurance company c in the business paper than to see any local broker involvement.  \n\nAt least in my market, when you start talking hundreds of millions of dollars you are playing on a national level.  Locals don't own it, locals aren't buying it, and locals aren't brokering it.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cvgw5fq", "text": "Also maybe this is different in my market, but outside of maybe apartments, investment brokers tend to hit all property types.  The same guys selling office buildings are selling industrial and strip centers.  For smaller mixed use, I'd imagine it not be much of a problem.  Investment is more a numbers thing not a physical use thing.", "replies": [{"id": "cvgx3bc", "text": "That seems to be the case in my office - investment brokers selling different asset types, but I have yet to see them sell a mixed use. I imagine running numbers for the MF piece of the building, office piece, and retail make it much more difficult to gauge an accurate value of the enitre property. I guess they would just treat each piece as a different property", "replies": [], "depth": 2}], "depth": 1}, {"id": "d19k4uo", "text": "If you're looking for different kinds of centers and malls try http://shoppingcenters.com / Directory of Major Malls and check over 8,000 major malls and centers across the United States and Canada.", "replies": [], "depth": 1}]