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        Michigan Stock Index



        June 24, 2016

        Daniel Labes

        Senior managing director, Newmark Grubb Knight Frank

        By Kirk Pinho

        Headquarters: Farmington Hills office of New York City-based company

        Years in commercial real estate: 29

        Age: 52

        Why he should be on your speed dial: Labes is one of the most prolific industrial brokers in the region. For example, in just the past year at Ashley Capital's Brownstown Business Center and Livonia Corporate Center, Labes has been involved in the leasing of more than 2.8 million square feet of space.

        What's your outlook for the next two years for the industry? "With lack of significant new construction, we'll continue to see low (industrial) vacancy rates, which will create higher lease rates/sale prices. Also, continued interest from out-of-state investors will keep driving down capitalization rates."

        Token you use in Monopoly: "I haven't played in years."