If you want to know what the hottest categories are in terms of investment dollars chasing them, you should have been at RealShare Real Estate 2012 on Thursday, where moderator Tony Natsis, a partner at Allen Matkins, asked brokerage panelists that very question. On the retail side, Dennis Vaccaro, senior managing director of retail firm Faris Lee Investments, said that what’s hot in retail right now is the single-tenant net-lease category, where cap rates continue to be compressed down.
Panelist Lew Horne, an executive managing director at CBRE, talked about anything related to tech, or that is empty and next door to tech being hot. “If you look what is happening in San Jose, the Bay Area, and down in San Diego, those markets are hot and there is a lot of funding,” he said. “The bay area has turned around in the last 18 months that we never thought it would happen that quickly.”
But one of the best investments (no surprise) is multifamily, which has recovered substantially in A markets, according to Darrell Levonian, executive managing director of Charles Dunn Co. “They are very active and full of opportunity.”
Read more...GlobeSt.com - Opportunities Are Endless, But Do Your Homework - Daily News Article
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