Search
 

Look for Pension Fund Players to Return to Class A Office/Industrial, G&E Predicts

ORLANDO-An expected drop in interest rates this quarter by the Fed will spur new investment activity in the multifamily sector here, Grubb & Ellis Co.'s Steve Flanagan tells GlobeSt.com.

By Alex Finkelstein | Updated on January 17, 2001

ORLANDO-A lackluster investment performance in 2000 could turn around in 2001 from an expected drop in interest rates this quarter by the Fed, according to a new market analysis by the Orlando office of Grubb & Ellis Co.

Returning to the investment fold will be pension fund players hunting for buys in industrial and class A office, Grubb investment specialist Steve Flanagan tells GlobeSt.com. Strong net absorption in 2000 in the office, retail and multifamily markets should also rekindle interest.

A continued perception of a supply/demand imbalance in the Orlando market should temper the recovery in apartment sales volume,” Flanagan says. “The key to transaction volume in 2001 may be the willingness of investors to buy at price levels demanded by owners under no pressure to sell.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.