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Insiders Point to Global Opportunities

LOS ANGELES-As cap rates and interest rates rise nationally, attention has shifted to the global markets.

By Nellie Day | Updated on March 28, 2007

LOS ANGELES-Experts attending RealShare’s Real Estate 2007 conference at the Los Angeles Convention Center yesterday said that many of the hottest markets to watch aren’t found locally. With an average of $4 chasing every $1-worth of Southern California property, many investors are looking for opportunities well outside of the Golden State.

More than 1,000 real estate experts attended the event. The RealShare Conference Series is produced by Real Estate Media, which publishes GlobeSt.com, Real Estate Forum and Real Estate Southern California magazines.

Though most experts remain bullish on Southern California’s market, many panelists expressed concern for what the national economy, regional housing slump and lack of land mean for commercial real estate investing.

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