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Hines executive Colin Shepard speaks with GlobeSt.com's Alyson Grala about the office market during Real Estate 2010. Watch the full video on GlobeSt.TV.
A lot of buildings that had a significantly greater debt, Shepherd said, were not in a position where they could not replace debt when it came due.
Recently, for tremendous product, Shepherd said, "we have seen cap rates drop as low as 7 again," which he says is an indication that there is capital again. "There is capital on the sidelines that wants to get into the market and there are very few deals that are transacting. There are very few landlords that are willing to sell in this marketplace, which has oddly enough driven to the scarcity of product."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
