Part 2 of 2
LOS ANGELES-Industrial investors are shying away from risk and focusing more on core investments as they shift their strategies, according to speakers at the sixth annual CB Richard Ellis Southern California Real Estate Conference this week. “Pension funds have really changed their strategies,” explained Darla Longo, CBRE vice chairman and an industrial market specialist.
Longo joined other panelists to provide a quick capital markets overview, mostly surrounding the industrial sector, pointing out the shift in the capital flows that has accompanied the change in strategies by institutional investors. Part of that shift is the increasing focus on core properties, which in turn has intensified the competition for those properties and driven up prices, a point that CBRE CEO Brett White underscored in his remarks to the conference on Thursday.
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