Search
 

Will Coming Trades Help Establish Values?

New York City-The next 60 days should see some building trades that will firm up values, so said Douglas Emmett president and CEO Jordan Kaplan at RELA breakfast yesterday.

By Alyson Grala | Updated on November 16, 2010

New York City-On Tuesday, the Real Estate Lenders Association held a networking breakfast at the Yale Club here. The event was capped off by a presentation from Jordan Kaplan, president and CEO of Douglas Emmett, a Southern California-based REIT that is active in the commercial and multifamily property markets in California and Hawaii.

“There are a few trades coming in the next 60 days that will help to firm up pricing,” Kaplan told the crowd, alluding to the trouble establishing value in today’s market. For its part, Douglas Emmett recently closed a deal on Wilshire Bundy Plaza in Los Angeles that ran around $360 per square foot and there were several other trades in the area that closed at $400 a foot.

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.