LOS ANGELES-There are reasons for concern in the commercial real estate industry, among them job stagnation, the European debt crisis and the slowdown in the CMBS market. But most professionals seem to agree that the multifamily sector is performing well right now, said Lillian Chen, a tax partner at Moss-Adams LLP, a new GlobeSt.com Thought Leader firm. She spoke here at the recent ULI conference with GlobeSt.com's Bob Howard.
The two also discussed:
- Where cap rates stand in the multifamily sector and the deployment of capital.
- Concerns about IRRs in multifamily.
- Why it's important to put tax considerations in place well before a transaction takes place.
- Where the commercial real estate market will be a year from now.
Look for quarterly Thought Leadership columns from Moss Adams professionals starting this month.
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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.
