(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).
LOS ANGELES- “The continued volatility of the global capital markets and the corresponding anemic returns generated by the stock and bond markets continues to drive institutional equity into commercial real estate.” So says Marc Renard, executive managing director of the capital markets group at Cushman & Wakefield of California. “On a weighted average risk adjusted basis core commercial real estate has and will outperform other asset classes.”
Renard—who will moderate an investment panel titled: “Unearthing the Investment Opportunities in 2012”—joins a host of other high-level executives at RealShare REAL ESTATE 2012 on March 22nd in Downtown Los Angeles.
Renard tells GlobeSt.com that the global search for durable yield and the aversion to risk bode well for the industry. “Limited new construction, signs of economic expansion and a low interest rate environment provide compelling justification for long-term aggressive rent growth,” he says. “As a result, 2012 should prove to be an excellent vintage year for strategic acquisitions.”
Joining Renard’s panel will be Victor Coleman, chairman & CEO of Hudson Pacific Properties Inc.; Mark Higgins, president of Cornerstone; Stanley Lezman, CEO of American Realty Advisors; Jessica Levin, director of acquisitions at Intercontinental Real Estate Corp.; and Jeffrey Quicksilver, managing principal of Walton Street Capital LLC.
The RealShare event, produced by ALM's Real Estate Media Group, is picking up steam. According to Daniel Ceniceros, VP of strategic development for ALM’s real estate media group, more than 1,000 are expected to attend, including 70 of the industry’s top executives as speakers and presenters.
The event at the Westin Bonaventure Hotel begins with breakfast/registration at 7 a.m. and continues with a full day of presentations and panel sessions until concluding with a combination cocktail reception and networking hour beginning at 4:30 p.m. As the momentum is buildings for RealShare Real Estate 2012, this year's annual conference will feature something for everyone, including an afternoon panel of industry leaders including moderator Lew Feldman, partner of Goodwin Procter; Richard Ziman, chairman of AVP Advisors and John B. Kilroy Jr., president and CEO of Kilroy Realty Corp., among others.
“We’re looking forward to another great Real Estate outlook event,” says Ceniceros. “Attendees will be able to choose the track that best suits them as the panels will focus on all property types.”
Tony Natsis, a partner at Allen Matkins, and moderator of the afternoon brokerage insights panel, tells GlobeSt.com that the investment opportunities in 2012 will be in key office markets, namely San Francisco, Silicon Valley, and West Los Angeles, which saw robust investment activity over the second half of 2011. “Investors will continue to focus on core and core-plus acquisitions in those areas in the next year,” he says. “While the coming wave of loan maturities and the massive amount of debt already past-due will result in some movement of property, presenting an opportunity for investors, there won’t be a wide-scale transfer of mortgaged property this year.”
Joining Natsis’ panel are Christopher Cooper, CEO of Charles Dunn; Lew Horne, executive managing director of CBRE; Martin Pupil, regional managing director of Colliers International; Joseph Vargas, EVP of Cushman & Wakefield of California; and Richard Walter, president of Faris Lee Investments.
Multifamily panel moderator Laurie Lustig-Bower, EVP of CBRE, tells GlobeSt.com that the multifamily market for 2012 is showing signs of further strengthening. “Most apartment owners in Los Angeles have reported increased net effective rents from 2010 to 2011 and we expect this trend to continue throughout 2012,” she says. “We also anticipate occupancy rates to improve and on an overall market basis, tighten to greater than 95%.”
Lustig-Bower continues that “With unbelievably low interest rates available for multihousing and a lack of apartment buildings on the market, cap rates should remain relatively low throughout 2012. We expect to see more properties transact in 2012 compared to 2011 as sellers take advantage of the low cap rate environment coupled with their improved net operating income.”
Other key speakers at the day-long event include: Scott Farb, managing principal of the Reznick Group; Chris Thornberg, principal of Beacon Economics; Michael Cohen, global strategist of Property & Portfolio Research; Alexandra Glickman, area vice chairman of Arthur Gallagher & Co.; Stephan Kachani, VP of Loan Oak Fund; Rudy Kramer, SVP of US Bank; Jess Bressi, a partner at Luce Forward; Greg Garrabrants, CEO of ApartmentBank; Jeffrey Morgan, EVP of UGL Services-Equis Operations; Frank Campbell, market managing director of Equity Office; Rich Shlemmer, principal of Shlemmer+Algaze+Associates; Hessam Nadji, managing director of Marcus & Millichap; David Wensley, partner of Cox, Castle & Nicholson LLP; Andy Cohen, executive director of Gensler; John Gabriel, SVP of real estate at LA Fitness; Markley Lumpkins, SVP of real estate and facility operations at Fox Group; Tom Porter, VP of real estate at Edwards Lifesciences; Kristina Raspe, director of real estate at University of Southern California.
Check back to GlobeSt.com on Thursday morning for a more detailed story on the investment market from RealShare moderator Tony Natsis of Allen Matkins.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
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.
