LOS ANGELES—Commercial real estate experts are gathering today at the Hyatt Century Plaza in Century City to discuss all aspects of the market and offer an outlook for the year. Among those attending are Alexa Mizrahi, loan originator at Lone Oak Fund, who will be discussing capital markets trends; Sagiv Rosano, founder and president of Rosano Partners, who will be offering the brokerage perspective; Hessam Nadji, chief strategy officer and director at Marcus & Millichap, who will be talking about the state of the real estate market; Gary Steinhardt, senior director at American Realty Advisors, who will be discussing capital shifts to alternative markets; and Rob Paratte, EVP of Kilroy Realty Group, who will be sharing insights on redevelopment and reinventing spaces.

“Right now, the big money is being made in creating core product,” Steinhardt tells GlobeSt.com while preparing for the event. “So ultimately, look for what you can build and sell to core buyers.” He is looking forward to discussing the new and traditional capital sources on his panel, Identifying Opportunities in in Alternative Markets. “Hopefully, everyone learned from the mistakes and with assistance from new technologies, such as Jilliene's Realty Mogul platform, are better prepared this time. I am also interested in Noah's views on how one underwrites these new forms of sponsorship and Paul's view on how they differ from more traditional capital sources,” he says.

From the brokerage perspective, Rosano sees an increase in activity in the B and C multifamily product, but says there is still plenty of competition even on overpriced assets as well. “With the market so competitive, we see buyers driving more towards non-rent controlled product,” he tells GlobeSt.com. “Buyers are asking sellers to deliver the property vacant or with some vacancies. Since rent-controlled properties are priced so high, it's hard for them to meet their profit margins or even get financed without a huge down-payment.” 

As a developer, Paratte isn't looking for core assets. He is looking at emerging markets with strong demographics and properties with a redevelopment play to find the best yields. “I think the trend is that the core buyers are going to be buying existing projects that are leased and done and have no risk,” he tells GlobeSt.com. “For the opportunistic players, you have to purchase something with a development angle that needs to be repositioned.”

These are just a few of the thoughts from the dozens of L.A. market experts who will share their insights today at RealShare Los Angeles. Please join us at the Hyatt Century Plaza in Century City.