Investment Market Will Have Record Year-End Volume, Says HFF's Cruz

EAST RUTHERFORD, NJ—Multifamily and “grocery-anchored” retail are high on investor shopping lists, says José Cruz, managing director of HFF and the investment market is “white hot,” says Brian Hosey of Marcus & Millichap. The two are panelists at RealShare New Jersey this morning.

In comments provided exclusively to GlobeSt.com in advance of his appearance at the conference, Cruz says, “Multifamily continues to be a safe haven for investors seeking stability and annual growth, keeping prices for this product type at cap rates in the fours for the ‘best of the best’ assets.  This year has also seen an increased demand for retail assets, specifically grocery anchored, propelling those cap rates also into the fours and fives, which is well below the historic norm for this asset class.”