IRVINE, CA—There will be a significant number of office properties coming to market over the next two years as owners who acquired value-add investments over the past few years and implemented their business plan begin to sell, JLL's G. Ryan Smith tells GlobeSt.com. Smith, an industry veteran who has more than 22 years of real estate experience, was recently hired as an EVP based in Orange County and will be a key member of JLL's capital-markets team in the southwest region, led by Michael Zietsman. We spoke exclusively with Smith on his view of the Orange County office-investment market.
GlobeSt.com: How will the next couple of years in the Orange County office investment market differ from the past two years?
Smith: There will be a significant number of properties coming to market over the next two years as owners that acquired value-add investments over the past few years and have successfully implemented their business plan begin to put these properties up for sale. Also, just within the last 12 months, Orange County has seen significant fundamental market improvement (lease rates, occupancy, etc.), which will allow investors to maintain a positive outlook for the foreseeable future.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
