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2016: The Year of the Asset Manager?

IRVINE, CA—Office owners are not going to be able to rely on rent growth, so they will need to focus on value engineering and lease structuring in order to see greater returns on their investment, New York Life's Thomas O'Hanlon tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on January 26, 2016

IRVINE, CA—Office owners are not going to be able to rely on rent growth, so they will need to focus on value engineering and lease structuring in order to see greater returns on their investment, New York Life Real Estate Investors‘ managing director Thomas O’Hanlon tells GlobeSt.com. As we recently reported, his firm’s recently acquired 18201 Von Karman, a 229,000-square-foot, 11-story, institutional-quality office building here, to be overseen by Greenlaw Partners. We spoke exclusively with O’Hanlon and senior director Chris Hunt about their plans for the property, the Orange County market and the outlook for office investment this year.

GlobeSt.com: What attracted you to 18201 Von Karman, and what types of upgrades are you planning or considering for it?

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