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COSTA MESA, CA—While the beginning of the year was quiet as investors regained their footing following the election, the number of investment transactions in the Orange County market has picked up since the summer, said speakers at RealShare Orange County here last Thursday. Speakers on the panel “Capital Markets: Technology, International and Private Investing Spur Growth” said the market is still a strong draw for both domestic and international investors.
The market is very active in refinancing and purchases, but long escrows have been a challenge because lenders only want to lock rate for 60 to 90 days, said Michael Derk, senior managing director, capital markets, for Institutional Property Advisors, a division of Marcus & Millichap Corp. “Buyers are getting fickle in secondary areas and are looking at the fundamentals more.”
The market is flooded with capital, and there aren't as many deals closing, but this is changing, said Jason Bressler, VP of Mesa West Capital. “The beginning of the year was quiet, but the summer picked up. People are settling down and money is burning a hole in their pockets.”
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Sule Aygoren
Aygoren oversees the editorial direction and content for ALM’s Real Estate Media Group, including Real Estate Forum and GlobeSt.com. In her tenure with ALM, she’s held roles of increasing responsibility, including Managing Editor. Aygoren has received several awards for her coverage including Best Trade Magazine Report from the National Association of Real Estate Editors and the James D. Carper Award for Young Journalists. Under her direction, Forum has received four national NAREE awards for Best Commercial Real Estate Trade Magazine.
