Arthur Flores Flores: “Private family-office type groups historically have been very aggressive in the $1-million to $10-million space, but in the last 10 years, they have been taking down projects well north of $10M—some up to $50 million.”

FULLERTON, CA—The entrepreneurial nature of family offices, private-equity groups and high-net-worth individuals makes them less risk averse than institutional investors, but riskier ventures like value-add retail opportunities are now few and far between, CBRE broker Arthur Flores tells GlobeSt.com.

As we recently reported, Flores and Shaena Cushman represented seller Fiesta Distribution LLC, a local family office based out of Orange County, in the sale of a retail shopping center here to private investment company SCB Inc. for $24.5 million. Fiesta had purchased the center as a value-add opportunity in 2011 and immediately implemented a reposition strategy for it; through these upgrades, the seller was able to attract 24 Hour Fitness to the property and renew Best Buy‘s lease for an additional 10 years, adding significant value, according to Flores.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.