NEWPORT BEACH, CA—Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby Land Co.'s Aaron Hill tells GlobeSt.com. The firm, a commercial real estate operator and investment manager in the western US, recently named Hill as president, extending an 11-year tenure at Bixby, where he most recently served as EVP and COO.
The move is a natural progression for Hill, who as COO has overseen day-to-day operations with a focus on portfolio management for the firm. Bill Halford, who has served as Bixby's president and CEO since 2006, retains his CEO position and continues to lead the strategic vision and growth of the company.
We sat down with Hill for a chat about the move, the company's goals and how he views the industrial sector.
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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.
