OLYMPIC VALLEY, CA—At the GlobeSt. Women of Influence conference's breakout capital markets session, industry experts delved into significant trends shaping the commercial real estate capital markets. Moderator Ellen Comeaux, Commercial Division Leader of TIAA Bank, highlighted the remarkable performance in 2021 and 2022, with record-breaking results. However, she acknowledged that the landscape is currently marked by uncertainties, including bank failures and increased regulatory scrutiny, leading to a cautious market sentiment. As a result, the volumes observed in 2021 and 2022 are not reflective of the current market conditions, although she expects stability to return in 2024.
Natalie Greenberg, Chief Operating Officer of MJW Investments, also noted a decline in acquisition volume and refinancings since mid-2022. Her company, in particular, has made fewer purchases, but has been focusing instead on optimizing operations, managing expenses, and addressing assets with floating rate loans. Overall, she pointed out the significant shift from a year and a half ago.
Eliza Gozar, SVP of Investments at Sabra Health Care REIT Inc., shared similar insights, emphasizing the substantial drop in volume. For Sabra Health Care REIT, they have become highly selective in deploying capital, leading to strategic dispositions in recent years. This approach reflects the cyclic nature of the market, she said.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
