LAGUNA BEACH, CA—GlobeSt.com was in attendance at the 20th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing, where more than 1200 attendees gathered on Wednesday morning in Laguna Beach, CA. The morning's "Macroeconomic Factors" session brought attention to key topics such as interest rates, inflation, and bank activity.
Panelists observed that private commercial real estate is currently approaching fair value as bond yields decline. Despite a deceleration in real estate fundamentals, they remain relatively robust. Panelists emphasized the positive standing compared to previous periods, highlighting the interest rate story and relatively stable bond yield changes. They noted that while debt costs have spiked, they have since cooled.
Addressing the banking sector, Spencer Schlee, Managing Director of Canyon Partners Real Estate, pointed out that troubled assets on the balance sheets of banks have emerged as a significant concern. "This situation presents an opportunity for alternative lenders to step in," he said, albeit at a higher cost of capital. The presence of these alternative creditors is putting permanent pressure on the bid-ask spread in the market.
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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.
