A market once highly dependent on the auto industry has seen the proliferation of bulk warehouses devoted to e-commerce, logistical facilities, and medical supply buildings.
While the high yields, relative to grocery-anchored shopping centers may look attractive, shopping center investors should give much thought to whether the risk is worth the potential reward.
“In all candor, we see more opportunity in Asia for risk-adjusted returns than we do here,” says Philip Mintz with Apollo Global Management's US and Asia real estate equity business..
Real estate investors interested in owning stand-alone quick-service restaurants should focus on lease terms, location and tenant credit-worthiness. Investors should also understand trends driving fast-food success.
The Hudson Waterfront and Somerset/I-78 East Corridor weighed heavily on the market, and, as a result, the office sector overall registered its slowest first quarter in more than two decades.