Sound Bites from NAIOP’s Development ‘13: The Annual Meeting for Commercial Real Estate in San Diego
Some highlights from NAIOP's Development ‘13: The Annual Meeting for Commercial Real Estate in San Diego, Calif.
“We’re trying to get our arms around how tenants are using space. What was efficient five years ago may not be now. It’s evolving so quickly.” John Menne, managing director, MetLife Real Estate Investors
“There’s $3 trillion in debt hanging out there. Who’s going to fill the void? Who’s going to step up in 2015 and 2016?” Daniel MacDonnell, managing director, Cushman & Wakefield
On why foreign investors — particularly those from Asia — are keen on U.S. commercial real estate: “They look at the U.S. market like a bond market.” Daniel MacDonnell, managing director, Cushman & Wakefield
“Retail has been resilient in terms of fundamentals. Very positive absorption bodes well for NOI growth. We’re beginning to see local tenants starting to expand.” Stuart Tanz, CEO, Retail Opportunity Investments Corp. (ROIC)
“What’s filling [retail] vacancies? What you can’t get on the Internet.” Nancy Johnston, managing partner, Epsteen & Associates
On responding to the growing trend of employees who bring their dogs to work: “Dogs are coming to an [office] building near you. Think about the landscaping early, because if you think about it late, you won’t have any landscaping left.” A-P Hurd, vice president, Touchstone