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Do We Have a Significant Buying Period Ahead?

IRVINE, CA—Over the past six months, we have seen significant pullback in asset values and a series of failed processes, particularly in the office segment, which could accelerate due to macroeconomic factors, Pendulum Property Partners’ Kevin Hayes tells GlobeSt.com EXCLUSIVELY.

Kevin Hayes Hayes: “Dislocation is good for a buyer if you believe, as I do, that fundamentally the activity at the street level is solid.”

IRVINE, CA—Over the past six months, we have seen significant pullback in asset values and a series of failed processes, particularly in the office segment, which could accelerate due to macroeconomic factors, Pendulum Property Partners‘ founder and managing partner Kevin Hayes tells GlobeSt.com. A real estate firm that owns, operates, develops and manages commercial and multifamily real estate, Pendulum recently launched with more than 3.4 million square feet of product under management. Services offered by the new firm include acquisitions and dispositions, asset management, property management and construction and development. We recently caught up with Hayes, formerly with Lincoln Property Co., to discuss Pendulum’s stance on what lies ahead for the industry and how property owners can prepare for it.

GlobeSt.com: Why do you feel we have a significant buying period ahead of us? What is causing it?

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Carrie Rossenfeld

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.

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