Safe Harbor for Now
My trip to Israel this week (for a speech to Israeli investors in U.S. real estate) reinforced the view that offshore investors see the U.S. as their only sure shot safe haven. Israelis generally have proved extremely savvy investors and the group of over 120 I met with had little interest in Europe—still viewed as a basket case economy—and apparently even less in China and other parts of Asia—not transparent enough.
SAN DIEGO—Just like home buyers look to level up, we’re also seeing a bit more fluidity in typically middle-market groups seeking more institutional deals and vice versa, Avison Young’s Peter Sherman tells GlobeSt.com.
COSTA MESA, CA—A lot of the challenges facing community business banks—or all banks, for that matter—hinge on the interests of their investors, who in large part establish the culture of a bank, Blue Gate’s Chris Walsh tells GlobeSt.com.
SAN DIEGO—GlobeSt.com was in attendance for the opening session Sunday at MBA’s CREF/Multifamily Housing Convention and Expo 2017 where speakers provided their insights about the economy and commercial and multifamily real estate finance.
LOS ANGELES and TOKYO—The agreement will mark the Japanese conglomerate’s entry into US real estate asset management, although it has been active as an investor and developer here.