L.A. Ranks In Top Global Markets

LOS ANGELES—At the annual Milken Institute Global Conference last week, Lew Feldman, partner and Los Angeles chair of Goodwin Procter, led a group of industry experts through a discussion of the world’s most ripe investment markets. The experts on Feldman’s panel, Where in the World Are Real Estate Opportunities, included William Kahane, CEO of RCS Capital; William McMorrow, chairman and CEO of Kennedy Wilson; Jonathan Pollack, global head of commercial real estate and head of risk for structured finance at Deutsche Bank; Henry Silverman, global head of real estate and infrastructure at Guggenheim Partners; and Sam Zell, chairman, Equity Group Investments.

To kick off the discussion, Feldman showed the ranking markets in the world. New York City topped the list with $47.2 billion in commercial real estate volume, followed by London and Tokyo, which have $44 billion and $31.8 billion in commercial real estate volume. Los Angeles ranks fourth on the list, showing a commercial real estate volume of $27.4 billion, followed by several other US gateway cities, including Washington D.C., San Francisco and Chicago.