Is Anyone in CRE Concerned About the Election?

The investment panel at Allen Matkins View from the Top discussed the upcoming election.

LOS ANGELES—We don’t spend a lot of time thinking about it; we spend more time joking about it,” David Lapidus, managing director of acquisitions and development at Tishman Speyer, said at Allen Matkins’ View From the Top conference about the upcoming election. The panelists discussed the election and the forecast for the upcoming year, including Devin Peterson, principal of real estate at the Blackstone Group; James Rodgers, EVP and head of acquisitions at KBS Capital Advisors; Kevin Shannon, president of West Coast capital markets at NGKF and moderator Tony Natsis of Allen Matkins.

After his quip, Lapidus admitted that there is some worry about Hillary Clinton not winning because of the unpredictability with Donald Trump. “If Hillary wins, there will be a lot less volatility,” he said, adding, “I don’t think the election will make a difference.” Rodgers added that some people are increasing their allocations now and waiting to see what happens in the election.