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Institutions Are Buying Old Industrial Product

LOS ANGELES—With the limited supply of institutional-quality industrial product in Los Angeles, institutional investors are buying vintage product to remain active in the market.

Bret Hardy Bret Hardy

LOS ANGELES—Institutional investors want a piece of the booming Los Angeles market. Bret Hardy recently joined Newmark Grubb Knight Frank as executive managing director to build an institutional industrial investment sales platform, and says that demand from institutional investors is climbing in the Los Angeles market.

“Institutional mandates for infill, high-barrier to entry locations continue to grow across product quality, relative to overall fund allocations and new entrants into the market,” Hardy tells GlobeSt.com “Foreign and large private capital investment are adding additional competition for what few opportunities exist in the market today.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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