L.A. Number One For Institutional Capital

LOS ANGELES—The L.A. investment market is on fire for both institutional and private capital, according to speakers on the State of the Industry panel at RealShare Los Angeles this week. Jodie Poirier, managing director at CBRE; Adam P. Christofferson, SVP of the Southern California Division at Marcus & Millichap; Jim Wiegandt, director of retail property lending at Luther Burbank Savings Bank; and moderator James Malone, VP of leasing at Brookfield Property Partners, discussed the investment market in Los Angeles, the submarkets with the most opportunity and why investors are coming to Los Angeles.

“CBRE survey shows that L.A. is the number one market for institutional capital placement.,” said Poirier on the panel, adding that the L.A. market has ranked number one for the last two years, and before that it was San Francisco. Private capital is also very active in the market, she said, with 57% of deals in the first quarter coming from private investors.