(To read more on the debt and equity markets, click here.)

NEW YORK CITY-CB Richard Ellis's Jeffrey Dunne said he's seeingthemes crop up again and again. First, the holding period for realestate is getting shorter and shorter each year. "The cycle is muchquicker," he said during a capital markets outlook at the UrbanLand Institute's first Regional Trends Conference. The event wasjointly organized by ULI New York, ULI Northern New Jersey and ULIWestchester/Fairfield.

"Buyers are more selective with their time and willing to paypremium for assets," he added. Another theme is that lenders areplaying a more important role in the bidding process. He noted thathis "rolodex has changed. There are so many new buyers. The buyerlist is so deep." He added that one new class of investor is theTIC environment. "Who knew who TICs were five years ago?"

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.