Part 2 of 2
LOS ANGELES-Industrial investors are shying away from risk andfocusing more on core investments as they shift their strategies,according to speakers at the sixth annual CB Richard Ellis SouthernCalifornia Real Estate Conference this week. “Pension funds havereally changed their strategies,” explained Darla Longo, CBRE vicechairman and an industrial market specialist.
Longo joined other panelists to provide a quick capital marketsoverview, mostly surrounding the industrial sector, pointing outthe shift in the capital flows that has accompanied the change instrategies by institutional investors. Part of that shift is theincreasing focus on core properties, which in turn has intensifiedthe competition for those properties and driven up prices, a pointthat CBRE CEO Brett White underscored in hisremarks to the conference on Thursday.
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