GlobeSt.com's West Coast Editor Natalie Dolce has another special report, with an interesting international focus.
Patrick Crandall, a senior managing director in the Los Angeles office of Cushman & Wakefield—who spent time in Tokyo after the last downturn—tells GlobeSt.com that although investment opportunities are hot in Japan, it will be very difficult for non-institutional players to compete for class-A assets.
One of the reasons, he says, are that in order to transact in Japan—among most other countries—“you really need to have boots on the ground, a local partner, or both.” Crandall also points out that class A properties in Japan tend to be really large, so “they are harder for non-institutional players to take down deals of scale.”
Check back on AUGUST 15 for the full story.
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