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LOS ANGELES—In an exclusive GlobeSt.com interview withAlex Kozakov and Patrick Wade,first vice presidents with CBRE and co-leaders of a retailinvestment sales team based in Downtown Los Angeles, the teamdiscusses the increasing convergence in pricing between stabilizedcore and value-added retail assets. The team tells GlobeSt.com thatin the past, they have seen a much larger cap rate spread betweenstabilized retail assets and those that present an opportunity forthe buyer to add value. Over the last few quarters, however, theyhave noticed a narrowing of the gap between the cap rates andprices per foot for these assets. As a result, owners of “troubled”or value-add properties are receiving similar prices to owners ofstabilized properties.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
