LOS ANGELES—“Historically, over the last two to three years, Ithink the returns have been better in the Western region,” saysRichard Lewis, a principal at CommonwealthPartners LLC, in a video interviewat Allen Matkins recent View From the Top conference, whichGlobeSt.com has exclusively obtained. The video offers insightsinto the real estate investment market from the country's top-tierexperts. Lewis goes on to say, “Effective rents relative to valueswere better on the West Coast as opposed to the East Coast, and weare finding that has become more of a parody nationally.”


The video report interviews the experts that spoke on theevent's real estate investment panel, and records each speakersrecap and personal analysis as well as highlights from the paneldiscussion itself. “We put the industry leaders together fromKilroy Realty, Hudson Pacific, CBRE, Eastdil Secured and others whoshared their insights in regards to how the California market hasbeen effected by the economic recovery, job growth, the influx offoreign capital into the coastal markets and other fundamentaldrivers,” Tony Natsis, an attorney at AllenMatkins, tells GlobeSt.com


The video captures experts discussing everything from the mostbooming markets to the best way to maximize an investment's return.The good news, according to the experts, is that the slow recoveryhas created much more transparency with less irresponsiblebehavior. “We're not seeing some of the irresponsible underwritingand lending practices that we saw at the peak of the market,” saysKevin Shannon, vice chairman atCBRE Investment Properties.


Although most of the leaders had a bright outlook, they did talkabout the potential for a downturn, which will inevitably happen atsome point. “What do you do to get ready for whatever that cyclecould be,” Victor Coleman, CEO of HudsonPacific Properties, asked the audience. M. EliKhouri, EVP and chief investment officer of KilroyRealty, added, “You have to put yourself in a position totake advantage if it does end with a thud.” One interesting pointmade by Coleman is that the tech and media industries are drivingthese investment markets; however, the companies are so new thatthey have not yet had to survive a downturn. DavidOsias, managing partner at Allen Matkins, had the samethought, explaining that these companies “are everyone's darlingsright now, but whether they have the management power to lastthrough a down cycle will be interesting to see. There is abust cycle eventually.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.