DALLAS—In the second panel of yesterday's RealShare Dallas conference, “Transactions in Focus,” buyers, sellers and other dealmakers lent their perspective on the area's active commercial real estate scene.
Moderator Drew Kile, director of Institutional Property Advisors, led a panel that included Vic Clark, managing director for multifamily, Hunt Mortgage Group; Amish Gupta, chief operating officer, Real Estate Tax Consultants; Gary Walker, managing principal, Coldwell Banker Commercial Alliance; and Rick Medinis, executive vice president and principal, NAI Robert Lynn.
Clark got the ball rolling with his assessment of the local market: “There's never been a better time to borrow money.”
Kile, whose company deals in large, $20-million-range multifamily transactions, agreed.
“There's a huge influx of people using floating rate debt,” he said.
Walker added that professional-service companies and call centers make up a large portion of typical tenants in the area.
Two major developments stand out for Medinis, who cited Prologis' one-million-square-foot space in Carrollton and Vought Aircraft's Grand Prairie facility, which, at 3 million square feet-plus, is in the process of being marketed.
He invoked “Bobby” Lynn, namesake of his firm, who once said: “There's a user for every building.”
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