PHOENIX—Money was no issue if you are involved in localmultifamily or healthcare for the past five years, but if you werein office, from an institutional capital standpoint, it was aflyover state. That is according to MarkSingerman, VP and regional director of Arizona atRockefeller Group Development Corp.

During the recent RealShare Phoenix Metro conference, heexplained that "it was simply a 'no' at the loan committee leveland that is starting to change." He said that "they are nowstarting to realize that they have to drill into thesubmarkets."

If you take out the functionally obsolete buildings, Singermanexplained, "you are down in the single digits. Industrial hasalways been a sweetheart but the Southwest pipeline is full sowhere do you go?" He added that "the opportunity is in theSoutheast valley."

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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.