LAS VEGAS—During a general session at the recent ICSC Las Vegas titled "Deal or No Deal," a panel of experts discussed market dynamics, consumer demands, and strategic investment planning. Karly Iacono, Senior Vice President of the Investment Properties Group at CBRE's Capital Markets, emphasized the current centrality of interest rates in real estate.
"At present, everything hinges on interest rates," she said. "Most investors enter the real estate arena seeking profitability and stable cash flow. When debt terms fail to align with the purchase value, securing deals becomes challenging, especially if they don't promise positive cash flow."
Iacono highlighted the dual impact of inflation: while it can drive up rents, the escalating cost of capital often outpaces this growth. Despite robust fundamentals, she cautioned about limitations posed by capital markets. Notably, she observed sustained activity in single-tenant properties, particularly among discount retailers like Dollar General, Dollar Tree, and Aldi, which continue to thrive in the current market landscape.
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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.
