NEWPORT BEACH, CA—A “forest for the trees” mentality, inaddition to seeking yield for investors, is causing firms based inother markets to expand to the West Coast, creating more demand fortalent in a tight market, RETS Associates principal Kent Elliott tells GlobeSt.com. Elliott says that thereare a lot of out-of-region and foreign companies that are moving toCalifornia and the West Coast in general to open new offices and take advantage of thestrong market fundamentals here. Naturally, this is having animpact on the hiring landscape. We spoke with Elliott about thatimpact and what it means for CRE professionals.
GlobeSt.com: What are you noticing about real estatecompanies with footprints in other markets—both domestically andinternationally—expanding to the West Coast?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
