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Aaron Hill Hill says some of the potential risks Bixby is watching in the industrial sector include normal threats like overbuilding and building obsolescence as well as fulfillment-chain evolution, technology and automation disruption, the price of oil, the Panama Canal expansion and geopolitical uncertainty/trade.

NEWPORT BEACH, CA—Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby Land Co.’s Aaron Hill tells GlobeSt.com. The firm, a commercial real estate operator and investment manager in the western US, recently named Hill as president, extending an 11-year tenure at Bixby, where he most recently served as EVP and COO.

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.

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