As Troy Simmons, regional vice president of Spectrus Realty saidduring the "Who's Buying, Who's Selling and Why in San Diego?"panel, if you're a long-term holder like the Irvine Co., it canmake sense to buy right now and hold; it does not pencil as easily,he added, if you're looking for a value-add play with a flip aftera few years' hold.

"I heard someone at the ["Debt & Equity Capital Markets"panel] say 'you should buy in SoCal and keep in SoCal because itwill always appreciate.' While that may be true, what if yourclient is 80?" Simmons asked, adding that not every investor wantsa buy and hold model, particularly in the TIC world, where Simmonsresides.

In the most crowd-pleasing segment of the day, RealShare offeredits spin on "Pardon the Interruption", the popular ESPN series. Theconference version featured Stath Karras of Burnham Real Estate andMark Read of CB Richard Ellis squaring off in a rapid-fire Q&Asession.