GRAPEVINE, TX-The recession has caused a demand for trophy assets by commercial real estate investors wanting to make a safe transaction, but less buildings are being given that upper-end status, said Alan Pontius, a senior vice president and managing director at Marcus & Millichap Real Estate Investment Services. He spoke here with GlobeSt.com’s John Salustri at the recent RealShare Distressed Assets conference.
They also talked about:
- Trends in sales values and “extend and pretend.”
- The importance of evaluating assets.
- Views on the value of fringe assets.
- How the distressed market fits in with the overall commercial real estate market.