(RealShareOrange County convenes at the Hyatt Regency,Irvine, August 16.)
ORANGE COUNTY, CA-““While the effects of the recession have beenfelt more in the secondary industrial markets, Orange County is aprimary market and hence pricing has been very strong.” So saysRick Putnam, managing director of the westernregion of Colliers International’s capital marketsgroup based in Irvine, CA. Putnam will serve as a panelist in asession titled; “Local Leaders: Who is Buying, Selling andFinancing Orange County” at RealShare Orange County, which will convene atthe Hyatt Regency, Irvine on August 16.
According to Putnam, “Even here, though, there is a bifurcationin pricing between the ‘A’ and ‘B’ assets, with the largerinvestors focused on newer product with high credit tenancies.”Properties with smaller suite sizes, less occupancy, and lessercredit, he says, see higher cap rates and tougher financing terms.“Even so, Orange County remains a favored institutional investmentmarket due to its diverse economy.”
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