SEATTLE—“We are seeing our institutional clients reinvesting intheir existing stabilized assets because there is so much momentumthat pricing starts to get out of whack.” So says AnjeeSolanki, who has recently been named to the newly createdposition of national director, retail services | USA at locallybased Colliers International, as GlobeSt.com reported exclusively.

“Within their own portfolios, clients are evaluatingopportunities for densification, to add additional GLA [grossleasable area], to create new value,” she explains in the latestedition of Colliers International's KnowledgeLeader magazine. “And it's helping them, as they go throughtheir own internal analysis, readjust the value of their projectsbecause they're able to reduce the cap rates to a certainextent.”

Bob Browning, VP of retail services at the firm, based inWashington D.C., says that in his region, the tenant side of retailis very active, especially on the food side. “You have a lot of newconcepts coming in,” he says. “They're actually classifying a newcategory of fine casual dining: fine fast casual.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.