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.”
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