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Sales strategies for office product are moving off-market, according to brokers and investors on the Investment Sales Experts panel at Allen Matkins’ annual View From the Top conference, held yesterday at the Beverly Hilton hotel. The panel brought industry experts Kevin Shannon, president of West Coast capital markets at NKF; Darla Longo, vice chairman and managing director at CBRE; Chris Graham; managing director at the Blackstone Group; Tracey Murphy, executive VP of life science and Northern California at Kilroy Realty Corp.; and David Thomas, principal at LBA Realty, together to discuss real estate investment trends, where buyers and brokers agreed that off-market deals or select-marketed deals are garnering higher price tags than fully marketed transactions.

“I think there is an off-market premium,” said Shannon on the panel about institutional-quality or other large deals. “The Asian’s like the off-market deals, and we have done enough where we know where pricing is going to shake out. With those deals, the story helps.” He added that the team does market most deals to a select group of buyers, and focuses on Asian markets where “there is a lot of capital seeking a home in L.A.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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