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The Los Angeles Business Journal hosted a FREE commercial real estate forum discussion, on February 23rd. Our panel of experts weighed in on 2022’s latest developments and how the Los Angeles commercial real estate market will be impacted.
PANELISTS & TOPICS INCLUDED
THE OFFICE CONUNDRUM
Jodie Poirier (Moderator)
Executive Managing Director
Colliers
“The pandemic accelerated many trends that existed well before March 2020, including flexibility around how, when, and where we work. The office isn’t dead. It will emerge from the pandemic in a form where flexibility will reign supreme.”
Joseph Faulkner
President Brokerage
NAI Capital Commercial
“While everyone is going to embrace some remote working accommodation, companies will and have adjusted. Forty hours in the office is dead but 40+ hours of working is not. Still as a marketing firm, when we hire, new hires still want to see the office and where they would sit.”
Laura Stumm
Senior Managing Director
Newmark
“As investors fatigue from increasingly low yields and competitive bidding pools for industrial and multifamily product, we have seen increased interest in office investment across the risk spectrum. The Los Angeles market in particular is buoyed by booming tech, media, life science, and FIRE industries that benefit from the interpersonal collaboration that an office provides.”
Grafton Tanquary
Executive Vice President
CBRE
“I am seeing many of our clients change the way they look at space. Whether it is our landlord clients or occupiers, many are using this time as an opportunity to create or find spaces that magnetize culture and provide an environment that entices employees to come in and collaborate in a way they can’t remotely.”
DEVELOPMENT TRENDS
Kofi Nartey (Moderator)
Chief Executive Officer
GLOBL RED
“The last two years have taught us that anything can happen in the market. Therefore, technology, creativity and thoughtfulness must be a part of future-proofing development projects that are starting now.”
Ted Hyman FAIA, LEED AP® BD+C
Managing Partner
ZGF
“It is our responsibility to have a positive impact on those who experience the places we build and the communities in which we build them. We must use those opportunities to respond to the challenges we are facing, including combatting climate change and creating equity and justice.”
Lawrence N. Taylor
Founder & CEO
Christina
“LA is a resilient market that continues to attract global real estate investments. We believe that buying well located properties is the cornerstone of successful real estate investing. Our focus on the Westside region of Los Angeles is the perfect landscape for real estate ownership given its limited supply and increasing demand.”
Alex Valente
Senior Vice President
Trammell Crow Company
“Housing was already a very emotional decision for many renters. The pandemic has only heightened renters’ consciousness about housing conditions and decisions.”
INDUSTRIAL TRENDS
Asher Luzzatto (Moderator)
President
The Luzzatto Company
“Humans turned the minerals of the Earth into the internet. Innovation is natural.”
Phillip J. Bond
Executive Vice President, Chief Credit Officer
Farmers & Merchants Bank
“At Farmers & Merchants Bank we are first and foremost real estate lenders. The commercial real estate markets that surround us are something we are very attuned to with particular attention to values and emerging trends.”
Mike Condon, Jr.
Vice Chairman
Cushman & Wakefield
“We are at an inflection point watching the rise of e-commerce and logistics grow more and more efficient changing the landscape of consumption and distribution. Our team at C&W is watching, reacting, and advising on these shifts.”
Lisa Reddy
Vice President
Prologis
“More than ever, companies recognize the critical role that logistics real estate plays in their supply chains and how being in the right location impacts operations.”
CONGRATULATIONS TO ALL 2022 NOMINEES!
Inside This Supplement
F&M Bank Chief Credit Officer offers insight on the current state of commercial lending… Read More
Los Angeles’ Industrial Market Remains Steadfast
While Navigating Challenging Waters Coronavirus Impact Survey Reveals Light at the End of the Tunnel
Over the last two years, our industry has experienced a significant pandemic induced shift, presenting numerous challenges in conducting business…. Read More
How Commercial Real Estate Impacts the Economy
The impact of new commercial real estate development and of the ongoing operations of existing commercial real estate buildings in the United States continues to grow, according to the annual… Read More
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