If you're patient, the pendulum swings back. At Allen Matkins' sixth annual View From the Top, we heard that development is once again becoming the name of the game.
Partner Tony Natsis told the crowd of 800 at the Beverly Hilton that we now have a very robust real estate market with a lot of players who have money and want to buy commercial assets—in particular office buildings. Demand is back to where we were in the middle of the last decade. According to Tony, it's no longer the case that only a few people who have equity or the ability to get debt can play. (Sounds like golf.) Video courtesy of Allen Matkins.
Eastdil president Michael Van Konynenburg kicked off the program with an economic overview. In this behind-the-scenes interview, "Michael VK" shares his thoughts on Treasuries, interest rates, and his belief that LA is on track to be in the Top 5 markets this year. (Start getting the trophy cases ready.)
A panel discussion included Hudson Pacific Properties SVP of acquisitions Alex Vouvalides. To hear Alex talking about HPP's first acquisition in Seattle, as well as his thoughts on the Westside and Downtown LA—one of a number of behind-the-scenes interviews we'll be running in the coming weeks—click here.
Tony will be in the spotlight again as one of the moderators at our SoCal Capital Markets Summit
, Sept. 26 at the Beverly Wilshire Hotel. He plans to grill panelists on their strategies
and predictions. "If I call them a year from now, where would they be looking, and why?" he asks. (Presumably we'll all be more depressed living in a world without Breaking Bad
.) At home, Tony's the czar of academics
: Older son Niko
is a senior at the University of Michigan, younger son George
is a sophomore at the same school, and daughter Marialexa
will be playing volleyball at Amherst. He says the problem when your children get really good educations is that they turn out to be a whole lot smarter
than their parents. According to Tony, they're able to out-negotiate him and wife Demetra
Before switching to pumpkin spice latte, we wanted to feature a few more summer vacation photos. Blending in with the scenery is Stan Johnson associate director Derek Layne
, visiting the Fushimi Inari Shrine in Kyoto. He's traveled extensively in Southeast Asia, and this trip included Japan and the Philippines
. The single-tenant, NNN specialist couldn't help comparing real estate. He says the Shibuya
neighborhood is the Times Square of Tokyo, bustling at all hours of the night, and Makati
in Manila is like the Century City mall. (He took the above selfie
with a hand-held remote control.)
Developer Bob Champion
and wife Margie
traveled to Princeville, Kauai.
JLL's Janice Cimbalo
went snorkeling in Mexico with a friend. As a home and defense tool, a turtle shell is the ultimate in mixed-use.
Where are you favorite places to visit in the fall? Tell Julie@bisnow.com and we may feature some of our favorites in an upcoming issue.