During the Industry Leaders panel at the recent Connect Orange County in-person event, moderator Kurt Strasmann acknowledged that there are numerous factors impacting us. These include inflation, a potential interest rate cut, the upcoming election and ongoing wars. As executive managing director of CBRE, Strassmann noted that these circumstances have led to slower decision-making and even pauses in some cases.
Strassman was joined by four other panelists who offered their insights on various topics such as product types, investment climate and future outlooks. Jason Rich, CEO of general contractor Snyder Langston spoke about how being involved in multiple product types has been beneficial for his company during these volatile times.
Aaron Hill from Bixby Capital Management shared a mixed view on fundraising and investments for 2024 compared to 2023. He explained that while they were able to raise some discretionary capital this year, it is still challenging due to current market conditions.
John Santry from Ledcor Development LP discussed the inconsistent state of investment sales but expressed optimism for next year with expected rate cuts and loosening constraints in capital markets.
Eric Paulsen provided both legislative insight as well as a broker’s perspective on transactional activity within office spaces. He noted an increase in longer lease terms being signed instead of short-term extensions seen over the past couple years – indicating more commitment from tenants moving forward.
The event also included discussions on AI’s impact on commercial real estate along with updates regarding industrial markets and financing outlooks.
