The Real Estate Family Office & Private Wealth West conference brought together various wealth managers and real estate executives to discuss economic factors impacting the industry, including interest rates and tariffs. Despite a challenging environment, there was optimism about multifamily investments, even as most cash remained sidelined in family offices. The conference also touched on notable real estate transactions like an off-market sale of a Downtown L.A. office tower by Brookfield and the strong sale price for an office campus, indicating potential market recovery.
There were hints of multifamily optimism, an emphasis that cash was stuck on the sidelines except for family office money and a juicy discussion on succession planning within family offices.
Brookfield Properties dumped a Downtown Los Angeles office tower for less than the debt tied to the property, as Uncommon Developers scooped it up in an off-market sale.
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