"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."
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.
Read at therealdeal.com
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