The investment scene has taken on a very different look in the Orange County industrial market of late, says Rob Neal, managing partner of Hager Pacific Properties, an investment firm that owns approximately 1.5 million square feet of Orange County industrial space.\u00a0Indeed, it has essentially become a waiting game, as many sellers still want to sell their properties at pre-credit crunch prices, while buyers are thinking they can swing a better deal.\u201cIt\u2019s like an eighth grade dance,\u201d Neal said. \u201cEveryone\u2019s sitting on opposite sides of the room.\u201dNeal is seeing more industrial deals come a cropper.\u00a0 \u201cWe\u2019ve been getting calls, where we\u2019ve been told \u2018We\u2019ve had a deal fall through. Are you interested?\u2019 We\u2019ve seen that in the last 60 days, and we didn\u2019t see that happen at all in the last three years.\u201dAs an all-cash buyer, he sees advantages for Hager Pacific in this market shift. \u201cWe could acquire a property 20 percent below asking price, and we can close a deal in 10 days,\u201d he said.But while he sees a shift in the investment dynamics, he is bullish about industrial properties in Orange County.\u201cThis is a pretty strong and growing market, and there\u2019s really no ability to add industrial stock,\u201d he said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The investment scene has taken on a very different look in the Orange County industrial market of late, says Rob Neal, managing partner of Hager Pacific Properties, an investment firm that owns approximately 1.5 million square feet of Orange County industrial space.\u00a0Indeed, it has essentially become a waiting game, as many sellers still want to…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003728938","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n