The Current State of the West Coast Capital Markets with Michael Kendall

What's the current state of West Coast capital markets? And what role may the recent bank failure play? Co-hosts Bill Condon and Matt McGregor are joined by Colliers Western Region Executive Managing Director of Investment Services – and Ironman – Michael Kendall to talk all things West Coast capital markets. They discuss the recent past of West Coast capital markets, how the role of risk has changed, and what the recent bank failure may mean for potential buyers and investors. Michael gives an overview of the current state of the West Coast market. Typically, Q4 is one of the busiest times for the Colliers West Coast team managed by Michael, but not last year. Both Colliers and its competitors had zero valuations going, then things changed. Michael discusses why he believes that happened. Michael, Bill and Matt talk about the recent bank failure and its potential repercussions on the market. According to Michael, risk didn’t matter last year and wasn’t priced properly. Now risk matters, maybe even too much as it’s being overpriced. Michael explains the difference between a forward (or vacancy) and a short-term wall, and shares his thoughts on the impact of debt on the capital markets world. Michael shares his insights and an example regarding land value in core markets on the West Coast, which have historically been hard to get.      Mentioned in this episode:  IndustrialAdvisors.com Michael Kendall - colliers.com/en/experts/michael-kendall [email protected] Colliers.com