As appeared in…Colorado Real Estate Journal
A few months ago, the manager of a major brokerage firm asked me whether we were interested in buying any retail projects right now. It was a reasonable question, because he knows we’ve been opportunistic investors and developers in all of the major commercial property types over our 15-year history. But, for once, my answer was uncharacteristically short: “No,” I said, “the truth is that the more we study retail, the more we want to buy industrial.”
The fact is that both retail and industrial real estate are undergoing a historic, fundamental shift in their utility. And as a firm that puts rigorous economic, demographic and political analysis at the forefront of its business decisions, that fact has us rather interested.