New York Real Estate Journal

Abdou of Friedland Realty: Expects to expand client base

November 24, 2014 - Spotlight Content
Name: Mia Abdou Title: Associate Advisor Company/Firm: Friedland Realty Advisors Year Founded: 1970 Years in real estate industry: 44 Telephone: 914.968.8500 Email: [email protected] URL: www.friedlandrealty.com Twitter: https://twitter.com/FriedlandNY Facebook: https://www.facebook.com/friedlandrealtyadvisors?ref=aymt_homepage_panel What are your expectations for the ICSC NY conference this year? I expect to expand my client base and hopefully sell or lease a couple of buildings. Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them? It's hard to say, it's a case by case basis. Inventory with cap-rates that are investment worthy are scarce, however owner occupiers aren't so concerned with cap-rates at the point of their purchase. Which segments of the retail market are delivering highest returns for investors? Single-story tax payers are the targeted properties right now for either owner occupancy. Flex buildings are sought after by investors that want immediate returns with little management demands.