INCO’s own Doug Shea and Eric Christopher were both quoted in a recent article in the Long Beach Business Journal entitled The Road To ‘The Streets:’Tony Shooshani On Downtown’s Rebirth.
Eric Christopher, senior associate with INCO Commercial, said that increasing interest rates – and the anticipation that the Federal Reserve will raise rates two to three times this year – are creating a sense of urgency among both buyers and sellers. Buyers wish to take advantage of low interest rates to create the best return on their investment, and sellers recognize that window of opportunity
“I would say, if the first quarter was a little more flat, the second quarter is a little more bullish, as far as people out looking to open up new stores and open up new restaurants,” Doug Shea, president of INCO Commercial, said. “I’m getting a lot of calls on my retail products that are in good areas and some that are in just medium areas.”
You can read the entire article by Long Beach Business Journal May 2017.