Bisnow/Allen Matkins - LA Ports & Industrial - Barbara Emmons

According to CBRE vice chairman Barbara Emmons, SoCal is on the must buy list for institutions across the US as one of the top industrial markets, and the Ports are a massive driver of that. "Even though you might have to dip down to a fairly low cap rate to buy core product" here, you feel that over time it's going to be a safe bet.
In addition, Barbara says the growth of Internet sales is having a positive effect because more warehousing is needed, and people are looking for industrial sites near UPS and FedEx stations. With next-day delivery, you're going to see infill locations as well as locations farther out, "where the lighter-weight products can get shipped more easily."