California Real Estate Journal
How’s Business?
October 10, 2005

Interview by Laura Coleman

“Next to multifamily, retail in Los Angeles is the second-most overheated asset class. Investors have pushed prices so high and the corresponding yields so low that cash-on-cash yields are in the 3 percent to 4 percent range. This is not sustainable in a rising-interest-rate environment.”

-- Kevin P. Kaseff, partner, Titan Real Estate Investment Group, Los Angeles