Aaron Hill Hill says some of the potential risks Bixby is watching in the industrial sector include normal threats like overbuilding and building obsolescence as well as fulfillment-chain evolution, technology and automation disruption, the price of oil, the Panama Canal expansion and geopolitical uncertainty/trade.

NEWPORT BEACH, CA—Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby Land Co.’s Aaron Hill tells GlobeSt.com. The firm, a commercial real estate operator and investment manager in the western US, recently named Hill as president, extending an 11-year tenure at Bixby, where he most recently served as EVP and COO.