Commercial Real Estate Finance

Posts Tagged ‘commercial real estate blog’

The world’s largest warehouse operator reporting earnings, with Walter Rakowich, Prologis CEO. Are industrial facilities industrial strength?

Treasury Secretary Timothy Geithner offers his opening statement to the Senate Finance Committee hearing on the President’s idea to levy a bank tax, the Financial Crisis Responsibility Fee, on large banks that would be available to fund any future bailouts.

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Week of May 2-8

- Landlords such as SL Green, Vornado and Boston Properties are reporting mixed results in occupancies and rents, depending on the market.

- Lawmakers, industry insiders and observers in the U.S. and Europe are increasing their scrutiny on the major credit rating agencies.

- REITs outperformed private real estate investment funds during the past full real estate cycle.

- FelCor Lodging Trust secured a $212 million loan for a nine-hotel, 2,500-key portfolio.

- Sam Zell, chairman of Equity Group Investments, and Michael Fascitelli, president and CEO of Vornado Realty Trust, are expecting commercial real estate markets to make a robust recovery within the next 18 to 24 months. Read the rest of this entry »

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Robert J. Hellman
Managing Director, Real Estate
David Landau & Associates, LLC

Rob Hellman has over 30 years of professional experience, including 27 years in the real estate and financial services industries. Prior to joining DLA, he was a Managing Director at Ackman-Ziff Real Estate Group, working with clients to structure their capital needs and source debt and joint venture/preferred equity for real estate acquisitions and development. He began his career in real estate as part of Lehman Brothers’ efforts to raise equity and debt for real estate investment transactions. During his 16 years at Lehman Brothers, he also served as president and/or chief executive officer for several public real estate funds that acquired over seven million square feet of retail space, 1.8 million square feet of commercial space and over 1,600 multifamily residential units. Rob also sat on the investment and risk management committee of Lehman’s Diversified Asset Group responsible for approving dispositions, major lease transactions and financing decisions. Following his career at Lehman Brothers, Rob became a Senior Managing Director at Newmark & Company Real Estate, Inc., where he was a Principal of Newmark Capital Group and the firm’s Retail Financial Advisors. He subsequently formed Riverstreet Realty Advisors. Among his DLA engagements, Rob has been retained as head of asset management for a major real estate investor owning a $2.5 billion portfolio in the US.

Q: As a company, tell me about the niche you have carved out for yourself and how you feel you are different from the competition. Why do you find this product type more appealing than alternative real estate asset classes?
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Sidney V. Smith, Jr
Managing Partner
Newmark Knight Frank Smith Mack

Sidney “Sid” Smith has been active in Philadelphia Real Estate Brokerage for over 27 years. He is one of the founding partners of Newmark Knight Frank Smith Mack. Sid is experienced in every facet of the commercial real estate business. Sid has represented countless fi rms in solving their real estate needs, whether that be negotiating a lease for a tenant, selling a building for an owner/user, acquiring entire city blocks for a developer to build a Class A high-rise or acquiring ground to build a hospital. Sid’s breadth of experience has also led to many consulting assignments to help large organizations maximize the value of their real estate assets. Sid is one of the key “Market Makers” in Philadelphia’s Commercial Real Estate industry and was recently recognized by CoStar as one of the nation’s “Power Brokers”.

Q: As a company, tell me about the niche you have carved out for yourself and how you feel you are different from the competition. Why do you find this product type more appealing than alternative real estate asset classes? Read the rest of this entry »

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Week of April 18-24

- Real estate companies continue to tap the equity markets to raise cash through secondary offerings or IPOs.

- The Federal Reserve paid $47.4 billion to the Treasury Department in 2009, the largest amount on record, from gains on investments made to bolster the shaky housing market.

- CNBC reports that surveys show wealthy Americans are less concerned about the economy… seriously they actually did a story on this.

- A Llenrock survey shows that people with money are more likely to buy things than people without money.

- CNBC reports that it will be reporting on Llenrock surveys going forward. Read the rest of this entry »

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This week we are ranking the top 5 most active real estate developers in Philadelphia, by square feet developed in 2008, as well as under construction development and planned development.

5. Korman Commercial Properties
Sq. ft Developed - 971,332
Sq. ft Planned Development - NA
Notable projects - Korman Interstate Business Park

A Pennsylvania and New Jersey Management and development company specializing in leasing commercial office space, retail space, shopping centers, and industrial space.
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Jay L. White
President
Apex Realty Advisory

Jay started Apex Realty Advisory located in Wilmington, Delaware in 2009. Apex Realty Advisory is a professional real estate firm providing comprehensive valuation analysis and sound, competent advice for making real estate decisions. Apex Realty Advisory provides a wide variety of clients with professional real estate appraisal and counseling services to a variety of clients including attorneys, banks, corporations, healthcare companies, lenders, and non-profits. The president, Jay L. White holds the MAI designation from the Appraisal Institute, the CRE designation from the Counselors of Real Estate and is a Fellow of the Royal Chartered Surveyors (FRICS). In addition, he holds certified general appraisal licenses in six states.

Q: How did you get your start in the business? Read the rest of this entry »

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Discussing signs of bottom in commercial real estate, with Quintin Primo, Capri Capital co-founder, chairman & CEO.

Anton Troianovski discusses how an $8 billion private equity fund at Morgan Stanley lost nearly two thirds of its value.

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Week of April 11-17

- Jeffrey Lacker, president of the Richmond Fed, said economic growth will be maintained at a moderate pace for the rest of 2010.

- CMBS delinquencies posted the biggest-ever month-over-month increase in March, rising to 6.42% from 5.73% in February.

- Fed takes aim at “amend and pretend” banking practice.

- Changes in hotel management and operations and supply trends will lead to higher profits for high end hotels in 2010.

- Investors are putting money in mortgage REITs despite the delinquency rates on commercial mortgages that have reached new highs. Read the rest of this entry »

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Week of April 11-17

- As more deals come to market, market observers are getting hopeful the commercial mortgage-backed securities market is beginning to revive.

- Cafaro: It’s possible to make money with low leverage.

- Based on guidance reports and other public statements, public REITs are planning to break ground on $1 billion in new development this year.

- Hedge fund manager James Chanos is concerned the rapid price buildup in China’s property market might burst as soon as this year.

- The Fed fears inflation and price deceleration going forward.
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