Real Insight. Real Estate.

Posts Tagged ‘commercial real estate’

Jon A. Cummins
Chief Operating Officer
Amerimar Enterprises, Inc.

Jon Cummins is the Chief Operating Officer of Amerimar Enterprises, Inc., a position he has held since 2001. Amerimar’s focus is on the acquisition of “value added” hotels, apartments, office and retail properties in major urban/suburban markets throughout the United States. Mr. Cummins’ primary responsibilities are the general oversight of Amerimar’s operations as well as the sourcing, acquisition, asset management, property management, financing and disposition of the Company’s hotel and multifamily properties. Before joining Amerimar in 1989, Jon worked in the Real Estate Investment Banking Division at Lehman Brothers in New York where he was involved in the placement of debt and equity financing vehicles and the acquisition of property for the firm’s own account.

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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Llenrock has sifted through the data of Forbes’ list of top paid executives to bring you the top paid CEOs of commercial real estate investment firms from 2009.

5. Adam S Metz - General Growth Properties - $3.78 mil
Adam S Metz, at 48 years old, has been CEO of General Growth Properties (GGP) for one year. General Growth Properties has been in the shopping center business for over fifty years. One of the nation’s largest REITs, General Growth owns, develops, operates, and/or manages shopping malls in 44 states.

4. David Simon - Simon Property Group - $4.88 mil
David Simon, at 47 years old, has been CEO of Simon Property Group (SPG) for 14 years. Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate
company. Simon Property Group operates from five retail real estate platforms: regional malls, Premium Outlet Centers,
The Mills, community/lifestyle centers and international
properties. It currently owns or has an interest in 387
properties.
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It’s been four full business days since the Fed announced a 25bps hike in the discount rate.  After a knee-jerk down, equities seemed to have basically yawned, until yesterday.  Interestingly, 10 year treasury yields rose after the announcement, held for a day, and they came way down today.

I think Bernanke was trying to get long term rates lower, and he knows it could mean a sustained bear market for equities.   He also knows he doesn’t really have a choice.  What it means for commercial real estate, however, remains a tough question; but, we’ll get to that later.

To start, I’m going to focus on why the fed chose to make a ’surprise’ inter-meeting announcement.  The answer is best revealed in a time line: Read the rest of this entry »

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Starwood Hotels CEO on Earnings and Outlook

Geithner On Community Banks

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The Week of January 31 - February 6

- Are real estate executives gaining confidence in the general market?

- Obama’s budget has hazy implications for commercial real estate.

- Former Security Capital Execs Plan REIT IPO.

- Despite the scare, Fannie Mae still funded over 80% of its loan originations last year with its MBS program.

- Will an infusion of TARP money into small banks result in productive lending to small businesses and real estate?
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What is the one real estate sector that is the hottest right now?  Despite the availability of capital through Fannie and Freddie, its not multi-family.  Despite the rising age of baby boomers, it is not senior living.  Despite the immense growth in the healthcare sector, it is not medical office. So what is it?  Data Centers.  Last year, I wrote about data centers in this post.  Yet, seemingly nobody in the real estate sector has caught on.  So before I go on, let me get you all up to speed. Read the rest of this entry »

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It’s a new year, and with it comes hope.  Yet, for the commercial real estate industry, hope has been replaced by fear, skepticism, cynicism, and negativity.  Most of those feelings stem from the fact that most experts agree that things have to get worse before they can get better.  Namely, the 5 year CMBS loans taken out at CRE’s peak in 2007 are going to come due during an illiquid market in which banks either cannot or care not to extend or modify them. And that has led to Jekyll and Hyde regulation. Read the rest of this entry »

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Fannie & Freddie could be Getting a New Lifeline

Does that mean big purchases are on the way?

Is there Hope for the Housing Market in the New Year?

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Bernanke Supports Regulatory Power to Shrink Banks

Is Commercial Real Estate Really Near the Bottom?

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Former head of Apollo Real Estate Advisors, William Mack, now Chairman of real estate investment fund Area Property Partners, says that CRE is somewhere between  “a massacre and a total disaster.”

Have Banks that were “Too Big to Fail” gotten even bigger since the credit crisis?

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