Commercial Real Estate Finance

Posts Tagged ‘philadelphia real estate finance’

Carl Wright
Founder and President
The Wright Group

Carl Wright, P.E. founded The Wright Group in 1998. Based in Media, Pennsylvania, The Wright Group is a commercial real estate development/investment company that provides value-engineering analysis, project management, civil engineering, and property management services to other developers and investors.

Q: How has your strategy changed as a result of the credit crisis? Have you expanded/narrowed your acquisition criteria? If so, to what, and why?
Read the rest of this entry »

Timothy J. Lebold
Principal
Lebold Saha Asset Management LLC

Timothy J. Lebold graduated from San Diego State University with a Bachelor of Science degree in Business Administration with an emphasis in Finance. Upon graduation Mr. Lebold joined Prudential Securities (now Prudential Equity Group) where he was an Equity Associate. Working closely with the research department and sales traders, Mr. Lebold advised major institutions such as T. Rowe Price and Morgan Stanley. Following two years with Prudential Securities, Mr. Lebold joined a small, growing technology company in suburban Philadelphia. As the Director of Business Development, Mr. Lebold traveled the globe developing relationships and creating offerings for global technology innovators such as Qualcomm, Nokia and Symbian. While at NSTL, Mr. Lebold was responsible for new business development, managing a large service team and developing new offerings to service the ever-changing wireless industry.

After NSTL, Mr. Lebold left to pursue entrepreneurial endeavors and manage a growing investment portfolio. At that time, Mr. Lebold was managing his own, relatively large, equity and real estate portfolio. The portfolio has since grown into a variety of investment vehicles that have been investing in equities, fixed income securities, high yield bonds, real estate and privately owned businesses.

Q: How has your strategy changed as a result of the credit crisis? Have you expanded/narrowed your acquisition criteria? If so, to what, and why?
Read the rest of this entry »

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.

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 »

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 »

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.

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 »

The tough retail environment hasn’t stopped some niche performers from growing sales robustly over the past three years. These 10 stand out for strong organic growth. Rank is determined by three year growth as a percentage.

10. Texas Roadhouse
Annual Revenue: $880 million
3-Year Growth: 47.3%

9. The Buckle
Annual Revenue: $792 million
3-Year Growth: 49.4%

8. Buffalo Wild Wings
Annual Revenue: $422 million
3-Year Growth: 51.8%
Read the rest of this entry »

Discussing whether it’s time to raise rates, with Scott Anderson, Wells Fargo and Andrew Busch, BMO Capital Markets.

Hawkins: Rental rates a bright spot for industrial space

Right now, rental rates for industrial space are anywhere from 20% to 40% below replacement cost of new construction, notes Phil Hawkins, president and CEO of DCT Industrial Trust. Supply capacity has reduced significantly, which means the long-term prospects for rental rates will remain bright for some time, he says. “The future is very positive,” he says despite the highly competitive current leasing environment.

Click the link below to view the video:
2010-philhawkinsp2-1

William Rudin, CEO of Rudin Management, shares his real estate outlook.

Michael Torres, of Adelante Capital Management, and Harvey Green, of Marcus & Millichap Real Estate investment share their commercial real estate outlooks and stock picks.