Commercial Real Estate Finance

Posts Tagged ‘Sam Zell’

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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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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- The Fed is looking to to calm the markets down after the discount rate increase.

- General Growth Properties bluntly turns down Simon Properties’ publicly announced $10 bil offer.

- 11 US banks that received TARP money posted a 13% increase in loan originations in December.

- Wells Fargo tops 2009 mortgage servicers ranking list.

- Kansas’ own “Fedstradamus” grimly predicts that rising deficits and maintaining interest rates at zero, may be our demise again.
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What does a great Commercial RE mind think about the Residential Market?

Sam Zell Shares his thoughts on the shape of the housing recovery

After CalPERS got creamed, they have shifted their focus

And will now be targeting the assets of others who have gotten creamed.

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Happy New Year!  Llenrock’s New Year’s Resolution is to stay away from deals in 2010 that were as catastrophic as these turned out to be.  What’s your new year’s resolution?

5. Iceland & Ireland Lenders - Investing in Iceland and Ireland: Two years ago, these plucky little island nations were the toast of Europe. Now they’re just toast, undone by continent-size bank debts and, in Ireland’s case, a real estate bubble to boot. Good news for travelers: they’re a lot cheaper to visit now. Read the rest of this entry »

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Ever wonder how people become successful?  How people go from nothing to the top of the world?  Or does unabashed success seem like an unattainable pipe dream that happens to “other” people, much like winning the lottery? In this video courtesy of the Wall Street Journal, Barry Sternlicht essentially gives the humble and abbreviated version of how he went from an unemployed 31 year old with a baby on the way, to the CEO of the biggest hotel company in the world just seven short years later. Color us at Llenrock impressed. Read the rest of this entry »

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The Week of November 14-20

- The bond market has a healthy appetite for TALF-backed CMBS.

- CRE is getting blamed left and right for the slow economic recovery.

- Is the CIT Group bankruptcy a sign that government rescue plans don’t work?

- Is CRE a bigger risk to smaller banks?

- Dozens of banks are in trouble despite TARP aid.
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The Week of November 7-13

- China is very close to restricting debt on property purchases.

- Two Japanese banks are merging to create the country’s fifth largest bank.

- The NAIC has approved a plan to develop a new credit rating model.

- According to the Fed, banks are continuing the practice of extending and pretending.

- Is Singapore about to make the same mistakes the rest of the world made in regards to a real estate bubble?
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Caveat Emptor!

As this recent article in the WSJ articulated, the recent run-up in stocks has given some hope to the commercial real estate market. What’s interesting is that many of the enterprises are players who typically enjoy prospering as private shops. Perhaps the warm reception Starwood received earlier this year encouraged them.

Like with the rash of private-shop-turned-public IPO’s announced in early 2007 (Fortress, Sam Zell, BlackRock…etc), I can’t help but feel a little nervous. While Zell actually sold his public company, the point remains the same. I’m not so sure I want to be buying what these guys are selling. Why? Read the rest of this entry »

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Mr. Glazer founded Keystone Property Group as a brokerage firm in 1991 and forged Keystone’s growth into an investment firm in 1993, to a development company in 1997, and to a real estate private equity firm that manages capital in 2003.

Mr. Glazer’s professional affiliations include the Young President’s Organization, the National Association of Industrial & Office Properties, the Wharton School’s Zell/Lurie Real Estate Center, Tristate Commercial Alliance and the Urban Land Institute and serves as a director on the board of Hyperion Bank, and the Jewish Federation of Philadelphia.

A graduate of the University of Pennsylvania (BA, 1990), Mr. Glazer is the recipient of many awards and honors, including the Chamber of Commerce Award for Excellence, the MS Leadership Class Award, the Philadelphia Business Journal’s 2006 40 Under 40 Award, a finalist for the Ernst and Young Entrepreneur of the Year Award.

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