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People on the Move
With $210M Fund, Marcus Capital is Latest Firm to Seek Investment Bargains
Jul 23, 2009
Looking to take advantage of the current bargains to be had in the
investment market, Boston-based real estate investment firm Marcus
Partners has closed Marcus Capital Partners Fund I with $210 million in
capital commitments. The fund will cast a wide net, pursuing
diversified investments including office, bio-medical, medical office
and light industrial properties.
General Growth Names Rufrano to Board
Jul 10, 2009
General Growth Properties Inc. named Glenn Rufrano to its board of directors. Rufrano is CEO of Centro Properties Group, a role he was appointed to in January 2008, leading it through a difficult restructuring effort. Australia-based Centro threatened to be an early victim of the credit crisis. Rufrano had been heading the shopping center company's U.S. operations, having served as longtime CEO of New Plan Excel Realty Trust Inc. before Centro purchased the public REIT in 2000. General Growth filed for Chapter 11 bankruptcy protection earlier this year.
Executive Q&A
Q&A with Steve Bram: Shortfall of Supply When Recession Ends in 2011
Jun 26, 2009
Steve Bram is president & co-founder of George Smith Partners Inc. An expert on multi-family finance, he has personally arranged over $2.5 billion of financing in over 150 transactions during his 25 years at George Smith, including all types of construction, bridge and permanent financing on commercial and residential properties along with joint venture and equity placements. He recently spoke with CPN’s sister magazine Multi-Housing News about what lies ahead for the multi-family market.
A Word With ... Dale Anne Reiss
Apr 15, 2009
CPN Editor-in-chief Suzann D. Silverman spoke with Dale Anne
Reiss, who retired last June after 10 years as global director and more
than a decade more as a managing partner in Ernst & Young L.L.P.’s
real estate, hospitality and construction services practice. She
recently formed her own consulting firm, Artemis Advisors L.L.C. Now a
consultant for Ernst & Young, she last month also retained DLA
Piper as a client.
Job Losses Hit Commercial Real Estate--Hard
Feb 11, 2009
January was a bloodbath for the job market with 598,000 losses. The
staggering number has the obvious immediate negative consequences--and
then there is the secondary impact. With the slashing of jobs comes the
slashing of occupancy rates in most sectors of commercial real estate.
Hessam Nadji managing director of research services with
Marcus & Millichap Real Estate Investment Services, spoke to CPN about how employment's devastating nosedive is impacting commercial real estate.
Buchanan Street's Brunswick Looks Back at '08, Eyes Future
Dec 22, 2008
Robert Brunswick, founder, president & CEO of real estate investment management firm Buchanan Street Partners, spoke with CPN
senior editor Eugene Gilligan about the Treasury Department’s rescue
package, the major trends of 2008 and what he will be watching for in
2009.
Corporate Profiles
Public Real Estate Firms Reward Responsibly, FPL Study Finds
Jun 24, 2009
While Wall Street executives took excessive bonuses even while their companies were failing and the government has since received flak for not curtailing this enough, public real estate companies have been much more controlled when it comes to executive compensation, according to a study by FPL Associates L.P.
Quartet of CRE Veterans Form Consulting Firm
Dec 04, 2008
Four commercial real estate veterans--Henry Gallin, Michael Glick,
Frank Sullivan and Ray O’Keefe--have formed a national consulting
service that will advise investors, lenders, corporate users, owners,
government agencies and service companies in formulating and execute
real estate strategies.
As Economic Woes Continue, RE Firms Taking Hits
Nov 24, 2008
The instability of the capital markets is proving to be a considerable
hindrance to the commercial real estate market, forcing several major
players to conjure ways to alleviate bottom-line woes.
Open Offices, Mixed Greens Highlighted in CoreNet Surveys
Nov 10, 2008
A pair of new surveys, released by CoreNet Global at its summit in
Orlando, Fla., focus on two key areas in corporate real estate:
alternative workplace strategies (AWS), which are very much on the
rise, and green buildings, where attitudes are, at least this year,
decidedly mixed.
ManagementStrategies
Economic Update - Glimmers of Recovery on the Horizon
Aug 10, 2009
In news that caught most everyone's attention on Friday, the U.S.
Department of Labor said that the nation's unemployment rate actually
went down 10 basis points in July, to 9.4 percent. It's being called a
sign of stabilization because monthly changes in the unemployment rate
that small tend to be revised out of existence eventually, but at this
point, "stabilization" looks pretty good.
CAS Launches Green Apartment Measurement Tool
Jul 24, 2009
CAS Financial Advisory Services, the asset management arm of CAS Partners, launched Green Capital Needs Assessment, designed to measure quantitatively the value of incorporating green improvements into multi-family properties. For discussion on another green tool, the Corporate Realty, Design & Management Institute's Model Green Lease, designed for use across commercial properties, log on to CPN Radio later today.
Still Early Innings--But the Game Has Begun
Jul 24, 2009
The commercial real estate industry is largely in agreement that this game still has many innings to go--but batting practice is over, according to respondents to the latest fast poll on cpnonline.com, posted in July.
General Growth Names Rufrano to Board
Jul 10, 2009
General Growth Properties Inc. named Glenn Rufrano to its board of directors. Rufrano is CEO of Centro Properties Group, a role he was appointed to in January 2008, leading it through a difficult restructuring effort. Australia-based Centro threatened to be an early victim of the credit crisis. Rufrano had been heading the shopping center company's U.S. operations, having served as longtime CEO of New Plan Excel Realty Trust Inc. before Centro purchased the public REIT in 2000. General Growth filed for Chapter 11 bankruptcy protection earlier this year.
Stars to Watch
Real Estate Developers Can Build Success in the Industry
Commercial real estate advertising
and marketing is just one of the many topics covered in CPN's Business
Management news resource section. Read about the many management
strategies employed to make real estate development projects a success.
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