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Khourie Takes Over as President of CBRE Investors
CB Richard Ellis Investors increases its leadership team with the appointment of Matt Khourie as president.
With $210M Fund, Marcus Capital is Latest Firm to Seek Investment Bargains
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.
Bellina Takes Over as General Manager at Empire State Building
On the heels of announcing a major sustainability initiative, the owners of Manhattan’s iconic Empire State Building have tapped Joseph Bellina to serve as the tower’s new general manager.
Rock Takes Over for Marcus & Millichap Capital in NYC
Marcus & Millichap Capital Corp. has named Steven Rock senior director of the firm’s Manhattan office.
General Growth Names Rufrano to Board
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: Construction Lawyer Barry LePatner Talks Infrastructure and Real Estate
Construction lawyer Barry B. LePatner of New York City-based law firm LePatner & Associates L.L.P. speaks with CPN about the impact that the infrastructure improvement segment of the government's stimulus bill will have on the commercial real estate industry.
Q&A with Steve Bram: Shortfall of Supply When Recession Ends in 2011
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
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
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
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
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
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
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
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
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
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
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.
Rock to Head New York Office for Marcus & Millichap Capital
Marcus & Millichap Capital Corp. named Steven Rock senior director of its Manhattan office.
General Growth Names Rufrano to Board
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.
 
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