Rick on the Road 5/19/16: Dallas, TX

REAL Professionals NetworkRick on the Road

Attachment-1 ROR Dallas

Dallas Is NOT Houston! Everybody in Dallas in every sector of the real estate and development industry is busy. No one seemed particularly concerned that the Federal Reserve was planning to raise rates at their June 2016 meeting.The general consensus was, if anything, a Fed increase may accelerate the investor demand for real estate where cap rates have flattened somewhat and even … Read More

05/17/16 Gulf South Multi-Discipline Meeting

REAL Professionals NetworkGulf South

GS 5.17.16

Brant Hill, Director of Construction for the Retirement Systems of Alabama (RSA), joined the Gulf South Mastermind Group on May 17 to discuss the impact the RSA’s development of downtown Mobile has had on the local landscape. The RSA began investing heavily in real estate in downtown Mobile in the early 2000s, constructing the RSA Tower and acquiring other properties such … Read More

05/12/16 Northern New Jersey Multi-Discipline Meeting

REAL Professionals NetworkNorthern NJ

May 12 NJ speaker_Mark Scott2_CMC Commercial Mortgage

Changing Regulations and a Fluctuating Market May Impact Commercial Financing – Member Mark Scott (pictured above), founder and principal of Commercial Mortgage Capital (CMC), addressed the current and projected state of commercial real estate financing as this month’s speaker. In spite of steady job growth and rising rent and property values, the Q1 2016 market has been fluctuating, presenting some challenges … Read More

05/12/16 Raleigh Multi-Discipline Meeting

REAL Professionals NetworkRaleigh

Deep River photo

RPN Raleigh Member Mark Ashness, Principal at CE Group, became involved with Deep River Forest project in 2005 and is getting ready to re-entitle the just under 1,500-acre project to mixed use; the property is 7-8 miles south of Pittsboro with a mile of frontage on the Deep River and abuts an industrial park being assembled in part by fellow … Read More

05/11/16 Charlotte Multi-Discipline Meeting

REAL Professionals NetworkCharlotte

Charlotte 5.11.16 Barry Leasure and Andy Misiaveg

HB2 is creating apprehension in Charlotte’s office and industrial markets and construction lending is slowing multi-family development. But according to The Shopping Center Group’s Andy Misiaveg, retail is seemingly not impacted. Grocery & fast food retail is booming. There is continued demand for restaurant space with chains such as Chipotle and a lot of new players looking to open up in … Read More

Rick on the Road 5/10/16: Washington, DC

REAL Professionals NetworkRick on the Road

ROR 5.10.16

Most all the talk was about “The District” – It may sound like a broken record, but the message from Washington, DC commercial real estate and development executives focused on a continued migration to the core or in this case – “The District”. Mid $40’s rents, $80+ improvement costs combined with limited new development are allowing office rents to continue … Read More

05/10/16 Washington, DC Multi-Discipline Meeting

REAL Professionals NetworkWashington DC

DC 5.12.16 Brian Ball Jr., Shahin Yavari, Patrick Kerr, David Foulk edited

The office leasing market continues to be a tenant’s market, REAL Professionals members reported Tuesday. NAI KLNB’s Brian Ball, Jr., reported that tenants larger than 10,000 square feet are being approached by their landlords for renewals a full three years before their leases are up. Of course, geography and transit access play a role. Members agreed that the suburban office market is down. “I’m … Read More

05/09/16 Philadelphia Multi-Discipline Meeting

REAL Professionals NetworkPhiladelphia

Philadelphia Meeting - May 2016 (2)

Exciting neighborhood revitalization projects happening in and around the city of Philadelphia, with a particular emphasis on retail markets in those neighborhoods, was the topic of much discussion at the May Philadelphia Mastermind Meeting. Richard Gottlieb of Keystone Property Group discussed the company’s work to bring P.J. Clarke’s to the iconic Curtis building in Washington Square, a project which involves … Read More

04/28/16 Atlanta Midtown Multi-Discipline Meeting

REAL Professionals NetworkAtlanta

ATL Midtown 4.28.16

Is the bloom off the multi-family rose? Retail developer Tim Knight of Knight Commercial Real Estate reported at the Atlanta Midtown REAL Professionals Mastermind Meeting that his equity partners, who are funding 52 projects totaling approximately $500 million in equity investments, recently commented that “apartments are done in Atlanta”, as there is virtually no more bank lending for multi-family development deals.

04/27/16 Miami Multi-Discipline Meeting

REAL Professionals NetworkMiami

Miami 4.27.16

Public transportation in Miami has been stagnant and slow in adapting to the growth in South Florida. But during April’s Mastermind Meeting in Miami, the subject of Uber, express bus lanes and self-driving cars showed that the city’s best days may be ahead of it. Keren Marti, a guest from First American Title Insurance, spoke about a recent luncheon with … Read More