OUR PRIVATE SHINDIG AT DAVIO'S
|Davio's Northern Italian Steakhouse at Phipps Plaza hosted our first "mini-summit" luncheon on Trends in Real Estate (largely just an excuse to eat great Italian food) this week. We opened the floor to a discussion about general predictions for 2011 financing and the hopes of a recovery. Colliers' Bob Mathews (left) says he hears signs of no significant job growth until 2012 or 2013. Generally, retail will recover first, then industrial, and finally office. Grubb & Ellis'Brett Hunsaker (right) said there are 4M SF of deals in the market right now, so deals are certainly happening and some are of a good size, around 50k SF. Brett also shared that he feels the new government coming in office needs to offer new state business incentives to fuel growth. |
|The whole crew: Reznick Group's Wes Hudson, Bob, Brett, Reznick's Kristy Koger, HFF's Mark Sixour, BB&T's Mitch Nies, King & Spalding's Clay Howell, and Grandbridge Real Estate Capital's Matt Rocco. A lot of talk centered around the multifamily market, and Mark commented that construction for multifamily and build-to-suits is coming back. But there's a catch: The developer must have a strong borrower, a good land deal, irreplaceable location, and lower leverage to get financed. A build-to-suit will need to be a strong tenant with a longer-term lease of at least 10 years. The upside of restricted financing is new construction, which will prevent developers from adding unneeded space and will help promote recovery among existing landlords, Matt says.|
The restaurant offers the same qualities that have made Davio a favorite in other cities. Executive chef Bennett Hollberg and general manager Claude Guillaume (who was the famed maitre d' at the former Dining Room at the Ritz-Carlton Buckhead) are eager to show you what this great new restaurant is all about. Each Wednesday night starting at 5 p.m. in the bar area, they feature four wines and serve complimentary appetizers to enjoy with each one.