The giant party that was NeoCon is a glimmer in the rear view, so it's time to get back to TARP, gov't incentives, and business parks.
|Yesterday?s NAIOP breakfast attracted brokers in droves to hear Wrightwood Capital's Bruce Cohen explain challenges and benefits of TARP, TALF, and PPIP. He says those ?four-letter words? have replaced ESPN as most important in his vocab, but with $700B still in the CMBS market, there's no way lending issues will be resolved quickly. Wrightwood raises its own funds, including $250M for mezzanine debt in 2008, which it's used, so far, on one deal.|
Eager to learn: Duke Realty's Ryan O'Leary and CenterPoint Properties' Chris Tecu and Alan Bouchier-Hayes. Alan said CenterPoint?s best deals this year have been in out-of-state locations like Kansas City and California (nice to see Oz and Hollywood in the same sentence again), but the firm is still focusing on intermodal development because it believes it will lead to good positioning when the economy comes around.
Opus North's John Carlson, Colliers Bennett & Kahnweiler's Ned Frank, and McShane Development's David Mazurek. Ned said keeping a pulse on the market, as well as signing lease renewals, has CBK's attention at the moment.