CRE Isn’t That Bad
|Thinking of interview questions is easy this time of year: Hey, Pond, Robinson & Associates, what are you thankful for? Coni Hennersdorf, SVP at the Plano-based consultants to institutional investors says it's that CRE isn’t as bad as people make it out. REITS have raised capital, and refinance loans are available. Better times are ahead, she says.|
Managing principal Alan Pond (center), whom we snapped with EVP Michael Raybon and Coni, says he’s seeing more RFPs. As for the firm’s own activity: it’s working on a brownfields redevelopment of a 104-acre site in Linden, NJ, as a mixed-use project, which will include demolition, site environmental remediation, rezoning, and construction. Away from work, Coni serves on the board for Fort Worth-based The WARM Place, which provides grief support services to children mourning the death of a loved one.
Teresa Lucas, James Wilson, and Lisa Kelton, behind Melissa Hall. Alan adds that clients have cash to invest but are waiting for others—most of the firm’s clients are institutions, which don’t want to take a risk first. He expects more of a trickle of activity, rather than a dam breaking. When called upon to stimulate the economy, Teresa prefers Pappagallo and Steinmart as shopping destinations.