News

RELATIONSHIPS

Calm down, Dr. Phil. The story of '09 was relationships, but the building owner/broker  kind. Bradford prez Kevin Santaularia  tells us while transactions were slow, there were many changes as owners examined their asset management relationships. For Bradford, that meant 5M SF added to its 20M SF portfolio.
 

EVP Karen Simon and Kevin outside their FW office. Yes, Kevin sees activity, but how it morphs into transactions depends upon the loosening of credit. He says the FDIC needs to modify requirements on community banks, so they can increase their lending authority. One way Bradford captured new industrial business in ’09, including Heitman’s 2M SF DFW portfolio, was having reps physically located in four submarkets for a more hands-on approach. A 2010 milestone for Kevin: his 25th wedding anniversary.

Another non-stop (literally) Toyotathon? Not quite. One of Karen’s recent deals includes a 7-acre, 60k SF car dealership at I-20 and Cooper in Arlington, which became Clay Cooley Kia. There were challenges with that deal because of a multimillion dollar loan and city ordinances limiting usage of the property. Karen is hopeful that DFW will see some moderate increase in acquisition and disposition this year. The problem? Financing. Working most weekends and evenings, she does manage to break away long enough to use her Cowboys season tix and make time for six grandchildren and her dog.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

KKR-Affiliated Data Center Developer CyrusOne Names New CEO

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines