Commercial Property News - October 2008 - (Page 14)

MARKET INTELLIGENCE CONFERENCES ties will increase the region’s competitivedeclined an average of ness in attracting new 6 percent, local bank businesses.” stocks are plummeting The conference’s and the 22,000 condofour panels built on his minium units that realistic-yet-hopeful came online during speech. Speakers on the boom, more than the state-of-the-market duing all of the past 40 panel agreed that busiyears, could take severness is “slower but al years to absorb. steady” and that a But Haggman also Keynote Speaker “return to fundamenoffered a silver lining. Matt Haggman tals” has occurred. “The last boom delivThe biggest differered on the promise to embrace ence between the current downturn principles of urban revitalization,” and the last major hiccup, in the he said. “Livable, multi-use proper- 1980s, is cash. Unlike that last major market decline, large pools of equity looking for strategic deals and debt are still available, despite the credit crunch, according to panelist Gene Berman, group managing director for Marcus & Millichap Real Estate Investment Services Inc. A second panel explored international growth in South Florida and how commercial market players can “tap into the gateway.”A noteworthy trend is the influx of major U.S. law firms into South Florida’s office buildings.“Law firms want to move into local markets to tap into and serve the Latin American markets,” said panel moderator Thomas Continued on page 29 ® South Florida’s Silver Lining anelists at CPN’s South Florida Property Opportunities conference, held Aug. 15, painted a picture of hope for a tri-county commercial real estate market that has been among the nation’s hardest hit. Indeed, much of South Florida’s boom-cycle development is paving the way for the next wave of explosive growth in a region that is still seeing population gains. Opening keynote speaker Matt Haggman, a real estate reporter for The Miami Herald, recited the gruesome South Florida real estate statistics: Property values have P As a consistent capital provider under a range of real NEW! COMMERCIAL REAL ESTATE LOAN PROGRAM! • No Prepayment Penalty Available • Highly Competitive Rates and Terms • 30-day Closing • $500,000 to $5,000,000 Loan Balance • Interest Only Option Available SMARTER MONEY™ estate market conditions, ORIX today is actively seeking opportunistic investments. Please contact: OUR CAPITAL STRUCTURES: David R. Brown Opportunity Fund Investments President & CEO david.brown@orix.com Property/Portfolio Acquisitions 312.669.6020 Whole Loan Purchases Margaret DeWoskin Chief Investment Officer maggie.dewoskin@orix.com 312.669.6414 Development JVs CHRISTINA LAREZ – 310.614.1133 clarez@securitypacificbank.com STAN BLITSTEIN – 818.836.2501 sblitstein@securitypacificbank.com * rates subject to change ORIX Real Estate Capital, Inc. 100 North Riverside Plaza, Suite 2100, Chicago, IL 60606 312.669.6400 www.orix.com OREC IS A 100% WHOLLY OWNED SUBSIDIARY OF ORIX USA CORPORATION WHOSE PARENT IS ORIX CORP., AN $80 BILLION FINANCE COMPANY. FDIC 14 Commercial Property News • October 2008 • www.cpnonline.com http://www.orix.com http://www.orix.com http://www.cpnonline.com

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CPN - October 2008 Contents Starting Line Industrial Data/Analysis Conferences Chicago Market Profile Finance International Title Insurance Brokerage Corporate Report

Commercial Property News - October 2008

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