Commercial Property News - November 2008 - (Page 17)

CONFERENCES MARKET INTELLIGENCE 65 and President George W. Bush’s tax law hits its sunset provision. He speculated that the dual milestones could usher in “the next era of a very active TIC net lease market.” In a day filled with an array of perspectives, CapLease Inc. CEO Paul McDowell urged listeners during a luncheon Q&A to look beyond today’s turmoil, emphasizing the ability of the U.S. economy to bounce back. “Five years from today, we’ll be very pleased with where we are,” he said.“The advice that I would give is: This, too, will pass.” The conference also featured a spirited debate on the current market’s biggest challenges, with the audience electing as winner David Silvers, vice chairman & partner in U.S. Realty Advisors L.L.C. —CPN staff Economic Face-Off panelists David Wyss and Craig Thomas (above, left to right) is that the best financing the buildto-suit guys can get is 75 percent of cost,” he said. Merchant builders are now listening to offers at those higher cap rates, which Rouse said are beginning to fall in line with long-term norms. Speakers also discussed ways the financial crisis is altering the landscape for financing net lease transactions. Deals for below-investment-grade net lease properties are harder to get done than they were a year ago. “The net lease market is reverting back to where it was historically,” said Barclay Jones III,executive vice president of investments for iStar Financial Inc. And European investors will not be the knights in shining armor that some net lease investors may have hoped for or that they appeared to be earlier this year, warned Corporate Partners Capital Group Inc. principal Howard Sands. “If they are more concentrated, it’s on the institutional side: large funds and large deals,” he argued. The tenant-in-common and net lease markets have reached critical points, according to panelists during a session on 1031 exchange trends. During the past year, the typical minimum ticket size for a TIC investor has shrunken drastically to reflect falling prices and decreasing property sizes. However, OMNI Brokerage Inc. CEO Greg Paul suggested looking ahead to 2011, when the first Baby Boomers will turn age Visit www.cpnonline.com/conferences for more conferences and events. Embarking on complex real estate transactions and need expert advice? Get the power of Duff & Phelps. From valuation and due diligence to cost segregation and corporate real estate management consulting, the Real Estate practice of Duff & Phelps provides trusted analysis and insight on critical issues. With more than 1,200 employees working together across North America, Europe and Asia, we have the depth and breadth of industry and technical expertise to meet your needs. Get the strength of one of the world’s leading independent financial advisory and investment banking firms. > Financial Reporting Valuation > Tax Services > Real Estate and Fixed Asset Services > Investment Banking > Corporate Finance Consulting > Restructuring Advisory Services > Dispute and Legal Management Consulting Investment banking services are provided by Duff & Phelps Securities, LLC. Duff & Phelps Securities, Ltd. is authorized and regulated by The Financial Services Authority. duffandphelps.com www.cpnonline.com • November 2008 • Commercial Property News 17 http://www.duffandphelps.com http://www.duffandphelps.com http://www.cpnonline.com/conferences http://www.cpnonline.com

Table of Contents Feed for the Digital Edition of Commercial Property News - November 2008

CPN - November 2008 Contents Starting Line Seniors Housing Data/Analysis Conferences Through the Fog CPN’s Top Cities for Investment & Corporate Relocation Finance International Sustainability CPN-Nielsen Claritas Special Report

Commercial Property News - November 2008

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