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Stars to Watch 2014: James Cassidy
Executive Managing Director, Cassidy Turley Greatest Accomplishments: He lauded “the great team we’ve put together and the body of work we’ve accomplished,” along with the “high character” culture of the office, its open-door policy and a focus on encouraging the growth of less experienced team members. Best Advice Received: “If you have strings, don’t pull them; yank them.” And his father used to tell him that people like to do business with people they like and that he should always take care of the young guys—you want to hire up and you want them to be better than you. Secrets…
Stars to Watch 2014: Patrick Carroll
Founder & CEO, Carroll Organization Memorable Achievements: Seeking to establish the Carroll Organization’s operational capabilities, Carroll purchased the Alpharetta, Ga.-based Affordable Realty Management in 2009. In 2010, he purchased Hediger Enterprise of Greenville, S.C., and Miles Properties of Atlanta. “I was a one-man developer trying to build an operational platform that would allow us to become vertically integrated,” he said. Last year, the Carroll Organization closed on a banner $1 billion in acquisitions, purchasing properties in Texas, Florida, Georgia, South Carolina and Tennessee. Among its purchases were The Resort at Pembroke Pines in Miami for $225 million (the largest acquisition in the…
Stars to Watch 2014: Melissa Roman Burch
Executive Vice President, Forest City Ratner Cos. Greatest Accomplishments: Development of Atlantic Yards, most recently including the groundbreaking development of an innovative new modular design concept for the residential buildings. But “it’s hard to top the excitement of developing your first project,” Burch observed. “My first building, 80 DeKalb Ave., was the first residential building that our company developed in Brooklyn.” The 365-unit housing project is ”a first for myself and for Forest City Ratner Cos. It launched the residential business for the company.” Secrets to Success: “I am a curious person. I don’t accept the easy or the first…
Stars to Watch 2014: Daniel Bassichis
Co-Founder & Managing Partner, Admiral Capital Group Greatest Accomplishments: In 2007, Bassichis teamed up with Basketball Hall of Famer and philanthropist David Robinson to launch Admiral Capital Group, which has more than $250 million worth of assets under management. The company uses an innovative model that allocates 10 percent of its profits to non-profit programs in markets where the company invests. A turning point came in 2010, when Bassichis and Robinson partnered with USAA Real Estate Co. to form the Admiral Real Estate Fund. Bassichis has also been instrumental in forming joint ventures with institutional players like the Teacher Retirement…
Brand-New Brand Names
Typically prompted by a corporate acquisition or a new direction, rebranding is a crucial but often overlooked process. A series of well-known commercial real estate brand names have morphed or disappeared in recent years. The scorecard below offers a sampling of some notable new brand names and their predecessors. For more about the trends in rebranding strategy, be sure to read “The Name Game” in the January issue of CPE.
If you understand and define the downside, then effectively you have assessed the risk.
–Sam Zell, Equity Group Investments chairman
Craig Meyer: Industrial Takes Off, But Not Everywhere
https://blog.commercialsearch.com/news/industrial-2/craig-meyer-high-velocity-big-box-market-index-industrial-takes-off-but-not-everywhere/
Property Taxes: Things to Remember
By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists: How is the value of a property determined if it has not gone to market yet?





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