"It is a generational opportunity to acquire real estate. While there may be further value adjustment...I expect institutional investors to come back into the market...there's just too much capital in the institutional coffers." - @RichardJBarkham#CBREInvestorSymposium
"Savvy investors need to look through the political noise and see a robust consumer sector that is going to drive global growth." - @RichardJBarkham, Global Chief Economist for @CBRE, at #CBREInvestorSymposium
"Momentum is the theme of this year’s conference; it is the right word and will only accelerate as spreads compress and confidence improves." - @SpencerGLevy at #CBREInvestorSymposium
Michael is a partner and rising star and together their insights on the future of NYC real estate provides lessons both for the city and other areas dealing with the same issues surrounding redevelopment of office, changes in sustainability regs, lender/borrower issues and more.
PS. Speaking of "big" news, it was also great to be in DC today as my son Blake Levy enrolled at @AmericanU in DC yesterday. So for everyone who is getting tired of my Michigan vest, an American U one is on order! Congrats Blake! SGL
Great conversation with Stephanie Dorsey, head of Americas real estate for @Siemens, one of the largest tech firms in the world (360k employees, over 80m sf of office and industrial, I'd say that's big!)
Great discussion on how Siemens is navigating growth in manufacturing with right sizing its office footprint. Learn more on the Weekly Take in a few weeks.
Melina then left at her peak to form her own firm “P20” to make the world, specifically the workplace, better for all. Despite all her specific qualities, her character tops them all. Great to see you Melina. Rock on! SGL
Much as I’ve been fortunate to have more than my fair share of mentors, Ray Torto among them, I’ve tried to “pay it forward” and have dozens of mentees (which we sometimes call “Mentos” as we try to have fun too) and I often have them speak to each other.
I was proud to hire Melina about 8 years ago and watched her spectacular rise at CBRE due to her incredible intellect (unfortunately &”@Yale, not @Cornell or @Harvard ☹) and world class public speaking and communication skills.
Learn more in this week's WT along with @CBRE's Tennessee leader Elizabeth Goodwin, @HighwoodsProp's Nashville leader Alex Chambers, a shout out to my friends at Elmington and don’t underestimate Nashville like many did with Mr. Jennings. SGL
And build they did as Nashville is now one of the fastest growing most dynamic cities in the world with world class business in its head but country music in its soul.
...so he along with Johnny Cash, Merle Haggard, Mr. Nelson, Loretta Lynn, Emmylou Harris, George Jones, Ray Charles, Hank Williams, Dolly Parton, Patsy Cline and others could build Nashville on these ashes.
Waylon Jennings is best known as a founder of “outlaw” country, the voice of The Dukes of Hazard and his duet “Mama don’t let your babies grow up to be cowboys” with Willie Nelson.