News
OUR OTHER CITIES
February 1, 2010
| It's been a busy time for our Bisnow event division! Last week we hosted major real estate conferences in, count 'em, four different cities. (Although you could say we're lazy, since we are publishing in six cities now.) |
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| On Thursday, we held our first Bisnow Dallas event, a big happy hour with the help of these fine reps of real estate powerhouses Cousins and Parmenter, which had a great 25,000 SF floor plate to show off at Preston Center.Complete with live band, big Tex Mex spread, and 20 uniformed parking valets, the party attracted 450 even in the biggest storm of the year. (If getting 450 people to a building you're marketing sounds useful, contact us about hosting a party.) The building's in one of the nicest neighborhoods in the city. Jerry Jones, Mark Cuban, and George W. live within blocks of it, but evidently were doing something else that night. |
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| On Friday Bisnow DC hosted 400 at the Willard Intercontinental for top speakers on GSA—which keeps Washington humming these days. Top GSA and DC officials, plus leaders from Brookfield, Perkins+Will, Beacon Capital, Jones Lang, Trammell Crow, and Reznick Group agreed: It's nice to be in the nation's capital when it's spending money. |
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| Here was our sixth Bisnow NYC conference Tuesday on W. 44th.?On the mend? was the headline for the morning, suggested by panelist and NY investment sales king Woody Heller of Studley, who says it's not sellers who are finally capitulating, but buyers. In particular, he says, offshore buyers who think they missed the boat in London and don't want to miss it in the US. He says money is plentiful and strong assets for sale is the true commodity in short supply. In other good news: Rental rates are rising because sublet space is being taken off the market. |
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| On Wednesday, we held our third Bisnow Chicago event (which we mentioned last week): this one at the Metropolitan Club on the 66th floor of Willis Tower (formerly the Sears Tower). Some are pushing the nickname Big Willie. Others...aren't. |
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| Legends Mike Reschke (who's developed $11 billion of commercial property like Citadel Center and 77 W. Wacker) and Paul Beitler(who's developed 10M SF of buildings, done 7000 leases including a million SF to JP Morgan Chase, and flies his own jet planes like John Travolta) were a bit glum. They say current circumstances are unlike most of what they've seen in the past. Mike suggested that TARP needs some ?FABRIC?: Federal Asset Backed Rating Insurance. |
