News
MORE LIQUIDITY, MORE TRANSACTIONS
January 20, 2010
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| Holliday Fenoglio Fowler’s New York office is expecting more increases in business this year, as those who own paper and hard assets begin to sell at market prices. We visited senior managing director Mike Tepedino, who cited HFF's recent $50M sale of Princeton’s trophy 1100 Campus Road. He says more liquidity will lead to an increase in transactions, there’s pent-up demand for equity and debt investors, and more domestic and foreign investors are looking to place money. Also expect the capital markets business to continue its tremendous consolidation. |
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| Mike with colleagues (clockwise) Jay Marshall, Jeffrey Julien, and Michael Gigliotti. With the industry consolidation, many companies and individuals will leave the sector, he notes. He says that HFF is ready to increase market share by hiring on to its national platform; it’s already added debt and investment sales professionals to its San Francisco, Orange County, and Houston offices. The NYC office, in particular, is looking for producers to expand its veteran group of 25. When Mike’s not juggling deals—like the recent $44M financing for an RXR Tri-State suburban office and industrial portfolio—you can find the doting dad of four coaching football, baseball, and soccer. |
