Category: Featured

Foreign Capital Continues to Drive Biggest U.S. CRE Investments

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Far from losing steam, foreign investors in the last few weeks seem to have stepped up their U.S. real estate investment game in the wake of several new mega-deals, while others have announced they intend to do so after a sluggish start to the year.

The breaking news this week is that Saudi Arabia’s Olayan America, in a joint venture with Chelsfield, a London-based property group, struck a deal to purchase the Sony Building at 550 Madison Ave. in New York City for $1.3 billion.

Read more at CoStar.

Lenders Tighten CRE Borrowing Standards

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Bank and CMBS loan originators tightened their lending standards for all types of commercial real estate loans during the first quarter, a marked reversal from the previous few years.

A significant number of U.S. banks reported tightening standards for construction and land development loans and loans secured by multifamily properties, according to the latest Federal Reserve Senior Loan Officer Opinion Survey released this week. Additionally, a moderate number of U.S. banks reported tightening standards for loans secured by office, industrial, retail and hotel properties.

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[CoStar]

Edge Realty Capital Markets expands to Houston

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EDGEHeadshot1EDGEHeadshot2HOUSTON — EDGE announced today that it is expanding the EDGE Capital Markets (EDGECM)
platform to their Houston office. This will allow EDGE Houston to now transact on a full
range of investment properties across all asset categories.

To launch the platform, Burdette Huffman and Kevin Holland joined the EDGE-CM leadership
team as Principal and Senior Vice President, respectively. Burdette joined from Texas retail
developer Lovett Commercial and previously served on the senior leadership team of
Francescaʼs, a national fashion retailer. In addition, Burdette served in acquisition, capital
markets and development roles with Weingarten Realty Investors, a national real estate
investment trust (REIT). Kevin joined from the investment sales division of CBRE where he was
involved with $1.6 billion in transactions. Previously, Kevin worked on the principal side for
Equity One and Weingarten Realty Investors. Huffman and Holland join Houston EDGE
Principal, Josh Jacobs as well as Senior Vice President Jed Mandel and Associate Bill Pyle.

“Huffman and Holland bring deep industry relationships and exceptional experience to EDGECM,
where we view investment sales as an integral part of the value proposition we bring to our
clients,” said Jacobs. “With our team in place in Houston, our goal is to elevate the EDGE-CM
profile across Texas and surrounding states, serving as a leader in the industry in investment
sales transactions.” Josh Jacobs goes on to mention, “The foundation of our robust brokerage
platform is all about exceptional people that can assist our clients to achieve their real estate
objectives. We are excited to welcome all of these talented new members to our team.”

Adam Schiller, co-founder of The EDGE family of companies, said, “We are thrilled that the
Houston platform is expanding with the full suite of EDGE Capital Markets services. We feel
this is a true value add for our existing and future clients.”

Since inception, the collective EDGE-CM team has completed over $2.25 billion in retail, office,
industrial and multi-family sales across the US.

Tarantino Properties, Inc. Announces New Director of Acquisitions.

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CaptureHouston TX — Tarantino Properties, Inc. is pleased to announce that
Bob Stephan has been named Director of Acquisitions. An experienced leader and manager with an
outstanding track record of delivering results, Stephan served as Managing Director in his twenty-year
career at Coastal Securities, Inc. where he was a Partner since 1997. In 2006, he was elected as the
only non-bank Director on the National Association of Government Guaranteed Lenders and served
on the Board until 2012.

In the Director of Acquisitions role, Stephan’s responsibilities will be overseeing the sourcing,
underwriting, structuring finance and general oversight of all new acquisitions of multifamily, retail,
office and industrial properties. Upon performing due diligence and assembling the ownership entity,
Stephan is fully committed to maximizing the financial performance and value of the Tarantino
Properties’ portfolio of company-owned and controlled assets. In addition, Stephan is charged with
leveraging TPI’s thirty-five years of experience and existing client base of individual investors into a
profitable investment company for institutions and private equity, as well.

Bob Stephan is a graduate of Texas A&M University in 1985 with a Bachelor of Science degree. He
went on to earn a Master of Business Administration degree in Finance from University of Texas at
Arlington in 1992. Bob Stephens is a dedicated sports enthusiast, tennis player and volunteer youth
sports coach for his 4 children.

Houston: NAI Partners Facilitates deal of 22,415 SF Industrial Facility

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Houston, Texas  – NAI Partners facilitated the sale and purchase of 22,415 SF freestanding Industrial Manufacturing facility on 2.82 acres located at 4740 Eastpark Drive, Houston, Texas.

Darren O’Conor of NAI Partners represented the seller, BV Oilfield Service & Supply in the negotiations, while Jake Wilkinson of NAI Partners represented the buyer, Power Supply Seals.

For additional information please contact Darren O’Conor or Jake Wilkinson at 713.629.0500

About NAI Partners:

NAI Partners is one of Texas’ largest independently owned commercial real estate services organizations with offices in Houston, Austin & San Antonio. Firm reputation for leadership, knowledge, creativity and proven ability. The company has a distinctive, solid foundation comprised of top-level local professionals with a diversified skill set offering over 20 years of commercial real estate experience.  NAI Partners is a truly full-service commercial real estate institution, supported nationally and internationally through a partnership with NAI Global.