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CCIM breakfast speakers explore financing issues in today’s economy

Bess Kessinger with Q10 | Triad Capital Advisors, and David Kenner, Levy and Craig, PC (above with Bill Fair) along with John Parker of  Q10 | Triad, (below with Steve Coon of Rapid-Built Properties, LLC)  gave an update on the real estate debt markets – how we got here and what happens next – at a recent CCIM breakfast meeting at Mission Hills Country Club.

Kessinger’s talk, titled “Real Estate Capital Markets, Why Can’t I Borrow More Money?” gave some sobering statistics and information: the credit meltdown, in a nutshell, happened because we had easy access to capital, inflated property values, and appreciation was cap rate driven and had little to do with underlying real estate fundamentals. CRE annual transaction volume dropped from $366.4 billion in 2007 to $18 billion in 2009.

 

But Robert Pitkin, Levy and Craig, and Robert Gude (above) heard some

good news, too,: financing is available for strong borrowers,

secured by quality real estate in quality markets,

and the economy is showing positive signs of recovery.

New capital sources include private equity funds,

sovereign funds, investment banks, REITs and others.

Jack Hanrahan with First American Title Insurance Company, Linda Peroff with Cohen-Esrey, and Raymond Sisson with Coldwell Banker Commercial spent some time networking at their table after the breakfast.

Ping Pong winner declared at Harbinger happy hour tournament

 

Colleagues gathered at Harbinger Property Group

on a recent afternoon for food, beer, and yes, the

ping pong championships. Above, Brent Peterson of Harbinger won

the tournament and Patrick Meraz, also with Harbinger, came in

a close second.
 

Peterson and Zac Haith with Zimmer (below) show off their skills.

Below, Matthew Severns, Kessinger-Hunter, Patrick Meraz 

and Mark Laverentz, both with Harbinger, gather around 

the table.

Ken Block honored with 2009 Allen J. Block Realtor of the Year Award
The Kansas City Regional Association of REALTORS  announced award
winners of their 2009 best in Commercial Real Estate.
Ken Block (below) won the highest honor, the 2009 Allen J. Block
Realtor of the Year Award. Six other Block Real Estate brokers
also won awards for their success in Commercial Real Estate last year.

 
  

This entry was posted on Tuesday, April 13th, 2010 at 8:37 pm and is filed under Commercial, Commercial Friday issue. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.