REal Talk with Adam Perrotta-Tuesday
Add Macquarie and CNL Financial to the list of firms looking to capitalize on the struggling state of the investment market. The duo's just-announced $1.5 billion global REIT will likely find some pretty good bargains to be had from sellers deperate to raise cash and repay outstanding debts. If the REIT is able to leverage up its capital base by an additional $1.5 billion as it plans, that's a lot of bargains to be had. In fact, the biggest challenge might be resisting the tempation to go on a cheap shopping spree, but rather to identify quality investments that make sense in the long term picture.
Meanwhile, GVA Worldwide continues to change before our eyes with the addition of Richard Kimball in the newly-created role of North America CEO. The move follows New York-based subsidiary GVA Willams selling out a 65 percent stake to FirstService Corp., and the retirement of GVA Worldwide president & CEO Michael Corbett, which went down--pretty quietly--in October. Looks as though the firm might be in a tranformation mode; something certainly worth keeping an eye on in the coming months.


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