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The Inside Scoop on the People & Places that Shape Atlanta Real Estate | |
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Eastdil and Campanile
View from the top: the Campanile building at 1155 Peachtree Street.
The battle for the Campanile's
marketing assignment brought out Atlanta's investment-sales big guns,
but Eastdil Secured won out in the end. The pressure was on our local
Eastdil guys, too, as the Midtown trophy's $98.35 million note now is
held by Wells Fargo, Eastdil's parent company that inherited Campanile's
financing when it acquired Wachovia. Randy Evans, Mike McDonald, Miles
Theodore and Kennedy Hicks are marketing the 444,322-square-foot former BellSouth
headquarters.
Eastdil's on a roll lately,
as the investment bank is also marketing Atlantic Station's 600,000
square feet of retail, an effort led by Eastdil Managing Director Eric
Zimmerman.
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Haddow's Solution System 
David Haddow at his office yesterday afternoon.
Haddow & Co. performs a
number of different tasks for a number of different clients but,
ultimately,
it's all about problem solving.
"That's the common thread
with everything we do," said David Haddow, who founded the company
in 1989. "Our contribution is that we're objective and willing to
shoot straight with people."
Haddow & Co. provides
consulting
and land-use planning for nonprofits and institutions with real estate
quandaries, families that may be dealing with real-estate inheritance
issues, developers and investors.
The company is perhaps best
known for its condo market study, a tiny piece of the company's business
that came about accidentally. Haddow started doing the condo study in
1999 on behalf of a bank that had $100 million in condo loans and wanted
a market study. From that study and word of mouth, Haddow emerged as
a go-to source for Atlanta condo data, and the company was perhaps the
first to say "stop!" in 2006 before the last gasp of condo development
put 3,000 new units on the market.
The market was overpriced to
begin with, Haddow said, and is now back to reality in part due to early
2009 auctions that set the basis. Many developers have accepted the
fact and dropped prices 30 percent, which is bolstering the mid market.
The luxury sector is vastly bleaker, Haddow said.
"The really bad news would
be if they cut prices 30 to 35 percent and nobody showed up," Haddow
said. "I don't think we'll have a 10-year wait (for new condo
development) like we had from '86 to '96, but I don't think we'll
see a luxury condo for a long time."
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NFL Supports RCA
Left to
right: Charlie Caswell of Pritchard and Jerden, Felix Fugueroa of
Northwestern Investment Management, Mazeen Porbandarwala of Wells Fargo Real
Estate Group, Debbie Koenig
of NAIOP Georgia, Jalil, RCA student, Travis Vickers of Bakers Barrios
Architects, Ron Clark, Founder of RCA
and
Mitch Bollinger of KBS Realty Advisors.
NAIOP GA Future Leaders and members participated in the Ron Clark
Academy
Open House on Friday. NAIOP GA is a proud sponsor of the academy, a private school that works
with inner city
students and provides programming for teachers in Georgia and across the
world with the mission to improve education
everywhere. NAIOP
recently donated $40,000 to the academy,
with funds raised from the popular NAIOP Night proceeds.
Part of the donation was used to give Jalil (pictured
above)
an "Xtreme Dream Room Makeover". Props from the Rooster to our Future Leaders!
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From left to right: Brett Buckner of Buckner & Co., David Mimms of Mimms Enterprises and Rob Binion of Lavista.
Wednesday was an unseasonably cold day, but that didn't seem to bother the bundled up golfing crowd, several fisherman or the Rooster. We stopped in to check out the SIOR Tournament at the Piedmont Driving Club. The team of Gardner Fisher, Richard Morgan (both of ARBON) and CJ Young (Office Warehouse Brokerage) tied for first place with Ben Logue (Colliers), Blaine Kelly (CBRE), Kent Mason (First Industrial) and Price Weaver (Colliers) at -15 par.
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REGA: Thank You and Good Night!
From left to right: Jill McEntegart of GE Real Estate, Mark Hancock of The Private Bank, Terri
Keith, and Mark Sixour of Holliday Fenoglio Fowler.
Real Estate Group of Atlanta
(REGA) welcomed Ron Glass, Principal of GlassRatner Advisory &
Capital
Group, for a Tuesday evening discussion on "Putting the Real Estate
Industry Back Together Again." Glass nearly set the record for world's
shortest presentation, but then proceeded to discuss how we got here
and how we move forward and current bright spots like increasing REIT
share prices and capital's demand for quality real estate.
"The answer is: put the capital
markets back together," Glass said to start the evening. "Thank
you, and good night!"
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