The University of Miami held its fourth annual Real Estate Impact Conference on February 18th at the JW Marriott Marquis Miami in Downtown Miami. In front of a standing room only crowd of approximately 600 people, both local and national real estate heavyweights spoke on topics such as Retail Evolution and Revolutions, New Concepts in Lifestyle Hotels and Creating Value in Urban Real Estate by the Use of Public Space. The keynote speaker was Richard LeFrak, Chairman and CEO of the LeFrak Organization, a privately held, family run company based in New York.In the Retail Evolution and Revolutions panel, Michael Comras, President and CEO of the Comras Company, served as the moderator. The panelists were Robert Cohen, President, Southern California, for RKF; David Forbes, a partner in The Forbes Company; Matthew Lazenby, President and CEO of Whitman Family Development; and Erich Melsheimer, Senior Director of Real Estate of Gap, … [Read more...] about The Impact is Being Felt – Retail Evolution and Revolutions re: Real Estate
Silicon valley real estate
The New York Times Magazine published a long-form article recently titled “The Unlikely Activists Who Took On Silicon Valley — and Won” discussing a group of privacy activists that successfully passed a California bill protecting user privacy from tech giants. The article published in the New York Times Magazine opens by discussing a man named Alastair Mactaggart, a bay area real estate mogul who had made much of his money thanks to the exorbitant rent prices in areas surrounding Silicon Valley tech companies. If anyone should have been happy about the presence and actions of tech firms it should have been Mactaggart, but instead, the real estate businessman became increasingly worried about the information that these tech companies were collecting on users.The article states: The way Alastair Mactaggart usually tells the story of his awakening — the way he told it even before he became the most improbable, and perhaps the most important, privacy … [Read more...] about NYT Magazine: ‘The Unlikely Activists Who Took On Silicon Valley – and Won’
In a surprise to many in Silicon Valley, Matthew Sonsini is leaving the firm his father founded to become executive VP of the The Sobrato Organization, a local real estate company founded by his father-in-law.Many had speculated that Sonsini, a member of the policy and nominating committees at Wilson Sonsini Goodrich & Rosati, would eventually become a firm leader, the Recorder reports.“I’m surprised—he’s one of the people that I certainly considered to be integral to the firm,” David Saul, a former Wilson Sonsini lawyer now at Ropes & Gray, is quoted saying. “I believed that his roles and responsibilities reflected the expectation that he would be one of the future leaders of the firm.”It’s unclear, however, whether Sonsini is indeed giving up his shot at firm leadership. He told the Recorder that he is not resigning from the partnership and may return at some point.“I don’t know how long the leave is going to extend … [Read more...] about Sonsini Leaves Father’s Firm to Join Real Estate Co.
Fearful lenders are behind a slowdown in the San Francisco real estate market that has extended to high-end commercial transactions and affected the lawyers who handle them.Besides seeing an increasing number of failed real-estate deals, lawyers are finding that clients are seeking discounts of up to 15 percent if a deal stalls, the Recorder reports.One big deal that fell through was a private equity fund’s planned $1.8 billion purchase of Mission West Properties, which owns commercial real estate in Silicon Valley.There is a bright side, however. Clients whose deals fall through are sticking with their original lawyers as they seek ways to restructure their loans. Law firms are now working on an increasing number of such work-intensive workouts.Erin Rothfuss, a real estate finance lawyer in Gibson Dunn & Crutcher’s San Francisco office, told the Recorder that work is still plentiful. “I’m just seeing more people scrambling for financing and more workouts … [Read more...] about Workouts Keep CA Real Estate Lawyers Busy
SECTIONS Search E-edition Customer Service Customer Service SacBee Rewards About Us About Us Contact Us Apps Mobile & Apps Twitter, Facebook, Google+, YouTube News in Education (NIE) Newsletters Local Sacramento Region Arena City Beat Crime Local Govt Salary Database The Homeless Marcos Bretón Transportation Education Environment Health & Medicine Traffic Conditions Weather Communities Elk Grove Folsom/El Dorado Roseville/Placer Yolo Sports Sports Kings NBA News 49ers Giants Oakland A's High School Sports Joe Davidson More Sports Raiders NFL News MLB News River Cats Soccer Colleges Golf Autos Racing Politics Politics Capitol Alert State Workers The California Influencer Series Local Elections PoliGRAPH State Worker Salary Database Legislative Gifts … [Read more...] about Valley mayors hopeful after meeting with Newsom on high-speed rail, economic growth