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As President Obama has stated many times this is a transformative time for
My career and the real estate world itself seemed to undergo abrupt and disruptive changes in just one short year that I was away. The industry is clearly evolving as I see significant structural change in which the way business is done. My good friend and colleague at Fidelity National Title, Scott Miller, did a superb job in “holding down the fort” so to speak while I was away… but upon my return much was discussed about the changes in our industry and how we might be able to add meaningful value to our clients during this adverse cycle for Commercial Real Estate.
Those discussions gave birth to this blog. Complementing this blog is a powerful and easy-to-use Commercial Real Estate site Fidelity National Title Major Accounts group has built to help our current and prospective clients navigate the changing landscape and dynamics of doing business in Commercial Real Estate today.
It is our hope it becomes a valuable tool in helping our clients adapt, transform, and reinvent their businesses at all levels of participation from brokers and attorneys to developers and lenders. At best it will help you save time and money, gain valuable insights, and allow you to make new connections to forward your business or practice. At worst you will most certainly get access to new ideas from the thought leaders on Commercial Real Estate investment and in “one click” be able to have a dashboard of consolidated information, tools, news, and research all underpinned with a powerful customized CRE Search Engine. You can find the site by clicking HERE. It is generating thousands of hits daily and it does not officially launch until November 1st. That is very encouraging that we’re doing the right thing for our clients.
The title of our blog and the accompanying CRE Search site is named in the spirit of revisions and evolutions: CRE 3.0 taken from the web and tech world that is fond of the 1.0 and 2.0 nomenclature. The Commercial Real Estate industry has certainly experienced two clear phases of evolution from the Legacy (1.0) world of CRE to the wild Wall Street financed securitized version (2.0), the land rush of the last 10 years, and now on to the next evolution of CRE. In the 3.0 phase we see structural and secular shifts taking place across the entire nation in virtually all industries.
The next evolution for CRE will be rooted in new fundamentals, proven math and business models, revaluing stability and strength, and technologies both new and proven will help the industry stabilize, grow, and then prosper again. Our blog aims to cover the various components of this evolution, provide news on the changing dynamics of the industry, and highlight areas of opportunity. There are thousands of gloom and doom blogs already posting their overanalyzed analyses and stating the extremely obvious ad nauseam. We are not one of them. We will provide factual statistics of course but our intent is to also provide unique insights into changes taking place right now and implications of opportunity within those changes.
Our next blog posts will cover the following topics:
- Where are the opportunities? Now? 3 years? 10 years?
- Distressed assets markets
- Distressed notes markets
- Where’s the Money? Is there Money? Finding Financing (It IS out there) My colleague here at Fidelity, Scott Miller (Scott.R.Miller@fnf.com), has already located funding for some of his broker clients transactions.
- CRE 3.0 Technologies: RIISnet Argus ADAPT Platform, Fidelity SmartView, and Fidelity CRE 3.0 Search Engine
- Pitching in the Age of Floating Valuations and Expectation Gaps
- Building “deal teams” to give you an edge in your business
- Transaction Risk Mitigation
- Building Trust
- Government and Commercial Data Analytics for current and future trends
These are just some of the upcoming topics we have in store for you and we are excited to dive into this effort on behalf of our current and prospective clients. From time to time we will have guest bloggers that will cover the various perspectives of CRE industry participants and we welcome any comments or feedback on our blog, the industry, or any articles we post.
For up to date information on Distressed Commercial Real Estate go HERE. How about searching for the latest trends, research, videos, and blogs go HERE or HERE. One of the most promising technologies we’ve seen that can unseize the seized up CRE market is from RIISnet.com in conjunction with Argus. If you’re involved with disposition of distressed assets in a fiduciary capacity you absolutely need to go HERE and scroll down to the RIISnet section of the page. It is a time investment that will give you favorable returns.
See you in a few days with our next post.
Best Regards - Warren (warren.samek@fnf.com)
