November 30, 2009
Real Estate Market Trends Don't Matter Anymore
San Diego Business Journal - Commentary
[Excerpt] "The next stage of the recovery is about money, or as Alex Zikakis of Capstone Advisors Inc. puts it, "Once the banks get their capital back up, then they will start dumping assets." The point is that there will be little room for new development until the old inventory is cleared out through sales, rehabilitation, retrofitting and changing uses. There is no way to get around it. "It will be a long road to recovery," stated Zikakis.
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November 26, 2009
Real Estate Pros Share Strategies For Dealing With Recession
San Diego Metropolitan (Uptown Examiner/Daily Business Report)
[Excerpt] Alex Zikakis of Capstone Advisors noted the need to make money in every part of the real estate cycle and to make changes to one’s business model to stay ahead of the trends. He reflected, however, on the dangers of being too opportunistic in a down market and being "too quick to pull the trigger."
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November 13, 2009
Investment: Distressed Asset Investors Focus On Operating Partners
California Real Estate Journal (PDF)
Investors with funds for acquiring distressed commercial real estate and troubled mortgages are looking not only for assets managers but experienced operating partners to help them handle the properties they acquire, according to a panel assembled by the San Diego chapter of NAIOP, the commercial real estate development association, on Nov. 10 at the Marriot San Diego Del Mar.
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San Diego Business Journal - June 22, 2009
Capstone Advisors Takes on Asset Management
In good times, Carlsbad real estate development firm Capstone Advisors would be working on a shopping center or residential project. Of course, these are far from good times. Now Capstone, along with other developers, is expanding its asset management and receivership work as economic conditions worsen.
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SignOnSanDiego.com - June 22, 2009
'Vultures' circling commercial properties - Real estate investors anticipating skid in nonresidential sector
Now that the housing crash appears to be nearing bottom, all eyes have turned to offices, hotels and other commercial real estate as the next properties that might be poised to collapse. So-called vulture investors have begun popping up in search of troubled commercial buildings, which they hope to acquire at steep discounts.
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