January 2010


OK… I am a sap for motivational stuff… I’ve walked on hot coals with Anthony Robbins and started skydiving as a metaphor of overcoming my fear of heights… take a peek at this 1min 16 second video to remember the simple lesson that if you’ve never failed… you’ve never lived.

2009 was a horrible year for many of us in the commercial real estate industry with transaction volume down 78% and CMBS securitizations down 99% from their highs. I’m encouraged that 11 days into the new year the phone is ringing! So far in 2010 we have presented 3 term sheets on distressed commercial real estate /  notes and 2 term sheets on acquisition loans… This tells me that Buyers and Capital are both looking to shake off the failures of 2009 and get some deals closed in the New Year.

Follow this link to view an inspirational 4-minute interview with Barry Sternlicht, the founder of Starwood Capital, to learn what motivated a then 31-year old unemployed young man to take the leap of faith and start his own business. From humble beginnings his 3-man start-up went on to become the world’s largest owner of hotels. This Wall Street Journal video is sure to get your blood pumping at the start of the New Year!