Podcasts about real capital analytics

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Best podcasts about real capital analytics

Latest podcast episodes about real capital analytics

The Bazz Show
48 - How Market Research is Done? with Kevin Imboden

The Bazz Show

Play Episode Listen Later Jul 21, 2023 24:50


Kevin Imboden is director of research at Cushman & Wakefield. He joined in 2017 after a decade of interpreting commercial real estate, retail, data center, and economic data for Real Capital Analytics and working as a freelance advisor for new ventures. He has produced a variety of research in primary and emerging markets, conducted both local and international market analyses, appeared on many podcasts, and presented at speaking engagements. He has a strong knowledge of the global data center industry, international capital flows, and macroeconomics, and frequently deciphers current and future trends of both local and global markets. He has a combined degree in business management and economics from the University of California at Santa Cruz. Imboden has produced over 100 industry research reports, provided advisory across the data center industry, and restructured all data center research methodology and data structure at Cushman & Wakefield. He is a key member of team that created the first fully international commercial real estate platform while at Real Capital Analytics and led all global research programs. He has also constructed and managed research teams in Silicon Valley, New York, and London. He currently  serves as the chair of the board of directors for the Community Overcoming Relationship Abuse in San Mateo, California. He served as board secretary at Umunhum Brewing (2016-2019) in San Jose, California, and on the North American Research Task Force (Emeritus), International Council of Shopping Centers in New York 2013-2018. In his free time, he enjoys travel, basketball, yoga, hiking/running, playing the ukulele, baking treats in the kitchen, and obsessing over Formula 1.

CRE with CBCworldwide
In Case You Missed It: March '22

CRE with CBCworldwide

Play Episode Listen Later Mar 7, 2022 5:36


CBC is already off to a busy start in the new year. You will hear about Operation Pathfinder updates, Real Capital Analytics rankings, CCIM news, Global Conference and more

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America's Commercial Real Estate Show
Office Sector Update with Real Capital Analytics

America's Commercial Real Estate Show

Play Episode Listen Later Feb 15, 2022 30:19


Jim Costello with Real Capital Analytics shares his views on the office market, including cap rates, impact of covid, hybrid work, and rising interest rates. Brought to you by: Bull Realty -  https://www.bullrealty.com/ Commercial Agent Success Strategies - https://www.commercialagentsuccess.com/ Buxton - https://www.buxtonco.com/

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CRE with CBCworldwide
In Case You Missed It: February '22

CRE with CBCworldwide

Play Episode Listen Later Feb 8, 2022 5:02


CBC is already off to a busy start in the new year. You will hear about Operation Pathfinder updates, Real Capital Analytics rankings, CCIM news, Global Conference and more

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Patrick Boyle On Finance
Could Evergrande Impact Global Property Prices?

Patrick Boyle On Finance

Play Episode Listen Later Oct 12, 2021 12:10 Transcription Available


China's crackdown on property developers threatens the London property market.Evergrande, the world's most indebted developer, sparked fears across global markets as it missed a crucial interest deadline on its offshore debts. This week, another developer, Fantasia, defaulted on an offshore bond. A property consultant close to London's development market was contacted in the wake of the Evergrande crisis by a UK regulator with concerns about the risks of contagion in London. “The big question is whether the Chinese will restrict investment overseas,” he said. “That would be a pretty big crisis in the UK and elsewhere.” Between 2013 and 2018, buyers from mainland China and Hong Kong poured close to £3.5bn into London, accounting for almost the entire flow of cross-border investment into the city's land in 2017, according to Real Capital Analytics.Thousands of high-end flats bankrolled by Chinese developers lie unfinished and unsold in Central London as Chinese developers come under pressure from the “three red lines” that seek to curb excessive leverage across the Chinese property sector by limiting the amount property companies can borrow. Could Evergrande impact global property prices?Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On Finance YouTube Channel Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

Commercial Real Estate Podcast
Global Capital Flows During COVID with Jim Costello of Real Capital Analytics

Commercial Real Estate Podcast

Play Episode Listen Later Jul 26, 2021 42:53


Returning for his third podcast appearance today is Jim Costello, the Senior Vice President at Real Capital Analytics. As an economist, Jim looks at the commercial real estate world and helps people understand the intersection between the performance of the market and the capital that flows into it. With a far-reaching knowledge regarding global flows... The post Global Capital Flows During COVID with Jim Costello of Real Capital Analytics appeared first on Commercial Real Estate Podcast.

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America's Commercial Real Estate Show
Retail Property Values

America's Commercial Real Estate Show

Play Episode Listen Later Apr 27, 2021 29:34


How much distress is selling? What should we expect moving forward? How long for large cities to recover? Hear Jim Costello with Real Capital Analytics and Michael Bull discuss all this and more on this episode of America’s Commercial Real Estate Show For our video content, visit https://commercialrealestateshow.com/ or our YouTube channel Brought to you by: Bull Realty -  https://www.bullrealty.com/ Commercial Agent Success Strategies - https://www.commercialagentsuccess.com/ CoreGreen Technologies - https://core.green/

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Discovering Multifamily
Single Tenant Net Lease Vs. Multifamily Real Estate With Randy Blankstein

Discovering Multifamily

Play Episode Listen Later Feb 17, 2021 17:15


Single Tenant Net Lease Vs. Multifamily Real Estate With Randy Blankstein: Discovering Multifamily Episode 119On this episode of Discovering Multifamily, Randy Blankstein joins us as a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. He is the President of the The Boulder Group and led the Company to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2020.Podcast Links: iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688#episodeGuid=Buzzsprout-3366217 Website: www.redknightproperties.com/media Spotify: https://lnkd.in/gfcVc3p Links/Shout-Outs Mentioned: www.redknightproperties.com - Red Knight Properties Website https://www.linkedin.com/in/randyblankstein/ - Randy Blankstein LinkedIn #financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate #investing in multifamily #investing in syndication

CREative Talks! Commercial Real Estate Podcast
028. Real Capital Analytics: Current Debt Market, Distressed, and Lending Landscape w/ Jim Costello

CREative Talks! Commercial Real Estate Podcast

Play Episode Listen Later Nov 3, 2020 30:16


Today, I invited Jim Costello, Senior Vice President of Real Capital Analytics, to give us an overview of the current debt market and lending landscape of commercial real estate. He talked about how the lender composition in this downturn is different from the last downturn, distressed debt, and the overall economy. Please share this episode to LinkedIn and tag me! Thank you so much for helping us to grow this podcast. FOLLOW CREATIVE MEDIA: LinkedIn: https://www.linkedin.com/company/cre-media Instagram: https://instagram.com/cre_mediagroup Minja Yan's LinkedIn: https://www.linkedin.com/in/minjayan/ Podcast Audience LinkedIn Group: https://www.linkedin.com/groups/13884501/ Please contact us here: https://www.cre-media.com/contact Disclaimer: This commercial real estate podcast is intended for commercial real estate professionals, institutions, and investors only. The presenter(s) is(are) expressing his/her (their) view(s) and opinion(s) regarding economic conditions, financing programs and features. The views expressed in this show are for informational and educational purposes only, and do not imply suitability. Each situation is unique, and prior to investing, all programs should be reviewed independently for suitability. Views and opinions expressed are those of the presenters only and do not reflect the views of their employers, institutions, and associations. The information is not intended as investment advice, is not a recommendation about investing, and the presenters and their companies are not acting as your fiduciary.

America's Commercial Real Estate Show
Industrial Sector Insight

America's Commercial Real Estate Show

Play Episode Listen Later Jul 31, 2020 29:02


Michael catches up with Jim Costello with Real Capital Analytics and Greg Pearson with CenterPoint Properties for an inside look at distribution, warehouse and flex real estate. Discussions include current trends, value forecasts, last-mile infill property characteristics and investor strategies. 

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MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong

In a report released earlier this year, Real Capital Analytics said that Asia Pacific real estate investment volumes nosedived in the first quarter and that deal activity plunged to levels seen during the Global Financial Crisis.  In Powering Your Property, we speak to David Green-Morgan, Managing Director for APAC, Real Capital Analytics to find out if there are pockets of opportunity in the sector.  

Commercial Real Estate Podcast
Real Estate Forums Presents: AMA with Jim Costello of RCA Analytics

Commercial Real Estate Podcast

Play Episode Listen Later May 7, 2020 44:47


In today’s special episode, Aaron and Adam are hosting a physically distant AMA (ask me anything) with Jim Costello. Jim is the Senior Vice President of Real Capital Analytics. Additionally, several guests are here to participate in this AMA to ask a variety of questions related to COVID-19: Steven Gross – Director of Asset Management,... The post Real Estate Forums Presents: AMA with Jim Costello of RCA Analytics appeared first on Commercial Real Estate Podcast.

America's Commercial Real Estate Show
Property Values – Corona Time – April 16th

America's Commercial Real Estate Show

Play Episode Listen Later Apr 16, 2020 29:55


Jim Costello with Real Capital Analytics joins show host/broker Michael Bull to discuss Jim’s current view on commercial property transaction volume and property values.For customized commercial brokerage services call Michael Bull, CCIM at 404-876-1640 x 101 or visit http://www.BullRealty.comFor cloud accessible commercial agent training, check out Michael Bull’s video-audio training at: http://www.CommercialAgentSuccess.comAppreciate the show? Please thank our sponsors: http://bit.ly/2ty53e1Subscribe to our weekly show topic email notification to know who’s on each weeks show and the topic: http://bit.ly/2gfoKSNYou’re invited to subscribe to the show’s YouTube channel: http://bit.ly/2u1vr1nFor more videos, podcasts, and articles visit: http://www.CREshow.comConnect with America’s Commercial Real Estate Show: LinkedIn:https://www.linkedin.com/company/americas-commercial-real-estate-show Twitter: https://twitter.com/CRE_show  Instagram: https://instragram.com/creshow 

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Realty Speak
Episode 026 – The Real Estate Data Universe – The Path to a Conclusion.

Realty Speak

Play Episode Listen Later Feb 25, 2020 63:23


Listen and learn from Jim Costello, SVP at Real Capital Analytics as he takes us on a journey through the trends and tools available to make sense of transactional real estate data. Jim is brilliant and we touch on everything from alternative property types, leverage, transportation infrastructure, local national and global markets, the aftermath of impactful economic events and so much more.

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Realty Speak
Episode 026 – The Real Estate Data Universe – The Path to a Conclusion.

Realty Speak

Play Episode Listen Later Feb 25, 2020 63:23


Listen and learn from Jim Costello, SVP at Real Capital Analytics as he takes us on a journey through the trends and tools available to make sense of transactional real estate data. Jim is brilliant and we touch on everything from alternative property types, leverage, transportation infrastructure, local national and global markets, the aftermath of impactful economic events and so much more.

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Commercial Real Estate Podcast
Investing in the Americas with Jim Costello of Real Capital Analytics

Commercial Real Estate Podcast

Play Episode Listen Later Feb 6, 2020 34:22


Coming at you from the Global Property Market Forum, Aaron and Adam welcome Jim Costello in this episode. He is the Senior Vice President of Real Capital Analytics, a company which has many offices throughout the world that track real estate trends globally. In addition to his expertise in the Canadian market, Jim spends a... The post Investing in the Americas with Jim Costello of Real Capital Analytics appeared first on Commercial Real Estate Podcast.

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America's Commercial Real Estate Show
Investing in Office 2019

America's Commercial Real Estate Show

Play Episode Listen Later Sep 23, 2019 15:10


 Jim Costello with Real Capital Analytics to discuss the office sector, including performance, cap rates, and suburban markets.For customized commercial brokerage services call Michael Bull, CCIM at 404-876-1640 x 101 or visit http://www.BullRealty.com For cloud accessible commercial agent training, check out Michael Bull’s video-audio training at: http://www.CommercialAgentSuccess.com Appreciate the show? Please thank our sponsors: http://bit.ly/2ty53e1 Subscribe to our weekly show topic email notification to know who’s on each weeks show and the topic: http://bit.ly/2gfoKSN You’re invited to subscribe to the show’s YouTube channel: http://bit.ly/2u1vr1n For more videos, podcasts, and articles visit: http://www.CREshow.com Connect with America’s Commercial Real Estate Show: LinkedIn:https://www.linkedin.com/company/americas-commercial-real-estate-show Twitter: https://twitter.com/CRE_show  Instagram: https://instragram.com/creshow 

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Trump, Inc.
An Opportunity for the Rich

Trump, Inc.

Play Episode Listen Later Jun 19, 2019 29:41


Under a six-lane span of freeway leading into downtown Baltimore sits what may be the most valuable parking spaces in America. Lying near a development project controlled by Under Armour’s billionaire CEO Kevin Plank, one of Maryland’s richest men, and Goldman Sachs, the little sliver of land will allow Plank and the other investors to claim what could amount to millions in tax breaks for the project, known as Port Covington. They have President Donald Trump’s 2017 tax overhaul law to thank. The new law has a provision meant to spur investment into underdeveloped areas, called “opportunity zones.” The idea is to grant lucrative tax breaks to encourage new investment in poor areas around the country, carefully selected by each state’s governor. But Port Covington, an ambitious development geared to millennials to feature offices, a hotel, apartments, and shopping, is not in a census tract that is poor. It’s not a new investment. And the census tract only became eligible to be an opportunity zone thanks to a mapping error. As the selection process was underway, a deputy chief of staff to Maryland's governor wrote in an email that “Port Covington does not qualify” as an opportunity zone. Maryland's governor chose the area for the program anyway — after his aides met with the lobbyists for Plank, who owns about 40% of the zone. “This is a classic example of a windfall benefit,” said Robert Stoker, a George Washington University professor who has studied economic development in Baltimore for decades. “A major investment was already planned and now is in a zone where they are going to qualify for all kinds of beneficial tax treatment.” In selecting Port Covington, the governor had to exclude another Maryland community from the opportunity zone program. In Baltimore, for example, the governor dropped part of a neighborhood that city officials recommended for the program — Brooklyn — with a median family income one-fifth that of Port Covington. Brooklyn sits just across the Patapsco river from Port Covington, in an area that suffers from one of the highest drug and alcohol death rates in Baltimore, which in turn has one of the highest drug fatality rates nationwide. In a statement, Marc Weller, a developer who is Plank’s partner in the project, defended the opportunity zone designation. “Port Covington being part of an Opportunity Zone will attract more investors, foster more economic growth in a neglected area of the City, and directly benefit all of the surrounding communities for decades to come,” Weller said. Supporters say the Port Covington development could help several nearby struggling south Baltimore neighborhoods. An official in the administration of Maryland’s Republican governor, Larry Hogan, said, “The success of that project is really going to go a long way to providing benefits for the whole city of Baltimore.” The official added: “The governor is a huge supporter of the development.” A spokesperson for the state’s Department of Housing and Community Development, which was involved in the selection process, said that “due to the time limits of the federal tax incentive, the state of Maryland did purposefully select census tracts where projects were beginning to increase the odds of attracting additional private sector investment to Maryland's opportunity zones in the near term.” The Birth of a New Tax Break In December 2017, Trump signed the Tax Cuts and Jobs Act, his signature legislative achievement. Much criticized as a giveaway to the rich, the law includes one headline provision that backers promised would help the poor: opportunity zones. Supporters of the program argued it would unleash economic development in otherwise overlooked communities. “Our goal is to rebuild homes, schools, businesses and communities that need it the most,“ Trump declared at a recent event, adding, “To revitalize these areas, we’ve lowered the capital gains tax for long-term investment in opportunity zones all the way down to a very big, fat, beautiful number of zero.” The provision has bipartisan support. “These cities are gold mines,” New Jersey Sen. Cory Booker, a 2020 presidential hopeful and main Democratic architect of the program, told real estate investors in October. “They’re domestic emerging markets that are more exciting than anything you’ll see overseas.” Here’s how the program works. Say you’re a hedge fund manager, you purchased Google stock years ago, and are sitting on $1 billion in gains. If you sell, you’d send the IRS about $240 million, a lot less than ordinary income tax but still annoying. To avoid paying that much, you can sell the shares and put the $1 billion into an opportunity zone. That comes with three generous breaks. The first is that you defer that $240 million in capital gains tax, allowing you to invest more money up front. But if that’s not enough for you, you can hold the investment for several years and you’ll get a significant reduction in those taxes. What’s more, any additional gains from the new investment are tax-free after 10 years. It’s impossible to predict how much the tax break will be worth to individual investors because it depends on several variables, not least whether the underlying project gains in value. But one investment pitch projected 10-year returns would jump to 91% from 29% on a hypothetical $1 million investment. That includes $284,000 in tax breaks — money the federal government would have collected from taxpayers with capital gains but for the program. The tax code already favored real estate developers like Trump, and his overhaul made it even friendlier. Investors can put money into a range of projects in opportunity zones, but so far most of the publicly announced deals are in real estate. The tax break has led to a marketing boom, with Wall Street pitching investors to raise funds to invest in the zones. Critics argue that the program is flawed, pointing out that there’s no guarantee that the capital investment will help community residents, that the selection process was vulnerable to outside influence, and that it could be a giveaway for projects that were going to happen anyway. In a case in Chicago uncovered by the Real Deal, two tracts already slated for a major development project were selected by the governor as opportunity zones even though city officials hadn’t initially recommended them. Under the new law, areas of the country deemed to be “low-income communities” would be eligible to be named opportunity zones. The Treasury Department determined which census tracts qualified. Then governors of each state could select one quarter of those tracts to get the tax benefit. That governor prerogative turned out to be very useful to Kevin Plank.   Plank’s Dream In 2012, Plank-connected entities quietly began buying up waterfront property on a largely vacant and isolated peninsula south of downtown Baltimore. Often using shell companies to shield the identity of the true buyer, they ultimately spent more than $100 million acquiring much of the peninsula. Plank’s privately held Sagamore Development now controls roughly 40% of the area that would later be named an opportunity zone. In early 2015, more than two and a half years before Trump’s tax law passed, Plank revealed himself as the money behind the purchases. He planned a new development and headquarters for Under Armour, the sports apparel company he started after coming up with the idea as a University of Maryland football player. Today, Under Armour employs 15,000 people. Plank has a net worth of around $2 billion. Though the Port Covington area was cut off from downtown by I-95, Plank said he likes the location because of the visibility. “When people drive through Baltimore [on I-95] I literally want them to drive through and go, 'There's Baltimore on the right. There's Under Armour on the left,’” he told The Baltimore Sun. A year later, Plank’s firm took his vision to the general public, running TV and print ads touting the new project. One of the ads, reminiscent of the Democratic presidential primary spots airing at that time, was filled with a diverse cast sharing their dreams for a new city within a city. “We will build it. Together,” the ad begins, before running through a glittering digital rendering of contemporary urban design features. Office towers, shops, transit, parks, jobs — all of it to be anchored by a new world headquarters of the city’s most visible brand name, Under Armour. Sagamore would spearhead the project and sell land to others who would build businesses and housing. Even before qualifying for the opportunity zone break, taxpayers were going to subsidize the development. Days after the ads touting togetherness, Plank proposed that the city float $660 million in bonds to help build what the company has said would be a $5.5 billion development. Opponents contended Plank’s proposal amounted to corporate welfare that would exacerbate the city’s stark economic and racial divides. But the company agreed to provide millions of dollars to the city and a group of nearby low-income neighborhoods to gain support for the project, and the City Council passed the measure that fall. As Under Armour’s stock plummeted in 2017 amid slowing sales growth and progress on the Port Covington project lagged. That September, Goldman Sachs stepped in to commit $233 million from its Urban Investment Group. Hogan, himself a real estate developer, personally spoke with the then-CEO of Goldman, Lloyd Blankfein, about the deal. Meeting With the Governor’s Office In the weeks after the 2017 federal tax overhaul passed, Plank’s team spotted an opportunity. Nick Manis, a veteran Annapolis lobbyist who has also represented the Baltimore Ravens, reached out to Hogan’s chief of staff about Port Covington, according to emails obtained by ProPublica through a public records request. The developers and their lobbyists had given at least $15,000 to Hogan’s campaigns in recent years. A meeting was set for early February. But the developers had a problem. The Friday before the meeting, a deputy chief of staff to the governor wrote in an email that “Port Covington does not qualify” for the coveted tax breaks. The Port Covington tract, which includes a gentrified corner of South Baltimore north of the largely empty peninsula, was too wealthy to be an opportunity zone. There is a second provision of the law for wealthier tracts: A tract can qualify if it is adjacent to a low-income area. But Port Covington failed that test, too. Its median family income — nearly 160% of Maryland’s — exceeded the income cap even for that provision. Port Covington was out — unless the tract could somehow be considered low-income in its own right. On Feb. 5, the Port Covington development team arrived at the second floor of the statehouse in the opulent governor’s reception room to meet with top Hogan aides. The agenda for the meeting included opportunity zones, as well as transit and infrastructure issues. The developer’s team requested that the Port Covington tract be made an opportunity zone. The state officials “acknowledged their interest in receiving that designation,” a Hogan administration official said. Bank Error in Your Favor Three days after that meeting, Plank and the Port Covington developers got bad news. The Treasury Department released a list of census tracts across the country that were sufficiently poor to be included in the program. Port Covington was not included in that list. Three weeks later, however, things turned around. The Treasury Department issued a revised list. The agency said it had left out some tracts in error. The revised list included 168 new areas across the country defined by the agency as “low-income communities.” This time, Port Covington made the cut. It couldn’t have qualified because its residents were poor. It couldn’t qualify because it was next to some place that was poor. But the tract could qualify under yet another provision of the law. Some tracts could make the cut if they had fewer than 2,000 people and if they were “within” what’s known as an empowerment zone. That was a Clinton-era redevelopment initiative also aimed at low-income areas. Port Covington wasn’t actually within an empowerment zone, but it is next to one. So how did it qualify? The area met the definition of “within” because the digital map files the Treasury Department used showed that Port Covington overlapped with a neighboring tract that was designated an empowerment zone, Treasury officials told ProPublica. That overlap: the sliver of parking lot beneath I-395. That piece of the lot is about one one-thousandth of a square mile. (ProPublica) (ProPublica) There are no regulations or guidance on how to interpret the tax law’s use of “within,” said a spokesman for the Treasury Department’s Community Development Financial Institutions Fund, which compiled the maps. The agency made what it called a “technical decision” that any partial overlap with an Empowerment Zone would count as being “within” that zone — no matter how small the area, or if anyone lived there. Or, if the overlap was even real. Turns out, no part of Port Covington actually overlapped with the empowerment zone. Treasury’s decision ignored a well-known problem in geographic analysis known as misalignment, mapping experts said. Misalignment happens when the lines on digital maps made by two sources differ slightly about where things like roads and buildings lie, according to Henry Luan, a professor of geography at the University of Oregon. For example, if a tract ends at a highway, one file might show the border on the near side of the highway while another — when zoomed all the way in — might show it a few feet away on the far side. When laid on top of each other, the two files end up with minuscule differences that don’t mean anything in the real world. Except in this case, it had big real world consequences for Port Covington. The mapping error allowed the entire tract to qualify as an opportunity zone. “That area of overlap is a complete artifact of” the map files Treasury used, said David Van Riper, director of spatial analysis at the Minnesota Population Center. “It’s not an actual overlap.” Sometime in the mid-2000s, the Census Bureau used GPS devices to make its map files more accurately represent the country’s roads. One of the maps used by Treasury appeared to be based on the older, less accurate Census maps, Van Riper said. Even accepting Treasury’s misaligned maps, the entire Port Covington tract receives tax benefits, even though less than 0.3% of it overlaps with the neighboring tract. “Only a minimal overlap, but you make the whole Census tract benefit from the policy?” Luan said. “That doesn’t make sense to me.” Port Covington is one of just a handful of tracts in the country that ProPublica identified that qualified through similar flaws in Treasury’s process. Taking the Break There is no evidence that Plank or the Port Covington developers influenced the Treasury Department’s revision. But the lobbying of the governor before the Treasury change appears to have paid off. As they were lobbying, Baltimore officials were working out which parts of the city would benefit most from being opportunity zones. They petitioned the governor to pick 41 low-income city neighborhoods to get the tax break, all of them well below the program’s maximum income requirements. The city’s list remained largely intact when the governor made his selections in April. Hogan made just four changes, three of which qualified under the main criteria without the benefit of the mapping error. But the fourth didn’t: Port Covington. Plank’s team cheered the revision. The very thing that made Port Covington a poor candidate to be an opportunity zone — that it wasn’t a low-income area — could make it exceptionally attractive to investors. In January, they convened an opportunity zone conference at their Port Covington incubator called City Garage featuring state officials and executives from Goldman, Deloitte and other firms. “Port Covington kind of fits all the needs,” said Marc Weller, Plank’s partner, at the conference. “It has all the entitlements, and it has a financial partner in place as well. It’s probably the most premier piece of land in the United States that’s in an opportunity zone.” The opportunity zone program has restrictions intended to prevent already-planned developments from benefitting. But the Port Covington developers told Bloomberg that the firm will be able to reap the benefits of the tax break because it has found new investors. Among the potential new investors who might take advantage of the tax break are Plank’s own family, one of the developers told the Baltimore Business Journal. A Port Covington spokesman denied that Plank’s family members are potential investors. To get the maximum benefit, investments need to be made in 2019, though investments made through 2026 can take advantage of growth tax-free. Only a portion of the Port Covington project is expected to be underway by then. A Goldman spokesman said it is “likely” that the firm will take advantage of the opportunity zone benefits in Port Covington, adding that it has “made no firm decisions about how each component will be financed.”             Margaret Anadu, the head of Goldman’s Urban Investment Group and the lead on the Port Covington investment, recently said of the opportunity zone program: “These are the same neighborhoods that have been suffering since redline started decades and decades ago, pretty much eliminating private investment. … And so we simply have to reverse that. And the only way to reverse that is to start to bring that private capital back into these neighborhoods.” The Port Covington tract is just 4% black. For it to be included in the program, another community somewhere in Maryland had to be excluded. The ones that the city suggested that were excluded by the governor, for example, are 68% black and have a poverty rate three times higher than Port Covington’s. There is some evidence suggesting being named an opportunity zone has already been a boon for property owners. An analysis by Zillow found that sale price gains in opportunity zones significantly outpaced gains in eligible tracts that weren’t selected. Real Capital Analytics found that sales of developable sites in the zones rose 24% in the year after the law passed. Under Armour has said it’s still committed to building its new headquarters on the peninsula, but it’s not clear when that will happen. Still, other aspects of the once-stalled project finally started moving forward in recent months. After presenting plans for the first section inside the opportunity zone this winter, the project finally got underway on a rainy day in early May of this year. "The project is real,” Weller said at the kickoff event, which included Anadu, the Goldman Sachs executive, and city and state officials. “The project is starting. We're open for business."

The Opportunity Zone Expo Podcast
Jim Costello - Real Capital Analytics Provides Real Time Pricing Answers

The Opportunity Zone Expo Podcast

Play Episode Listen Later May 6, 2019 52:55


Jim Costello loves data and loves research. And he's got the mind of a scientist. He knows there are no easy answers to the hard problems that the Opportunity Zone program addresses. But his company - Real Capital Analytics - can help anyone involved in the OZ market make better, more informed decisions. Jim Costello is our guest on The OZExpo Podcast.Host: Jack HealdGuest: Jim Costello

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America's Commercial Real Estate Show
Retail - The Real Story

America's Commercial Real Estate Show

Play Episode Listen Later May 2, 2018 54:33


Join America's Commercial Real Estate Show as host Michael Bull and his guests from ICSC, Hines, Real Capital Analytics and Hartman Simons discuss the real story of the retail sector of commercial real estate. They discuss retail cap rate trends, investing, deal volume, pricing, mall REITS, mixed-use trends, tenant success tips, retail operator issues, building relationships, lender trends, retail law trends, and ICSC RECon 2018 convention.

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America's Commercial Real Estate Show
Cycle & Interest Rates Impact on Retail Real Estate

America's Commercial Real Estate Show

Play Episode Listen Later Nov 13, 2017 8:36


Jim Costello, Senior Vice President at Real Capital Analytics, joins host Michael Bull on America's Commercial Real Estate Show to discuss where we are in the cycle of retail real estate, tax reform impacts on retail, rising interest rates and cap rates.

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America's Commercial Real Estate Show
Medical Office Cap Rate Trends

America's Commercial Real Estate Show

Play Episode Listen Later Nov 10, 2017 8:47


Jim Costello, Senior Vice President at Real Capital Analytics, joins host Michael Bull on America's Commercial Real Estate Show to discuss opportunities in medical, medical cap rate trends, and healthcare investment properties.

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America's Commercial Real Estate Show
Retail Property Cap Rates & Opportunities

America's Commercial Real Estate Show

Play Episode Listen Later Nov 9, 2017 9:02


Jim Costello, Senior Vice President at Real Capital Analytics, joins host Michael Bull on America's Commercial Real Estate Show to discuss opportunities in retail, retail cap rate trends, and lender sentiment.

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America's Commercial Real Estate Show
Boom, Bust, Or Bubble?

America's Commercial Real Estate Show

Play Episode Listen Later Jun 28, 2017 31:49


Jim Costello, Senior VP with Real Capital Analytics, joins Michael to discuss the current state of commercial real estate and our economic cycle.

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America's Commercial Real Estate Show
Office Market Update from RC Analytics

America's Commercial Real Estate Show

Play Episode Listen Later May 22, 2017 10:37


Jim Costello with Real Capital Analytics joins Michael to discuss the office markets, including performance, cap rates, and a forecast.For more information contact Michael Bull, CCIM 404-876-1640 x 101Appreciate the video? The best thank you is to check out our sponsors. See if they might be of value to you, or your referrals. http://commercialrealestateshow.com/c...Don’t miss a show of special interest to you, subscribe to our weekly show topic email notification. You’ll know who’s on the show and what it’s about.http://bit.ly/2gfoKSNYou’re invited to subscribe to the show’s YouTube channel.http://www.youtube.com/subscription_c...For more videos, podcasts, and articles, visit http://www.CREshow.com

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LendIt Rewind
Real Estate Data & Technology

LendIt Rewind

Play Episode Listen Later Jul 23, 2015 23:14


Real Estate Data & Technology panel with Michael Mandel, Co-Founder & CEO of Compstak; Marc Siden, Co-Founder & CEO of OnBoard Informatics; Perry Rahbar, Co-Founder & CEO of DV01; Jim Costello, Senior Vice President of Real Capital Analytics; Rob Refkin, Founder & CEO of Compass; and moderator Ben Thypin, Managing Partner of Progress Group.

America's Commercial Real Estate Show
Retail Leasing and Investment Sales 2014

America's Commercial Real Estate Show

Play Episode Listen Later Jan 22, 2014 37:59


Retail Leasing and Investment Sales 2014Original Air Date: January 23, 2014Dan Fasulo with Real Capital Analytics shares an analysis of 2013 retail investment sales and shares his predictions for 2014. Mez Birdie, CCIM, CPM with NAI Realvest discusses leasing strategies for landlords with Michael. John Harrison with the National Retail Group at Bull Realty has an open discussion with Michael on best practices when selling retail properties.If you have any questions or comments for the host or guests about this topic, or if you would like to discuss any real estate related endeavors, you're invited to contact us at 888-612-SHOW or by e-mail or twitter.  Show Host   Michael Bull, CCIM888-612-SHOW Michael@CREshow.com Founder Bull Realty, Inc. 800-408-2855 x 2001Michael@BullRealty.comMichael on TwitterMichael on LinkedIn

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Baruch Community
Pulling Off A Successful Inside Job: How an Integrated Approach to Creating Sustainable Interiors Can Cut Costs (Part 2)

Baruch Community

Play Episode Listen Later Aug 31, 2012 89:41


A panel of leading practitioners in the field of sustainable interior design discuss sustainability in an uncertain economy. The event is presented by the Steven L. Newman Real Estate Institute at Baruch College and takes place on November 13, 2008 at the William and Anita Newman Conference Center. [Part I: 96 min.] The event is introduced by Jack S. Nyman, Director of the Steven L. Newman Real Estate Institute. Speakers include Frank J. Sciame, Chairman and CEO of F Sciame Construction Co., Inc; Russell Unger, Executive Director of the US Green Building Council New York Chapter; Peter Slatin, Associate Publisher/ Editorial Director, Real Capital Analytics; Guy Geier, Senior Partner at FXFOWLE Architects, LLP; Nicole O'Hagen, Account Executive at Structure Tone; Dale E. Peterson, Pricipal at Mancini Duffy Architecture and Design; Brian Tolman, Managing Principal at STUDIOS Architecture [Part II: 90 min.] Alice Cook, Director of Sustainability at Time Equities, Inc.; Karin Giefer, Senior Sustainability COnsultant at Arup Engineering; Robert O. Gibson, Partner at AKF Group LLC; Peter Syrett, Associate Principal at Perkins + Will.

Baruch Community
Pulling Off A Successful Inside Job: How an Integrated Approach to Creating Sustainable Interiors Can Cut Costs (Part 1)

Baruch Community

Play Episode Listen Later Aug 31, 2012 95:29


A panel of leading practitioners in the field of sustainable interior design discuss sustainability in an uncertain economy. The event is presented by the Steven L. Newman Real Estate Institute at Baruch College and takes place on November 13, 2008 at the William and Anita Newman Conference Center. [Part I: 96 min.] The event is introduced by Jack S. Nyman, Director of the Steven L. Newman Real Estate Institute. Speakers include Frank J. Sciame, Chairman and CEO of F Sciame Construction Co., Inc; Russell Unger, Executive Director of the US Green Building Council New York Chapter; Peter Slatin, Associate Publisher/ Editorial Director, Real Capital Analytics; Guy Geier, Senior Partner at FXFOWLE Architects, LLP; Nicole O'Hagen, Account Executive at Structure Tone; Dale E. Peterson, Pricipal at Mancini Duffy Architecture and Design; Brian Tolman, Managing Principal at STUDIOS Architecture [Part II: 90 min.] Alice Cook, Director of Sustainability at Time Equities, Inc.; Karin Giefer, Senior Sustainability COnsultant at Arup Engineering; Robert O. Gibson, Partner at AKF Group LLC; Peter Syrett, Associate Principal at Perkins + Will.

Baruch Community
Pulling Off A Successful Inside Job: How an Integrated Approach to Creating Sustainable Interiors Can Cut Costs (Part 1)

Baruch Community

Play Episode Listen Later Aug 30, 2012 95:29


A panel of leading practitioners in the field of sustainable interior design discuss sustainability in an uncertain economy. The event is presented by the Steven L. Newman Real Estate Institute at Baruch College and takes place on November 13, 2008 at the William and Anita Newman Conference Center. [Part I: 96 min.] The event is introduced by Jack S. Nyman, Director of the Steven L. Newman Real Estate Institute. Speakers include Frank J. Sciame, Chairman and CEO of F Sciame Construction Co., Inc; Russell Unger, Executive Director of the US Green Building Council New York Chapter; Peter Slatin, Associate Publisher/ Editorial Director, Real Capital Analytics; Guy Geier, Senior Partner at FXFOWLE Architects, LLP; Nicole O'Hagen, Account Executive at Structure Tone; Dale E. Peterson, Pricipal at Mancini Duffy Architecture and Design; Brian Tolman, Managing Principal at STUDIOS Architecture [Part II: 90 min.] Alice Cook, Director of Sustainability at Time Equities, Inc.; Karin Giefer, Senior Sustainability COnsultant at Arup Engineering; Robert O. Gibson, Partner at AKF Group LLC; Peter Syrett, Associate Principal at Perkins + Will.

Baruch Community
Pulling Off A Successful Inside Job: How an Integrated Approach to Creating Sustainable Interiors Can Cut Costs (Part 2)

Baruch Community

Play Episode Listen Later Aug 30, 2012 89:41


A panel of leading practitioners in the field of sustainable interior design discuss sustainability in an uncertain economy. The event is presented by the Steven L. Newman Real Estate Institute at Baruch College and takes place on November 13, 2008 at the William and Anita Newman Conference Center. [Part I: 96 min.] The event is introduced by Jack S. Nyman, Director of the Steven L. Newman Real Estate Institute. Speakers include Frank J. Sciame, Chairman and CEO of F Sciame Construction Co., Inc; Russell Unger, Executive Director of the US Green Building Council New York Chapter; Peter Slatin, Associate Publisher/ Editorial Director, Real Capital Analytics; Guy Geier, Senior Partner at FXFOWLE Architects, LLP; Nicole O'Hagen, Account Executive at Structure Tone; Dale E. Peterson, Pricipal at Mancini Duffy Architecture and Design; Brian Tolman, Managing Principal at STUDIOS Architecture [Part II: 90 min.] Alice Cook, Director of Sustainability at Time Equities, Inc.; Karin Giefer, Senior Sustainability COnsultant at Arup Engineering; Robert O. Gibson, Partner at AKF Group LLC; Peter Syrett, Associate Principal at Perkins + Will.