"Autumn is a second spring when every leaf's a flower."

Albert Camus

Marketplace Reflections: Issue 109

ANNOUNCEMENTS

OPPORTUNITIES

298 S Development Partner

A prestigious national developer is expanding their Southeastern presence with the addition of a Central Florida Partner. This individual will enjoy full P&L responsibility for this growing operation, coupled with a significant equity ownership in office, industrial and retail development, as well as value add investment opportunities.

302 JL VP Capital Markets

Our client is expanding their presence into the San Francisco market. They invest in development projects nationally, providing real estate investment programs to individuals desiring to diversify their assets. Property types include office buildings, shopping centers, multi-family, and hotels. The successful candidate will present investment opportunities and raise equity through high net worth individuals and financial planners/wealth managers. A good understanding of the capital markets and a successful background in sales and business development is what our client is looking for.

303 JL Director of Acquisitions

Our client invests as an equity partner in new development projects and/or existing value add investments. The company is not limited by location or property type, providing an opportunity for its investors to benefit from a diversified portfolio. The new Director will be responsible for the Western region, actively soliciting appropriate investment opportunities through brokerage and ownership channels. This person will develop and maintain high quality relationships with investment/development company partners.

304 MS Marketing Director

Our client has formed a new division to develop large, urban infill projects. The new Director will track and analyze economic, demographic and real estate market data to identify trends and draw supportable conclusions that guide investment strategies and decisions.

305 MS Senior Analyst

Are you looking for the next great opportunity to grow your career? Our client can help you get there. Join a developer who will allow you to be responsible for all proforma development and budget creation. The maintenance and updating of financial documentation will be an ongoing responsibility as construction, design and development generate the need for continued documentation.

MEETINGS

ICSC 2007 Southeast Conference
October 22–24, 2007
Georgia World Congress Center, Atlanta
For more information, please visit: http://www.icsc.org

Article

Jeff Thredgold’s recent newsletter article, 14 Plus, discussing the condition of the economy, is very enlightening. He speaks on the state of the stock market, especially relating to the service sector, employment rates, and provides projections for 2007. The entire article can be found at http://www.thredgold.com/html/leaf.html

Here are a few excerpts from his article:

Global Anxiety
An expanded concern about credit and lending risk in all its variations spread around the world in August, leading many investment products to trade erratically, if at all. Numerous investors at that time saw rising global credit risk anxiety as a reason to “shoot first and ask questions later”…i.e. to dump stocks as a precaution against the credit risk issue expanding further, and stock prices possibly getting hit harder…those panic sellers did not fare well. The impressive rebound of stock prices both domestically and globally of recent weeks is the market again saying that while the broader credit risk issue is serious, and very damaging to people and institutions directly involved, life does go on, and the broad economy will handle this shock.

Bank Losses
The Dow rose nearly 192 points on Monday [October 1st] even as Citigroup, the largest U.S.-based bank and UBS, Europe’s largest bank, announced nearly $10 billion in loan and investment write-downs or charge-offs tied to recent credit risk issue.
…stock prices of both companies actually moved higher as stock market players noted the banks’ ability to put their problems largely behind them and move forward.
Stock prices also moved higher on Monday [October 1st] as the fourth quarter began. Stocks have traditionally performed well in the October-December period, with gains in the S&P 500 during 11 of the past 12 years.

Outlook
Thredgold predicts that stock prices will climb in the coming years, here are some of his reasons…
1) Billions of dollars that chased real estate in recent years will flow to the stock market. Such aggressive investment funds will find the stock market the place to be as real estate values move, on average, sideways for awhile.
2) A rising recognition by Baby Boomers has emerged that additional savings and investment funds will be needed for our Golden Years, with many of these funds flowing to stocks. Also, younger workers are recognizing more and more that they need to save aggressively for their own future needs.
3) Corporate profits are at record levels, helping to justify current and higher stock values. A weaker dollar has led to strong profit growth for American companies with global operations.
4) The global economy is very, very strong, leading to rising American exports to the world, and strong purchases of U.S. assets by foreign nationals.

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