May 17
Four Silicon Valley commercial real estate brokers — Mark Regoli, Mike Field, Michael Webber and Andy Zighelboim — reveal what they’ve seen in the first quarter of this year, and what they see ahead for the rest of 2010 and into next year.
Mark Regoli
Partner, South Bay Development Co.
Q: What do you see in the market?
A: Leasing activity is returning to the low end of normal. We’ve had more leasing activity in the first quarter of 2010 than we did in the entire year of 2009.
Q: South Bay made some recent purchases in Milpitas. What signaled that it was time to get back in?
Tags: Commercial Real, Commercial Real Estate, Estate, Real Estate
May 17
The Bank of Nashville could be operating under its parent company’s Georgia state charter by the end of May, a move that calls into question how much control its locally based board of directors will have over lending.
Synovus Financial Corp., a bank holding company based in Columbus, Ga., announced in January regulatory filings to the U.S. Securities and Exchange Commission that it would reduce its number of bank charters in use from 30 to one by mid-2010. As part of that change, the board of Bank of Nashville — a Synovus bank since 2002 — could cede some of its legal responsibility over lending and operations to the parent company.
Banks often cite the influence of their boards as key to attracting local businesses and understanding their needs. Bank
Read more…
Tags: Control
May 17
The TNInvestco program — overwhelmingly approved by lawmakers last year — is now facing criticisms and a fight in the Tennessee General Assembly.
Three out of four firms that stand to benefit from a proposed $80 million expansion of the program, meanwhile, have stocked up on lobbyists to help push through a bill that also includes several modifications to the program.
Lawmakers, spurned investment managers and others have raised concerns such as the transparency of the program and the latitude that TNInvestco firms would be granted by House Bill 2927/Senate Bill 3049, which is in committee.
Larry Coleman, an investment manager who applied but wasn’t selected to participate in the program, said allowing investments in prior projects or out-of-state firms is a mistake, but neither of those provisions can be properly evaluated since the bill also makes program information private.
Tags: Tninvestco, Tninvestco Changes