Former Grubb & Ellis Affiliate for Mobile, Alabama Joins NAI
Apr 25th
Mobile and Baldwin, ALABAMA • April 1, 2013 – NAI Global has announced that Grubb & Ellis | Peebles and Cameron has become NAI Peebles & Cameron as of April 1st. Peebles and Cameron join NAI Global as the leading full-service commercial real estate firm in Mobile and Baldwin, Alabama, and will now also represent one of the largest real estate services providers worldwide, NAI Global.
Jay Olshonsky, President of NAI Global, stated, “We are proud to be represented in Mobile and Baldwin, Alabama by NAI Peebles and Cameron. This fine firm has been recognized among commercial real estate groups for more than 10 years and is highly committed to client service and provides outstanding representation. Their team is set to deliver regional, national and international services to clients in need of this specialized service. NAI Peebles and Cameron is now connected to the world and we are pleased to have such a fine company representing us.”
“Peebles & Cameron was looking for a highly enterprise oriented, global platform that could serve the commercial and industrial communities of South Alabama as well as provide an instantly recognizable brand to the ever increasing number of European and Asian prospects seeking opportunities in this market,” said John Peebles, President of NAI Peebles and Cameron, “We look forward to leveraging these uniquely powerful resources for the benefit of our clients and customers.”
NAI Global Executive Vice President, David Blanchard, who engineered the new relationship stated, “We are pleased to align our commitment to superior service with NAI Peebles and Cameron in Mobile, Alabama. This progressive, client-driven firm stands out in its commitment to service to both customer and community. As a leading full-service commercial real estate firm, their local knowledge, coupled with the NAI global platform, will result in a more meaningful presence to service clients throughout the Greater Mobile marketplace and the world,” Blanchard added, “this team also brings real insight and skills to our NAI Gulf Coast Energy Coalition which is important to the overall region and its economy.”
NAI Peebles and Cameron aims to deliver the highest levels of skill, professionalism and market knowledge to their clients and customers in their market area.
About NAI Peebles and Cameron and NAI Global
Peebles and Cameron is one of the most sophisticated full-service commercial real estate firms along the central Gulf Coast. Founded in 2002 and headquartered in Mobile, NAI Peebles and Cameron provides a broad array of commercial real estate services, including brokerage, site selection, consulting, market feasibility studies, forecasting and tenant representation.
NAI Global is an international real estate services organization with the institutional strength of one of the world’s leading property investment companies. Our experts are strategic and innovative, working collaboratively to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble and responsive structure enabling us to efficiently deliver superior results.
Mauro Keller Sarmiento Promoted to Executive Managing Director, International Business
Apr 3rd
Mauro Keller Sarmiento was recently promoted to Executive Managing Director, International Business. In this role he is assuming oversight to all international business requirements and regions. NAI is committed to assuring capable and qualified Members around the globe that are managed to a reasonable set of expectations, performance measures and regional growth strategies. Mauro is uniquely qualified to lead this effort given his diverse and impressive background.
About Mauro Keller Sarmiento
Mauro has a Bachelors degree from Harvard College, and an MBA from Columbia Business School. As a son of an Argentine diplomat, he has travelled extensively, has lived and worked in various countries in Europe and the Americas, and speaks five languages fluently.
Mauro’s professional career has covered diverse international postings in investment banking, consultancy and management. His experience includes four years with JP Morgan in New York and Buenos Aires, three years with McKinsey &Co. in Spain, Italy and Portugal, and three years as manager of a business unit of oil-giant Repsol-YPF developing retail services throughout most of South America.
For the last 15 years Mauro has been active in corporate services and international Investments at NAI and C&W, one of the premier commercial real estate companies in Argentina, and a senior consultant to various private firms and investors active in South America and the Iberian Peninsula. Previously he spearheaded the international expansion efforts of the Insignia Group in both Europe and Latin America. His focus has been consulting and executing real estate transactions for leading corporations and investors.
Dr. Peter Linneman – 2013 Global Market Outlook: Asia
Mar 28th
“While it is easy to point to Asia as the growth center of the world, investors should remain wary of China. While it has shown incredible GDP growth over the last decade, this is fueled by excessive credit creation. Building empty cities and manipulating currencies does not constitute real growth. In time, the piper will need to be paid,” clarified Dr. Linneman at the Global Market Outlook in New York City.
On the economy of India, Linneman said it “continues to move forward based on long-term positive demographics. However, the political climate and corruption unearthed over the past two years have made it everyone’s favorite whipping child. The government has instituted a series of reform measures intended to attract foreign capital, and put forth a recent budget focused on controlling spending, loosening entitlements, and increasing taxes, with a view toward shrinking the country’s deficit.”
“Singaporean REITs were some of the globe’s best performing stocks in 2012, a trend that should continue in 2013,” stated Dr. Linneman, “Because the Singaporean government keeps tight restrictions on real estate development, there appears to be little risk of supply outstripping demand. Demand for office and industrial space should continue, while the prices of apartments will continue their current run of consecutive annual increase.”
As recent months passed, NAI Global welcomed three new member firms in Asia and is excited to be expanding. These new members include NAI Trinitty Partners (India), NAI Malaysia and NAI Tosei Japan.
Dr. Peter Linneman – 2013 Global Market Outlook: Latin America
Mar 28th
“In recent years, Brazil’s strong GDP growth rate has earned it a spot among the overly-hyped BRIC nations (along with Russia, India, and China) as a great place to invest,” said Dr. Linneman, “However, it is important to keep in mind that the BRIC economies are growing from a smaller base than the U.S.”
Dr. Linneman went on to explain that in 2010 and again in 2011, with the exception of Russia, the growth in US dollars exceeded that of all the BRIC countries. “But growth for the sake of growth is useless; the real reason a country grows is to improve the standard of living of its population,” Linneman explained, “From a purely economic perspective, where would a nationality-blind consumer (or investor) choose to live (invest)? Would this consumer choose Brazil, Russia, India, China, or the U.S.? If given the option, most choose America. At the end of the day, the U.S. is a better place to put dollars to work in spite of high BRIC growth rates.”
Dr. Peter Linneman – 2013 Global Market Outlook: Europe
Mar 27th
“While the Euro will not collapse in the near future, the currency and current state of policy remains unsustainable. Only when the euro meets its demise will the region show resilience,” explained Dr. Linneman at the Global Market Outlook in New York City, “Amid this uncertainty, real estate growth will remain sluggish (at best). Germany has recently seen a large run-up in property values attributable to an influx of both European and Asian investors seeking to park money in Europe.”
On real estate assets in Europe, Dr. Linneman remarks, “Currently, there is a lack of quality (institutional grade) real estate assets in Eastern Europe, presenting an opportunity for an investor or developer to enter the market. Over the next few years, we expect more capital to be invested in this region.”
