When the economic effects of COVID-19 reached their peak in April, we held a webinar to discuss how the pandemic had affected the commercial real estate market. With the worst of the pandemic seemingly behind us, now is a good time assess how things have progressed from April’s lows — and what that means for the future of commercial real estate.
On Wednesday, October 28th at 12:30 PM ET, we held a webinar to revisit the state of the commercial real estate market. We were joined by two veterans of the commercial real estate industry who provided their insight and answered audience questions.
Specifically, we discussed:
- The impact that COVID-19 has had on the commercial real estate market
- How the pandemic has impacted lending rates
- How the commercial real estate market has changed in the past six months
- What trends are beginning to emerge in commercial real estate
ABOUT THE PRESENTER —BOB STONE
One of the original founding Partners at Telemus, Bob works with Telemus members to help them develop financial goals and investment strategies for the near- to long-term. Bob has more than 28 years of experience and has helped members across all life stages weather a variety of market situations.
Bob is a graduate of the University of Michigan. He currently sits on the Board of Directors of the Karmanos Cancer Institute in Detroit, Michigan and on the Board of Directors at the University of Michigan Hillel.
ABOUT THE PRESENTER —DENNIS BERNARD
Dennis Bernard is the founder and President of Bernard Financial Group (“BFG”) and Bernard Financial Servicing Group (“BFSG”). Founded in 1991, BFG has grown into the largest commercial mortgage banking firm in Michigan financing on average over $1 billion each year of Michigan Commercial Real Estate. Over the last 33 years, Dennis has specialized in both debt and equity placement with commercial lenders and institutional joint venture participants. Bernard Financial Group has also been involved in commercial mortgage servicing on construction and permanent loan portfolios.
Dennis holds a BA in Finance from Miami University, as well as an MBA in Finance and Strategic Planning from Case Western Reserve University.
ABOUT THE PRESENTER —MARK WOODS
Mark is the Chief Operating Officer of Signature Associates, a full-service commercial real estate firm. Mark has 30 years of management and corporate real estate experience—prior to joining Signature Associates in 2005, Mark served as the Managing Director of Cushman & Wakefield’s Detroit office, where he managed all brokerage, asset management, market research, capital markets and client solutions activities.
Mark holds a BA from the University of Michigan. He is a past President of the Commercial Board of Realtors (CBOR), and he is a member of the Board of Counsel Advisors for Michigan Economic Development (MEDC).