Author: akaramon

The Shift to Non-Gateway Markets

In this time of unprecedented change caused by COVID-19, the commercial real estate industry has emerged with both “winners” and “losers” as sectors rush to adapt to reactive preference changes. Slow-moving trends and ideas that have long been speculated in the estate industry are suddenly coming to light with the instability of the market. In the months that have followed the spread of this global pandemic, we have experienced detrimental economic disruption – cities once deemed the most successful,...

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Women and Diversity in Real Estate, Mobility, and Technology

On August 8, 2020, we hosted our bi-monthly Real Estate Leadership Group (RELG) conference. We always strive to make the meetings informational and relevant to what is going on in the world of real estate, mobility, and technology, but this particular meeting was a vitally important and unique conversation. We focused on women and diversity in the real estate and technology industries. Our group regularly hosts some of the top women in the aforementioned industries, thus having them share their...

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Commercial Office Space

Commercial office space in New York (and elsewhere) continues to be hurt by people not returning to work, as people get used to working from home and they seek and relish safety. While some see technology as a bane to real estate (e.g. videoconferencing in place of meetings), technology will be an enabler of bringing employees back to the office. Tools such as touchless parking/autonomous valet, healthcare access, tenant monitoring, flexible hours, and fostering individual modes of transit...

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Real Estate Leadership Group 6-26-20

On June 26th, we had another installment of our Real Estate Group, where leading developers, architects, technology companies, and others talk about the future of real estate, architecture, urban planning, and technology. Three top developers and architects – The Related Companies, Gensler, and Perkins&Will, presented ideas and projects that are transforming the meaning of community. They focused on how we can enhance, repurpose, and bring to life to communities and the people who...

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Leadership Group

The future is looking increasingly complicated for landlords, developers, architects, employers, and employees.  We need innovative thought leaders working together to determine what the future of “work” will look like, and that is exactly what Mark Arizmendi of Northwestern Capital Partners, Dylan Jones of Gensler, and Compie Newman of CBRE have set out to do.  Semi-monthly, they convene a group of like-minded and accomplished professionals who are working together to help create what...

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Bond Spreads

Bond spreads are an important indicator of risk assessment.  We typically like to assess the spreads between rated corporate debt and the 10-year rate. With the risk-free rate (the 10-year coupon) already at rock bottom, and the market-risk spreads (the difference between the risk-free rate and the nominal rate of interest on bonds) historically low, this was driving the cost of debt capital to record lows.  When the coronavirus hit, the spreads jumped dramatically, by about 200...

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Coronavirus

The coronavirus is a black swan event but is pointing out several fundamental economic issues. First, even with the recent market selloff, the market is trading at historically high multiples. Second, the Fed is out of weapons – the Federal Funds rate is 1.75, the ten year is 0.52% – rates are rock bottom, and going lower won’t juice the economy. Monetary policy will have to give way to fiscal stimulus. Third, I believe we will see a widening spread between corporate debt...

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The Business Mountain

The journey to success can be long, arduous, and tough, but ultimately rewarding. Business can be like climbing a mountain – the view from the bottom – starting a project or a business – can be daunting. The last leg to the top may be the hardest part, as most of the long climbing is done, but as you get closer to the top, it’s steeper – competition is fierce. But, the view from the summit is always worth the work. The goal of Northwestern Capital is to provide...

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Start-Up Advice from Our CEO

Over the summer, at the Ferris Wheel in Flint, Michigan, our founder and CEO, Mark Arizmendi, had the opportunity to speak to a group of entrepreneurs that were going through the XLerate Health accelerator program. Michigan, like many areas outside of Silicon Valley, is thriving with entrepreneurship and vital new ideas.  The “Rise of the Rest” lives in Michigan, and NCP has been investing in the Midwest for over 15 years. Mark shared what he has seen work successfully in the last seventeen...

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XLerateHealth adds to Flint’s Entrepreneurial Spirit

Driving into downtown Flint, MI, it immediately becomes apparent that this is a city that is making a big comeback. Seriously, this city is hopping; it took us fifteen minutes to find parking, and the number of people walking around is similar to what you would see in any vibrant city’s downtown area. The NCP team was in town to celebrate the opening of XLerateHealth at the Ferris Wheel. Our CEO, Mark Arizmendi, spoke to a group of entrepreneurs who are starting the XLerateHealth twelve-week...

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