Greenfield Advisors Attends Iraq Reconstruction Conference 2016

March through May has been a busy few months for Greenfield. A Greenfield Business Delegation has been established to serve the Middle East and North Africa (MENA) Region. The Delegation consists of Economists, Investors, Consultants, Analysts and Brokers. The task started at the World Bank Headquarters in Washington D.C. […]

Investing in Innovation – The King Hussein Business Park

A Greenfield Business Delegation had the opportunity to engage in the Middle East and North Africa (MENA) region in efforts to expand operations abroad. These endeavors have taken Greenfield to Jordan, to attend the Conference and Exhibition on the Reconstruction/Investment of Iraq 2016. In this first blog post, I […]

Jordan: A Growing Economy Welcoming Foreign Investors

During a busy week in March, Dr. Clifford Lipscomb and I attended a World Bank Conference and several strategic meetings, including brief meetings with U.S. Senator Maria Cantwell and Her Excellency, Ambassador of the Hashemite Kingdom of Jordan, Dr. Alia Bouran. In this post, I’d like to discuss what […]

Weekly News Roundup for April 1, 2016

These are some of the stories we’ve been following this week.

The U.S. economy slowed in the last quarter of 2015 as corporate profits and inventory investments declined, but increased consumer spending helped lessen the blow.

Investors have filed a class action lawsuit alleging that Wells Fargo ignored issues with problem […]

The Marketplace for Pharmaceutical, Medical Device, and Diagnostic Royalties

Without a doubt, one of the fastest growing private equity markets in the last decade has been the market for healthcare product royalties—royalties derived from the end sale of pharmaceuticals, medical devices (also known as medical technologies), and diagnostics. I’ve written previously about how these royalties are valued, and […]

Weekly News Roundup for March 25, 2016

These are some of the stories we’ve been following this week.

Commercial property sales dropped sharply in February. Economic uncertainty and volatile financial markets may have weakened demand, and prices have started to drop in some sectors.

Foreign investors have been putting a lot of money into buying U.S. real estate. […]

EB-5 Debate Continues as Application Backlog Builds

Late last year, Congress was working furiously to prepare a budget that would avoid a government shutdown. As legislators debated and worked, time was running out for the popular EB-5 Immigrant Investor Program, which would expire in December 2015 if Congress did not renew it.

The EB-5 program was under […]

2016 Real Estate Capital Markets Conference Recap

I recently had the pleasure of attending the 10th annual Goodwin Procter Real Estate Capital Markets Conference, held January 29 at the Waldorf Astoria Hotel in New York City. The half-day program featured an investment banker, two panels, and a leading economist presenting their views of current trends in […]

Weekly News Roundup for October 23, 2015

These are some of the stories we’ve been following this week.

Global investment in commercial real estate reached $407 billion in the first half of 2015, its highest level since 2007. New York City accounted for almost 10% ($40.1 billion) of that global investment, followed by London ($19.4 billion) and Los Angeles ($19.3 billion).

The Blackstone […]

Weekly News Roundup for October 16, 2015

These are some of the stories we’ve been following this week.

Private equity firm Blackstone Group LP recently announced that it would pay $8 billion to acquire Biomed Realty Trust in one of the largest real estate investment trust (REIT) privatizations planned so far this year.

The House passed a bill 261-159 […]

Weekly News Roundup for October 9, 2015

These are some of the stories we’ve been following this week.

The Los Angeles Unified School District is turning excess or underutilized land into affordable housing for low-income district employees.

Property values in Detroit are on the rise, thanks to the city’s work to demolish blighted buildings that are near single-family […]

EB-5 Immigrant Investor Program Reauthorized until December

Amid all the discussion in Congress last month about a spending bill, the fate of the EB-5 Immigrant Investor Program was lost among the debates. However, talk of the future of EB-5 visas has included discussion on raising the amount of money needed to invest as well adding oversight […]

Weekly News Roundup for September 25, 2015

These are some of the stories we’ve been following this week.

As Congress debates reauthorizing the EB-5 immigrant investor visa program, here is a look at the program from the perspective of Indian investors.

The City of Oakland, California has sued Wells Fargo over predatory lending practices. The suit alleges that […]

Weekly News Roundup for September 18, 2015

These are some of the stories we’ve been following this week.

Evaluating schools and teachers with “value-added” measures and publicly releasing the results doesn’t affect the property values of nearby homes, according to a new study published in the Journal of Urban Economics.

The Ferguson Commission released its report commissioned by […]

Weekly News Roundup for September 11, 2015

These are some of the stories we’ve been following this week.

A new Federal Housing Administration (FHA) Single Family Housing Policy Handbook (HUD Handbook 4000.1) takes effect on September 14. FHA will be hosting a number of trainings and webinars to help lenders, appraisers, and borrowers understand policy changes and […]

EB-5 Program Brings Jobs and Investments, Awaits Renewal

EB-5 Immigrant Investor visas are a hot topic for Congress this month, as the program needs to be reauthorized by September 30 to continue. The foreign investment program has been popular since it began in 1990, allowing businesspeople from other countries to gain visas into the United States as […]

REITs: The Past, Present, and Future, Part 2

In Part 1, we looked back at some of the changes and trends we’ve seen in the REIT industry, including more specialization, expansion into new types of real estate assets, and creation of REIT spinoffs for tax benefits. In today’s post, we’ll continue to discuss REIT trends we’ve noticed, […]

REITs: The Past, Present, and Future, Part 1

We’ve been seeing some interesting activity in real estate investment trusts (REITs) lately, so in today’s post, we’d like to offer an overview of recent trends and changes in the REIT industry and suggest sources of further information if you’d like to learn more.

The U.S. Congress created REITs in […]

From Bitcoins to Cryptobonds to Blockchain Title Records… What’s Next?

Overstock.com CEO Patrick Byrne created quite a stir in the financial world when he announced his intention to sell uncertificated digital securities on a decentralized alternative trading system using the same technology used to trade Bitcoin digital currency. It certainly wasn’t the first time the maverick has been in […]

Weekly News Roundup for June 26, 2015

These are some of the stories we’ve been following this week.

Bi-partisan bills have been introduced in both the U.S. House and Senate to renew and reform the EB-5 immigrant investor visa program currently set to expire in September.

Commercial trophy property owners in Europe are looking to Chinese buyers, thanks […]

Weekly News Roundup for June 19, 2015

These are some of the stories we’ve been following this week.

The City Council of Denton, Texas voted to repeal its ban on hydraulic fracturing after the state legislature passed a bill prohibiting fracking bans by local governments. The repeal is seen as a strategic move to reduce court costs […]

Weekly News Roundup for May 22, 2015

Here are some of the stories we have been following this week.

The pipeline operator behind the recent Santa Barbara oil spill has a history of safety violations.

Five big banks pleaded guilty and will pay $5.4 billion for rigging currencies by manipulating global foreign-exchange markets.

The Supreme Court vacated a ruling […]

RICS Summit of the Americas 2015, Part 3

I have written previously about attending the 2015 RICS Summit of the Americas. My last post focused on California’s property tax laws, although it also addressed how events in California might affect other taxing jurisdictions in the United States. Now we turn from the local to the global—today’s focus […]

Crowdfunding Update – SEC Approves Regulation A+ Final Rules

It’s been a little over 3 years since President Obama signed the Jumpstart Our Business Startups (JOBS) Act of 2012 into law, enabling more businesses to utilize crowdfunding to raise capital and gauge market interest. As we’ve noted before, while there has been dramatic growth in the number of […]

Cayman Alternative Investment Summit, Part Deux

Earlier this week, my first post from the Cayman Alternative Investment Summit discussed the first morning’s events. In this post, I’ll discuss some of the events from the end of day one as well as all of the big talks during day two.

Al Pacino (yes, the star of Scarface, […]

Cayman Alternative Investment Summit

I had the opportunity to attend the Cayman Alternative Investment Summit on February 12–13, 2015, at the Ritz-Carlton Hotel on Grand Cayman, Cayman Islands. The audience included venture capital fund managers, economists, investment managers, transactions attorneys, and others. In this post, I’ll recap the first morning’s events, which focused […]

Real Estate Capital Markets Conference Recap

The real estate conferences for the year have kicked off. I started the year off by attending the Goodwin Proctor Real Estate Capital Markets Conference held at the beautiful Waldorf Astoria Hotel in New York City on January 30.

The first session was on real estate fundamentals and included panelists […]

Crowdfunding Real Estate

As we’ve discussed previously, crowdfunding is rapidly expanding around the world and across multiple markets. Hundreds of crowdfunding platforms are now operating across Europe, North America, South America, the Middle East, Africa, Asia, and Oceania. While our previous post outlined how crowdfunding developed as an alternative to obtaining funding […]

Crowdfunding Offers Alternative to Bank Loans and Angel Investors

Most people have probably heard of crowdfunding by now—the practice of funding a project by collecting small amounts of money from a large number of people, usually via the Internet. Sites such as ArtistShare (launched in 2003), Indiegogo (founded in 2008), Kickstarter (founded in 2009), and Gofundme (founded in […]

Bowie Bonds and Other Intellectual Property Rights Securitizations

Could David Bowie have caused the last recession? Some of you may recall that this notion was bandied about in early 2009. It’s an idea as fantastic as the performer himself, but we thought it might be fun to discuss Bowie Bonds and some of the other things you […]

SEC Approves Rule Changes to Help Investors in Nontraded REITs

In January 2014, the Financial Industry Regulatory Authority (FINRA) proposed revised rules regarding disclosures and valuations of unlisted real estate investment trust (REIT) and direct-participation program (DPP) securities. On October 10, the Securities and Exchange Commission (SEC) approved the revised rules, which are expected to increase the accuracy and […]

PREA Institutional Investor Real Estate Conference

Last week I had the opportunity to attend the Pension Real Estate Association (PREA) 24th Annual Institutional Investor Real Estate Conference in Century City (Los Angeles), California. The conference focused on the macroeconomic factors that drive real estate investment decisions. Martin Wolf, Chief Economics Commentator with the Financial Times, […]

Real Estate Trends Dominate MIPIM Conference

The global battle for assets, placemaking, and demographic shifts are expected to be the big trends we see in 2014, and all three were front and center at the 25th annual MIPIM conference at the Palais des Festivals in Cannes, France. The four-day event held in March was attended by 21,000 […]

An Introduction to Trophy Property

Whether or not you’ve heard of the term “trophy property” before, an educated guess about its meaning will likely land you in the ballpark. Interestingly, trophy property is a relatively new designation. Prior to 2002, there was no definition provided in The Dictionary of Real Estate Appraisal, The Appraisal of Real […]

The Economics of Taxi Medallions

Last October I was riding in the back of a taxi in Chicago. I asked the driver about the price he paid for his taxi medallion. (A taxi medallion is the license that allows drivers to operate a taxi.) He said he didn’t know because he was driving for […]

Corporate Investment—Much ado about… something

I can’t believe it’s been a month since I posted—I’ve been traveling almost constantly the past few weeks, and between that and the elections, my dance card has been fairly full.
The trigger for today’s post was a recent article in The Wall Street Journal, “Investment Falls off a Cliff,”[1] with obvious homage […]

EB-5 Immigrant Investor Visa Program

The Employment-Based Immigration Program is one of the United States’ citizenship and immigration services administered by the U.S. Department of Homeland Security. EB-1 through EB-4 each provide a method for foreign workers, with particular skills and education, to obtain permanent work visas in the United States. EB-5, created in […]