Pircher Attends CREFC Summit - West in Santa Monica
Partners Danny Guggenheim and Michael Scheinberg from Pircher, Nichols & Meeks LLP joined leading commercial real estate and finance professionals for two days of market insights and networking at this year’s CREFC Summit - West. The industry event hosted by the CRE Finance Council brought together individuals from all facets of commercial real estate for a high-level overview of the state of the industry, and provided an opportunity for attendees to discuss critical issues related to financing with a focus on the West Coast.
There seemed to be consensus among attendees that even though the market may be in the late stages of a cycle, real estate fundamentals remain strong--particularly in regard to the ratio of debt to equity at both a macro level with respect to outstanding loans and at a micro level for deals in the pipeline. Conversations surrounding C-PACE as a relatively new and inexpensive way to finance certain energy, water and resiliency improvements, as well as the impact of cannabis and related regulations on commercial real estate and local economies, helped round out the panel discussions.
For more information on the event, see CREFC’s website.