Summit Notebook

Exclusive outtakes from industry leaders

Audio- Brittle China developers an opportunity for funds

David EdwardsLaSalle Investment Managers said its assets under management in Asia could double in the next three years and added it is considering investing in India for the first time. LaSalle Investment holds about $11 billion in Asia property assets under management, and plans to make $10 to $15 billion worth of deals in the next years.

Hear David Edwards, Regional Director speak about the opportunities in China as developers get squeezed by banks and his take on India.

Audio – AMP Capital on what’s hot in Japan

AMP Capital Investors said it was planning to boost its investments in Asia properties to A$16 billion ($15.3 billion) and will start by doubling the S$300 million ($220 million) in Singapore industrial assets it has already bought.

The investment unit of Australia’s top pension fund manager AMP Ltd is also looking to buy properties, or acquire businesses such as real estate investment trusts and developers, in markets including Japan and China.

Audio – Hope you like vanilla

vanilla.jpgPlain vanilla, in the box, straight financings are the future, or at least near future, of real estate deals, says Marathon Asset Managing Director Scott Schwartz.

“Either the Street kinda comes back and supplies leverage, or people have to get their returns without leverage. And right now we’re at a point where people have to get their returns without leverage. So that’s why there aren’t a lot of deals happening,” he said, speaking at the Reuters Global Real Estate Summit.

Audio – Bubbles are fun — for awhile

schwartz.jpgSure thing, kids LOVE the bubbles. The blowing, the running around, the popping.

All the things that gives real estate investors and developers fits.

Any simple search on “real estate” in a news story for the past two years would more than likely also mention the word “bubble”. In fact, a quick Google search of “real estate” and “bubble” turned up 998 news stories — in the past month!

Audio – The hits just keep on coming!

latham1.jpgSo much has already been said and written about the bursting of the U.S. real estate bubble, one might make the mistake of thinking that a widespread rebound is right around the corner.

Well, Scott Latham, executive vice president at Cushman & Wakefield, said on Monday that there are still some discouraging signs out there.

Audio – How bad? Bad.

todman1.jpgThe state of the U.S. economy has been much on the minds of all our guests at this year’s Reuters Consumer and Retail Summit.

Most of them tried to put on a brave face about the current state of play, but Whirlpool’s North America President, Michael Todman, gave what to us sounded like a pretty accurate assessment of how stretched the U. S. consumer seems and when he sees a turnaround.

Audio – Bad Times? Good Times.

schaye1.jpgJim Schaye comes across as a perfectly nice fellow, but if you happen to work for a retailer and you see him walking up and down your aisles, checking out your stuff … well, think about dusting off that resume.

Schaye is chief executive of Hudson Capital Partners, and he works with struggling or restructuring retailers if they have to start selling off stores and/or getting rid of inventory.

Audio – Coupon clipping out: Coupon clicking in

team_dusing.jpgThe days of going through the Sunday papers and clipping all the double coupons you can find might be coming to an end.

While there are those few people out there (and we know some of them!), who actually enjoy a good session of clipping, Brent Dusing, co-founder and chief executive of Cellfire Inc, likes to see his coupons on his cell phone.

Audio – Retail just like the old days … the REALLY old days!

storch1.jpgToys “R” Us Chief Executive Jerry Storch has expansion on his mind.

Storch, one of the featured guests at this year’s annual Reuters Consumer and Retail Summit, said on Tuesday he was trying to improve the mix and locations of its stores.

Adding new locations is a tricky proposition for any company, especially one that is so dependant on consumers having spare cash to buy discretionary goods like toys and games.

Reuters Summit-Broadening its horizons

Perry Ellis International Inc is looking at getting a good bit more “international” — as befitting its full name.

Speaking at the annual Reuters Consumer and Retail Summit – held this year in New York and London — executives at the clothier said the company was exploring its options in China and India as part of a larger growth strategy.