Description

In this episode of Commercial Real Estate Talk with Steve and Arnie, our hosts interview Marc Brutten, CEO of Brutten Global, headquartered in San Diego. Brutten Global owns: Westcore Properties, a major industrial owner and developer; Brixton Capital, which maintains a sizable portfolio of shopping centers and multifamily properties; and Airport Development Partners, an owner of regional airports in Europe. In this wide-ranging and very informative conversation, we discuss: The companies Brutten Global owns, their histories and current portfolios; Marc's background and how he got started in real estate, including his first real estate deals; The decision to move into other property sectors; Major projects he has accomplished as well as current projects and recent transactions; Any deals he regrets; How they find new projects or deals... is it through brokers?... and how they decide to greenlight a deal..is it ROI, ROE, IRR, CASH, Gut feel!!; How their deals are financed and and how they decide to exits deals; Details about the latest/current projects; The decision to expand to Europe; Biggest business challenges today; His outlook for the retail, multifamily and industrial sectors; His leadership philosophy; Advice for someone starting out in the CRE business today; Thoughts on the fire rebuilding; His past involvement with the New Jersey Nets and the Barclay Stadium development; His personal interests, which include Judo and Brazilian Jiu Jitsu. In fact, he holds black belts in both and was the 2012 World Masters Jiu Jitsu gold medalist; The several charities that the Brutten Family Foundation supports. Thank you Marc for the time and for sharing so much valuable and motivational information. Sponsored by: CHASE PARTNERS; COMMERCIAL REAL ESTATE INSPECTORS; and FIDELITY MORTGAGE LENDERS. To be a part of Commercial Real Estate Talk, please email Steve Bloom at sbloom@rentv.com or Arnie Garfinkel at arnie@allstargroup.com.