Savills Gobbles Eastdil & Ray Washburne's Second Helpings
About this episode
The episode discusses Savills' acquisition of Eastdil Secured and features insights on Ray Washburne's plans for a convention center in Dallas.
This week, we dive deep into the M&A deal that's all anyone in institutional CRE can talk about. Savills – yes Savills! – is buying Eastdil Secured for $1.1B. That gives the Brits some serious capital-markets firepower stateside, but the devil lies in the details of the golden handcuffs. Next, we strap on our Lucchese boots and head to Dallas , where legendary dealmaker Ray Washburne has grand plans for a convention center. We discuss his HoF deal for Highland Park Village and how he's part of a dying breed of CRE cowboy we’re obsessed with. Plus, our "Punch List" rundown of the newsiest industry happenings: JPM marking down private-credit portfolios; BTR neutering bill passes Senate; chaos at US Attorney's office hampers mortgage-fraud investigations; and Ben Ashkenazy's big LA deal. Sponsors: 1) This episode is supported by Bravo Capital , a leading HUD and bridge lender. See how their precision underwriting means quicker approvals and higher proceeds for sponsors by visiting bravocapital.com 2) This episode is supported by LoanBoss , the industry-leading debt management software. Featuring one-click covenant testing, instant cash flow forecasting, and our favorite nerdy…
Sponsors
Bravo Capital, LoanBoss
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