Distress, Receiverships & Land Sales - this week we are joined by Mike Czestochowski, Vice Chairman at CBRE to discuss his outlook for the land market in 2025.
Mike is the founder of CBRE's Land Services Group and has seen many CRE cycles in his 40+ years as a land broker. He is widely recognized as one of the top industry experts on development sites and has done some of Canada's largest land transactions.
In this episode we discuss:
• How does today’s downturn compare to previous cycles?
• How long until the high rise condo market comes back?
• What’s the key to getting receivership deals done in today’s market?
• DEAL DONE: Mike shares a recent complex receivership story
• Why receiverships are an important “reset” to the CRE cycle
• Is distress increasing or decreasing in 2025?
• What size of distressed sale is most common and where is it going?
• Why is land so difficult to value?
• Mike’s Team: the CBRE Land Services Group
• Mike’s Advice to Young Brokers
CONNECT WITH US
Mike on LinkedIn - https://www.linkedin.com/in/mike-czestochowski-4575b212/
Mike's Website - https://www.cbre.ca/people/mike-czestochowski
Manish on LinkedIn - https://www.linkedin.com/in/manishjain818/
CRE Debt & Equity Podcast - https://www.linkedin.com/company/cre-debt-equity-podcast/