Archive for January, 2011

Cousins in Partnership with Watkins Retail Group

Cousins Properties, a longtime client of ACG professionals, is in a partnership with Watkins Retail Group to recapitalize project debt on four existing Retail Group projects.

Buckhead Trophy Offices Sell for $167M

In a possible sign of good things to come, Atlanta’s Buckhead Trophy Property located at 3344 Peachtree was sold for $167.25 million, or $346/sf.

This Week in Atlanta

Who: ULI Atlanta
What: “Meet the FDIC: What has changed in the past year and where are the future opportunities?”
Where: Two Alliance Center
3500 Lenox Road 30th Floor
Atlanta, GA 30326
When: Wednesday , January 26th 2011
7:30am- 9:30am

Who: NAIOP
What: “NAIOP January Meeting”
Where: InterContinental Buckhead
When: Thursday, Jan. 27th 2011
7:15-9am

Who: CORENET & CREW
What: “Economic Forecast for 2011 with Marci Rossell”
Where: 2800 Cobb Galleria Parkway Atlanta, GA
When: Thursday Jan. 27th 2011
11:30-1:30pm

Ever Wonder if a Week-Long Boot Camp was Worth the Investment: Part III

My ARGUS Boot Camp Experience (Part 3)
Every day we learned new concepts that built on what we had learned earlier in the course. I was impressed with myself when, on day two, I found myself building models without having to use a mouse. Probably my favorite parts of the course were the case studies. ACG gave us custom case study workbooks which reinforced the real world application of the software. Every day, we’d build models based on these case studies and each time we’d learn something new, like modeling complex reimbursables (which actually was covered in several case studies). Every time we did this, it reinforced what we had learned in previous cases, and they got more complex. By the end we were actually given a completed ARGUS model and told to find the flaws. This was a very gratifying exercise. I demonstrated that in a relatively small amount of time I had gained the skill set required to audit a model and understand where to look for errors and specifically what are the most common errors made.

As I’m sure it’s clear now, I had a great experience with the ARGUS Boot Camp. I would recommend it to anyone who wants to learn more about ARGUS, financial modeling or just real estate investment and management concepts.

Ever Wonder if a Week-Long Boot Camp was Worth the Investment: Part II

My ARGUS Boot Camp Experience (Part 2)
IMPORTANT NOTE: Prior to taking this course, I had ZERO ARGUS Experience. I knew it was an industry standard in property/portfolio evaluation but I had never had the opportunity to use it. That changed very quickly.

Boot Camp was an intense experience. The entire course focused on the practical use of the software. On day one we jumped right in by building models; learning how to create Rent Rolls, building Market Leasing Assumptions, adding Expenses and more. What added to the experience was the instructors’ focus on making sure we understood the principles behind the application. It made the course about more than just a financial modeling program; it was about understanding real estate investment fundamentals. For instance, the first day we learned how to model fixed and variable expenses while having a discussion on understanding this important difference. This instruction was reinforced with homework (yes, there was homework… but it was never overwhelming). The whole class and the instructors would come in the next morning and discuss the homework assignments together. They used it as an opportunity to make sure we understood the previous day’s concepts. The instructors structured curriculum and the time contributed to each topic around our classes needs.

Ever Wonder if a Week-Long Boot Camp was Worth the Investment: Part I

We recently received the following summary of the experience one of the participants had at our Boot Camp and wanted to share it with the rest of the world….

My ARGUS Boot Camp Experience (Part 1)
My week-long ARGUS Boot Camp concluded yesterday and I can’t believe how far I’ve come. There were major concerns the class wasn’t going to happen due to Snowmageddon 2011, which hit Sunday night. I was impressed how Todd quickly reached out to me (and apparently all of the other participants) to coordinate a start day/time that allowed for everyone to safely get to the class. My first observation upon arrival was the small class size, five people plus the instructors (Kristin and Todd). This seemed to be an intentional decision to ensure that everyone felt involved and received the attention they needed. It was hosted at the ACG training facility in Midtown, Atlanta. Every student had a workstation which included a collection of ACG custom training materials. Kristin was the lead instructor day one was and she was awesome. She knew ARGUS inside and out but her teaching approach focused less on the technical aspects of the program and more on its practical use. Her ability to take complex modeling approaches and break them down to easy to understand steps helped make the course a success.

Interesting Atlanta News

AIG Sells More Atlantic Station Assests to CBRE Investors
Firm Takes Over as Master Developer of 138-Acre Mixed Use Project

ACG Boot Camp Moves Forward

Although we were delayed for a little more than two days, we finally kicked off the Argus Boot Camp program Wednesday morning. We will be adding Saturday and Sunday classes in order to cover all of the material. This is truly the first “Boot Camp” experience we have had with some participants traveling more than 90 minutes to get to our offices for this class. Now that’s commitment!

Stay posted for our March 7-11 Boot Camp program (4 seats remain) and our special end of May program (dates TBD) designed specifically to accommodate people who are finished with school (MBA and non MBA) and who want an intense Argus training program before they start their summer jobs.

Upcoming Local Atlanta Events

I thought that you would want to know about the following upcoming events, especially for network purposes.

CREW Atlanta – January Luncheon
Speaker: Marci Rossell
CREW Atlanta and CoreNet Global, Chapter President
January 13, 12 pm – 1:30 pm
Cobb Energy Performing Arts Centre
Galleria Parkway, Atlanta 30339
Cost: $50 CREW and CoreNet members and guests

ULI Atlanta – Luncheon Speaker Series
Speaker: Lynne O’Brien
Director of Real Estate, The Coca-Cola Company
January 13, 11:30 am – 1 pm
Two Alliance Center, Conference Room A, Floor: P4
3500 Lenox Rd. NE, Atlanta 30326

IREM GA Economic Forecast Lunch Meeting
Keynote Speaker: David Haddow, Haddow and Co.
January 19, 11 am – 1:30 pm
Ansley Golf Club
196 Montgomery Ferry Dr. NE, Atlanta 30309
Cost: $55

ULI Atlanta – Meet the FDIC
What Has Changed in the Past Year and Where are the Future Opportunities?
January 26, 7:30 am – 9:30 am
Two Alliance Center
3500 Lenox Rd. NE, 30th Floor, Atlanta 30326

NAIOP – January 2011 Breakfast Meeting
January 27, 7:15 am – 9 am
InterContinental Buckhead
Cost: Member – $35; Non-member – $60

CoreNet Global
Atlanta Chapter Sponsor Appreciation Breakfast
February 10, 7:30 am – 9 am
Villa Christina
4000 Summit Blvd., Atlanta 30319

NAIOP Night 2011
Featuring actor, comedian Larry Miller
Benefiting YES! Atlanta and the Ron Clark Academy
February 17
The St. Regis Atlanta

Snow Impacting Businesses, Might Be Closed All Week

Just in case you live in a cold-weather city where they have more than 3 trucks servicing the entire metro area (Atlanta obviously does not), we continue to have challenges in Atlanta. Most businesses including ours are closed. We are working remotely when we can. If you absolutely must reach us, email is the best mode of communication. Because the temperatures are not expected to rise much above freezing today and tomorrow and will be dipping into the teens on Thursday, street conditions are not expected to improve much.

Just wanted to keep our clients and friends abreast of our current status. We are hoping to commence our week-long Argus Boot Camp tomorrow and have already decided to extend the class all weekend. Lucky for us…and all of our Boot Camp participants!