JLL hires Greg Bisconti as San Diego, CA Life Science Tenant Rep Lead and Executive Managing Director

Greg Bisconti 

 

SAN DIEGO, CA – With incredible life science/biotech growth in San Diego and throughout the United States, JLL announced that 28-year industry veteran Greg Bisconti has joined the firm as San Diego Life Science Tenant Rep Lead and Executive Managing Director. 

 Based in JLL’s San Diego, California office, Bisconti will specialize exclusively in working with life sciences companies on their real estate and facility needs, both regionally and globally.

He will also work with JLL leadership in expanding and enhancing a National Life Sciences Tenant Representation Group.

Chad Urie 

Bisconti joins JLL San Diego’s Life Sciences experts Chad Urie and Grant Schoneman, who rank among the top producing brokers in the country for the firm. 

This partnership builds upon JLL’s best-in-class team focused exclusively on life sciences occupier and investor clients’ unique needs.

Collectively, the JLL San Diego team will have represented more life sciences transactions in the last five years than all regional brokerage firms combined.

Peter Belisle

"For several years, JLL has seen tremendous growth in the life sciences industry and the COVID pandemic has accelerated that growth,” said Peter Belisle, JLL Southwest Market Director. 

"Greg’s expertise, reputation and passion for helping life sciences companies make him the perfect candidate to help us service and advocate for the specialized needs of the industry.

"We are confident that he will be a valued team member of our team locally, regionally and nationally."

Grant Schoneman

Prior to joining JLL, Bisconti served as Vice Chairman and National Life Sciences Practice Group Leader at an international commercial real estate firm. 

“Our clients are getting more sophisticated in their analysis of where and why they do business,” said  Urie, JLL Executive Managing Director.

“Life sciences is a global game needing a global game plan. Our JLL Life Sciences team strives to be a consultative partner for clients from early stages of R&D to global headquarters to sophisticated cGMP manufacturing facilities."

 For further information, please visit jll.com.

 CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

Investors Brace for More Volatility in Capital Real Estate Markets

John Oharenko 

 Chicago, IL, April 1, 2022 – The ongoing war in Ukraine, global supply chain issues and inflation continue realigning realty capital markets.   In turn, investors brace for more volatility based on greater economic uncertainty, including the following:

Climbing Rates:  Most believe that the days of historically low interest rates are behind us, as rates rise at the fastest pace in over a decade.  Breaking a three-year record of low-rate policy, the Fed raised rates by a quarter point.  Furthermore, as many as seven interest rate hikes could occur this year.

Inverted Yield Curve:  For the first time since the pandemic, the 5-year and 10-year Treasury yields inverted, opening the possibility of an upcoming recession.  Investors see short-term instability as opposed to long-term yield.

Rate Floors:  Mortgage rate floors return, as lenders fear funding loans at below-market pricing in a rising rate environment.  Common floors range from 3.75% to 4.5%, factoring fifty basis points or more pricing cushions. 

 Furthermore, lenders include more pricing protection vehicles such as MAC clauses (“material adverse change”), in case market conditions substantially change during the loan process.

Widening Spreads:  In line with rate floors, lenders widen spreads to build in more yield risk.  By the same token, many funding sources, especially smaller financial institutions, move away from fixed-pricing commitments to indexing rates over benchmark indices.  Pricing spread premiums start at 25 basis points.

Valuations:  Even though rates continue climbing, the oversupply of capital favors sellers over buyers.  Sellers have yet to change yield expectations to reflect current conditions, as property transaction markets are usually lagging indicators.  

Eventually, downward pricing adjustments will occur, especially for assets offering limited inflation protection, such as a net-lease properties with relatively flat cash flow characteristics.

 John Oharenko, director of The Real Estate Capital Institute®, suggests, “With all the pricing uncertainty, many lenders react by pulling back funding programs, and reducing longer-term mortgage exposure.”

The Real Estate Capital Institute® is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates, including treasuries, bank prime, and LIBOR. 

 

 ^CONTACT:

John Oharenko 

john.oharenko@reci.com

Executive Director

^The   Real Estate Capital Institute^®

Chicago, Illinois USA 60622

director@reci.com / www.reci.com