"Prudential Real Estate Investors shares our appreciation forthe value of urban retail and residential properties," says RichardWagman, one of the founding principals of Madison Capital. "Ourbusiness model seeks stable cash flow with substantial upside.There continues to be strong demand for supply-constrained space inmajor, 24-hour cities."
The venture plans to purchase retail and mixed-use propertiesranging from $5 million to more than $100 million. Madison Capitalwill source the acquisition opportunities and operate theproperties. Representatives from Cushman & WakefieldSonnenblick Goldman were unable to confirm the details of the jointventure's future plans prior to deadline.
"With many building owners and developers feeling the effects ofa tighter debt and equity market, it is a perfect opportunity forthe venture to acquire the retail portion of hotels, residentialand office buildings as many owners need to raise additionalcapital or monetize a portion of the asset while maintainingownership and control of the component in which they haveexpertise," says Steven Kohn, president and principal of Cushman& Wakefield Sonnenblick Goldman
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
