Based on a recent survey conducted with industry participants, many do not feel Trump has been helpful to the industry. After reading the sampling of specific comments, it is clear many are letting their personal political feelings cloud their thinking. This is not a defense of Trump, who has many defects, and who is a developer with a history of bad behavior with subs, banks and others. But all of his faults should not get in the way of objective analysis of where are we in CRE today vs where were we a year ago.

Obama was a disaster for the US and the world and lied about all sorts of major issues. He left the world a far more dangerous place, the US with the worst race relations in 30 years, a massive deficit, hundreds of thousands of dead in the mid east, a disastrous agreement with Iran and a nuclear N Korea, and the slowest growing economy coming out of a recession we have ever seen. For all his faults and major personality problems, Trump through the work of his outstanding cabinet, are fixing many of the serious problems facing the economy and the world that Obama and Hilary created. If you are objective, you can't think the last 8 years was positive for the economy or the world. Ignore Trump and his tweets, and pay attention to what the cabinet is quietly actually accomplishing.

Reality is that Trump has directed a massive deregulation effort that is ongoing, and especially impacts us through EPA, clean water rules, wetlands rules, and other rules about site development. As a land developer doing brownfield development, this is a massively beneficial change. Just stopping the Clean Water actions Obama's EPA was undertaking makes many land development projects once again feasible. Under Obama, even a dry pond or stream was an issue.

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Joel Ross

Joel Ross began his career in Wall St as an investment banker in 1965, handling corporate advisory matters for a variety of clients. During the seventies he was CEO of North American operations for a UK based conglomerate, and sat on the parent company board. In 1981, he began his own firm handling leveraged buyouts, investment banking and real estate financing. In 1984 Ross began providing investment banking services and arranging financing for real estate transactions with his own firm, Ross Properties, Inc. In 1993 Ross and a partner, Lexington Mortgage, created the first Wall St hotel CMBS program in conjunction with Nomura. They went on to develop a similar CMBS program for another major Wall St investment bank and for five leading hotel companies. Lexington, in partnership with Mr. Ross established a hotel mortgage bank table funded by an investment bank, and making all CMBS hotel loans on their behalf. In 1999 he formed Citadel Realty Advisors as a successor to Ross Properties Corp., focusing on real estate investment banking in the US, UK and Paris. He has closed over $3.0 billion of financings for office, hotel, retail, land and multifamily projects. Ross is also a founder of Market Street Investors, a brownfield land development company, and has been involved in the acquisition of notes on defaulted loans and various REO assets in conjunction with several major investors. Ross was an adjunct professor in the graduate program at the NYU Hotel School. He is a member of Urban Land Institute and was a member of the leadership of his ULI council. In 1999, he conceived and co-authored with PricewaterhouseCoopers, the Hotel Mortgage Performance Report, a major study of hotel mortgage default rates.