Commercial, Multifamily Briefs from Chatham Financial, CBRE and Project Destined

Chatham Financial Semiannual Market Update Feb. 9

Chatham Financial, Kennett Square, Pa., will host its Semiannual Market Update for Real Estate on Wednesday, Feb. 9 at 11:00 AM ET.

After a record year for transactions across global real estate in 2021, will the economic headwinds of higher inflation and increasing interest rates cause investors to pause? Will central banks be forced to move interest rates sooner, and to higher levels? Beyond tapering, will the Fed move to a quantitative tightening strategy? How will this impact interest rate differentials, exchange rates, and investment returns?

In this webinar, Chatham Managing Director Co-Head of Europe Jackie Bowie and Director of Business Development Matt Hoffman will discuss the latest developments in economics and the financial markets most relevant to real estate investors.

Access to this event is free, and attendees are eligible for 1.2 CPE credits / CTP credits.

Click here for more information.

CBRE, Project Destined Launch HBCU Bridge Program

CBRE Group and Project Destined launched a first-of-its-kind program to help Black students bridge their education to real-world experience in the commercial real estate industry.

Project Destined’s Historically Black Colleges and Universities Bridge Program, sponsored by CBRE, is a holistic approach that connects students with CBRE leaders and exposes them to industry career paths. At least 100 students from select HBCUs will receive scholarships to participate in the program each year, starting this spring. Leaders from select HBCUs will serve as academic advisors to help facilitate student participation.

CBRE Chief Responsibility Officer Tim Dismond said the program is empowering the next generation of Black leaders in commercial real estate “by providing the tools, knowledge and resources to prepare them for rewarding careers.”

The six-week bridge program gives students more than 40 hours of first-hand exposure to careers in commercial real estate, including an executive speaker series with CBRE leaders, specialized workshops and career development sessions. Students will focus on networking, leveraging LinkedIn, technical competencies such as financial modeling and ARGUS, as well as interviewing and presentation skills. Participating academic advisors will receive a fellowship stipend and collaborate with Project Destined to share program resources.

“Too many groups have felt more victim than participant in change through real estate in their communities,” said Project Destined Co-Founder Cedric Bobo. “This partnership gives us a chance to demystify real estate, create a pathway and provide the training that’s necessary.” At the onset of the pandemic in 2020, CBRE launched a partnership supporting Project Destined’s eight-week virtual commercial real estate internship program, one element of the company’s multi-faceted effort to hire and develop diverse talent. More than 350 students have been trained through the program, resulting in 76 percent of participants landing jobs or internships. The HBCU Bridge Program partnership is part of CBRE’s Community Impact Initiative announced in December 2021.