Administration, Appraisal / Valuation, Corporate Services, Investment, Health Care / Medical, Account / Transaction Mgmt., Advisory / Consulting, Banks, Buyer Representation, Capital Markets, Facilities Management, Government Services, Net Leased, Project Management, Special / Distressed Assets, Technology, Tenant Representation
Scope of Service Experience
Today, Paul continues to support institutional clients with CRE investment analysis, market research, opinions of value, lease analysis, due diligence administration, new asset transitions, leasing strategies & implementation, dispositions and closing management. He has tremendous experience in troubled assets, receivership and REO transactions in the CMBS and bond markets in addition to representation for numerous clients on investment grade assets. C-III Asset Management GE Capital Citizens Bank Comerica CW Capital Fifth Third Bank Oakwood Healthcare Mount Clemens Regional Medical Detroit Medical Center Berkadia Commercial Mortgage ORIX Capital Markets Helios AMC Wells Fargo Bank Midland Loan Services Klaff Realty, L.P. Ambac Assurance Corp. Schostak
Background & Experience
Since 2002, Paul has helped grow the Investment Sales Group by standardizing the asset transition and marketing practices for institutional clients. During this time, he built a track record for Investment Sales in office, industrial, retail, single tenant net lease, medical and parking transactions. A specialist in institutional valuation utilizing Argus, Excel and other modeling software, Paul has a reputation for providing quality opinions about transaction value. Further, he acted as the market analyst in charge of quarterly and annual market reports. The combination of these talents has made Paul a “go-to” resource for market information. Prior to shifting to Investment sales within NAI Farbman, Paul worked in the Portfolio Management Group. During his time as a portfolio manager, he excelled at strengthening client relationships and building on already best practices in asset management for over 2-million square feet of office, medical office, retail and industrial space. Prior to joining NAI Farbman, Paul was previously employed with DaimlerChrysler Financial Services. For nearly ten-years now, he has chaired the Executive Board for the Greater Corktown Development Corporation in Detroit, Michigan. During his term as President and Chairman, he was instrumental in the 2001 merger of the Corktown Consumer Housing Cooperative with the Greater Corktown Economic Development Corporation.
Paul is a graduate of the University of Michigan's School of Literature, Science and Arts in Ann Arbor, Michigan where he received a Bachelor of Arts in Economics. Paul is a licensed real estate salesperson in the State of Michigan.
Professional Associations & Designations
ICSC CoStar Power Broker Crains Detroit Business: Twenty in their 20's Greater Corktown Development Corporation
Office: DEA Building (Record PSF Michigan Trade) Bingham Center (500,000 Sq.Ft.) Cadillac Tower (Detroit, MI - 340,000 Sq.Ft.) Dime Building (Detroit, MI - 320,000 Sq.Ft.) Historic Harmonie Club Building (Detroit, MI) 350 Stephenson Hwy. (Troy, MI) Medical Office: MCGH - MOB Portfolio (3 Buildings) Canton MOB & Ambulatory Center (Sale, Lease back & Expansion) UofM Primary Care Center (Ypsilanti, MI) Dalcoma Professional Park (Clinton Twp, MI) Industrial/Flex: Gateway Industrial Center (1.2M Sq.Ft.) Fairlane Commerce Park Portfolio (190,000 Sq.Ft.) ABB - Auburn Hills, MI (520,000 Sq.Ft.) Retail: Novi Mainstreet East Project Westshore Mall (400,000 Sq.Ft.) Northpointe SC & Shelby Corners (320,000 Sq.Ft.) Roseland Shopping Center (94,000 Sq.Ft.) La-Z-Boy Portfolio (90,000 Sq.Ft.) South Hill Plaza Retail Center (Rochester, MI) Lakeview Plaza (Sterling Heights, MI) Summit North Shopping Center (190,000 Sq. Ft.) Multi-Housing: Autumn Grove Apartments (220 units) Carriage Park Apartments Historic Palms Apartments (Detroit, MI) Stonebridge Apartments Parking: Two Detroit Center Parking Garage (1,095 Spaces) Financial District Garage (938 Spaces)