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B&C News 2006
Maura Cochran Editor in Chief of Real Estate Issues
Maura Cochran has been chosen as editor in chief of Real Estate Issues, the journal of the Counselors of Real Estate (CRE). Real Estate Issues is published three times a year for the benefit of the CRE and other real estate professionals, planners, architects, developers, economists, government personnel, lawyers and accountants. It focuses on providing up-to-date information on problems and topics in the field of real estate.
Maura was also elected to a three-year term to the national Board of the Counselors and serves as the membership chair for the local chapter.
Cochran Surveys National Development Community
In April 2003, Maura Cochran surveyed SIOR members, national developers, and investors to create a benchmark study that could be updated to detect changing market conditions, trends, developing issues, and investment obstacles and efficiencies. An update to that original survey went out in Aptil 2006.
See a PDF of the Updated National Survey
Bartram & Cochran’s 2006 project highlights…
- Litigation Support
B&C was engaged by a major East Coast law firm as an expert witness in a case involving a large insurance company versus a commercial real estate developer over an unfunded loan commitment. Team members analyzed voluminous case documents, provided insight and potential areas of questioning to the attorneys, produced a written report of her findings, and provided testimony during the trial proceedings.
- Financial Advisory Services
Middlesex Mutual Assurance Corporation
B&C provided mortgage placement services on the company’s Class A headquarters office complex in Middletown, Connecticut. As a net leased property, the project included analysis of a credit tenant financing as well as conventional and Wall Street routes. Ultimately, the building was financed in the full amount requested with a local institution at a spread that rivaled conduit financing but without the corresponding securities market restrictions.
- Due Diligence
Travel Centers of America
Bartram & Cochran provided underwriting assistance to MBIA for this portfolio of 150 truck stops in 29 states and Ontario, valued at over $1.4 billion. Time was of the essence, and a preliminary report, including the results of inspections of 35% of the assets, was completed within 20 days and a completed report within 33 days.
Bartram & Cochran provided underwriting assistance to MBIA for this portfolio of 241 NNN (Triple-Net) restaurants that included 33 concepts in 35 states, valued at $366,026. Time was of the essence, and a preliminary report, including the results of inspections of 35% of the assets, was completed within 18 days and a completed report within 28 days.
- Fiduciary Services
Bartram & Cochran continues in its role as fiduciary to UBS's separate account. Assets in that portfolio are valued at $833 million in national retail malls.
- Corporate/ Institutional Representation
Connecticut Center for Advanced Technology
Bartram & Cochran assisted CCAT in their strategic locational planning and lease negotiation for 37,500 SF office building in East Hartford.
Hartford Foundation for Public Giving
Bartram & Cochran assisted HFPG in their strategic locational analysis and lease negotiation for 17,500 SF in Hartford.
Naturipe Farms (Global Berry Farms)
Bartram & Cochran completed a national strategic locational analysis for Naturipe to assist their board in assessing the potential relocation of corporate headquarters and the placement of regional sales offices.
Bartram & Cochran is assisting Fairview Capital in their relocation and expansion to 13,500 SF in West Hartford.
Greater Hartford YMCA
Bartram & Cochran advised the Greater Hartford YMCA in the creation of a $165 million joint venture with Northland Investments for the development of its prime property on Jewell Street in Hartford. B&C also assisted the Y in relocating its headquarters and downtown branch into 24,000 SF in Hartford.
- Land Use Studies & Sales
North Stonington, CT
Bartram & Cochran wrote a market analysis report for a New York City developer to assess the demand for over age 55 housing on 40 acres in North Stonington.
Bartram & Cochran wrote a market analysis for a New Jersey developer on the feasibility of building luxury homes in Stratton, Vermont.
Connecticut River Town, CT
Bartram & Cochran is assisting a Texas developer in analyzing the financial impact of "big box" development of 40 acres to a small town located in southern Connecticut.
Bartram & Cochran represented the Hawthorne Inn on the sale of its excess land to Toll Brothers for a multi-unit residential project.
Eastern Maine Healthcare Systems
Bartram & Cochran provided marketing consulting services to this client to attract biotech companies to the Brewer Professional Center in Brewer, Maine.
- Government & Development Agencies
City of Brewer, ME
Bartram & Cochran provided marketing and economic development consulting services to the City of Brewer on its waterfront and downtown redevelopment project, Penobscot Landing.
Town of Farmington, CT
Bartram & Cochran created a Bioscience Sector Growth & Development Plan for Farmington that determined the market feasibility for growing the biotech sector in town and identified the specific steps needed to make it a reality.