Kennedy Advisors - Optimize Your Real Estate Decisions

Raleigh – Loren Kennedy reported to a group of business executives that the national recession is creating a higher demand from companies for government assistance. That is probably no surprise, but what is interesting is that the nature of the requests has taken on a different tone.". "Now", Kennedy continued, "we are seeing companies seeking help in reopening their lines of credit by securing government loan guarantees, loans or grants.The answer is maybe. It turns out that certain industries and certain circumstances in a local situation may trigger economic development statutes for public finance help.

Kennedy was addressing a ad hock group of corporate and finance executives to discuss business options in the absence of credit lines.

Cary – National cost containment consultant, Expense Reduction Analysts has named Loren Kennedy to be a speaker at a May conference at The Umstead Hotel on “Optimizing and Finding Capital” in a tough market. Kennedy will speak about public finance opportunities including USDA guaranteed lending and trends in municipal incentive programs. Joining Kennedy in speaking is Tim Gupton of Hughes Pittman & Gupton and Earl Tye, City Executive BB&T Winston Salem.

Durham – TechShop, a firm that Kennedy Advisors supported with debt financing conducts its grand opening in its unique, new 25,000 square foot facility. Attendees were able to try out the tools and machines with instructors on hand. During the twelve hour celebration, demonstrations were conducted on the incredible Saw Stop Table, the Epilog Laser Cutter and the ShopBot generated small plaque gifts to attendees. Those who brought something to sew on were able to leave with custom embroidery.

Boone – The final multiple contracts involving $4.25 million were signed for land purchases, stock transfer, development commitments, lease terms, and grants by Tweetsie Railroad, Watauga County Commissioners, the Tourist Development Board, BB&T and various family land owners. Loren Kennedy and Dave Bodart worked with Tweetsie for over three years to help put this agreement together.

RTP - Pharmaceutical corporation released a press release conforming that they will move to RTP with over 100 new jobs. Although they had already identified approximately $300,000 in state tax incentives they could qualify for, Kennedy Advisors was brought in to review the situation. The incentive package was increases three fold, to about $900,000 as a direct result of that review.

Raleigh -The Carolinas Chapter of the Association for Corporate Growth has named Loren Kennedy as President Elect. Kennedy has served ACG for six years in roles of Marketing Vice President and Programs Vice President.

Charlotte -The Carolinas Chapter of The Counselors of Real Estate announces a new program to honor “Creative Thinkers” in the commercial real estate industry. The program is aimed at identifying cutting edge thinkers who are leading the way in new development, public private partnerships, adaptive reuse projects and sustainable development. Loren Kennedy, Past President and current Membership Vice President of the chapter conceived the idea.

Durham - TechShop, a California-based new concept in providing scientists, engineers inventors and hobbyists a public access, fully equipped workshop, has engaged Kennedy Advisors. This complex assignment requires a location and facility that can accommodate, warehouse, automotive, flex office and retail components in a 7/24 hour environment.

Raleigh - Kennedy Advisors provides pro bono real estate services for Triangle Family Services.

RTP - Kennedy Advisors provides pro bono lease consulting services to Athenix Corp., a biotechnology company based in RTP

The London - based Royal Institute of Chartered Surveyors has named Loren Kennedy a Fellow. RICS is one of the most respected and high profile global “standards and membership” organizations for professionals in land, property, construction and environmental issues. “I am delighted with this appointment”, Mr. Kennedy says, “in part because it provides Kennedy Advisors and our clients with access to 120,000 professionals in 120 countries. Within the group we can tap the expertise of over 160 different niche specialties globally”. www.rics.org – View the diploma

Renesas Technology America re-engaged Kennedy Advisors to sublease the remainder of their 60,000sf Eastern region headquarters. “I am especially pleased with this reappointment”, says Dave Bodart, Partner. “I would wager that it is very rare in our industry to be re-hired after another brokerage has been engaged. We are flattered that they cited the advisory side of our services as the reason they came back. We are also glad to be teamed up with Jones Lang LaSalle Project Management to oversee tenant improvements”.

Business Leader Magazine published a feature article on two small boutique firms under the title “Small Shop, Big Difference” Kennedy Advisors is one of the two firms selected. In part they say of Kennedy Advisors, “They are consultants in brokers clothing” A prominent picture of Tweetsie Railroad is displayed, one of Kennedy Advisors larger clients. View the article.

Kennedy Advisors represents undisclosed buyer in the purchase of two properties totaling over $3,000,000.

Kennedy Advisors is engaged by the News & Observer to arrange two build-to-suit distribution centers totaling 30,0000sf. South Forest Investors is awarded the development contract to build the new prototype facilities. Kennedy Advisors teamed with The TIGroup (now Jones Lang LaSalle) in developing the specifications for the construction.

Triangle Business Journal “Biz” column covers story on Tweetsie Railroad’s struggle to keep up with rising land lease costs and their decision to engage Loren Kennedy and Dave Bodart, the Partners at Kennedy Advisors, LLC to help structure public finance assistance. View the article.

Loren Kennedy is quoted in the Winston-Salem Journal on the Dell Computer incentive deal. Article.

Tweetsie Railroad engages Kennedy Advisors to assist them with issues associated with rising land lease costs. The assignment includes the structuring of a public private partnership with Watauga County and evaluating alternative theme park locations.

David J. Bodart joins Kennedy Advisors as Partner. “Dave’s corporate experience with GE and Johnson Controls gives him a head start on many facilities and corporate issues we face as tenant representatives”, says Loren Kennedy, Principal. “Add to that his introduction to the real estate business over the last year or two and add his innate people skills and I consider him a natural in this business".

Business Leader Magazine publishes feature article on why engaging a Tenant representative is a good idea. Entitled, “Don’t Try This At Home” the author extensively quotes Loren Kennedy, Principal of Kennedy Advisors. View the article.

Loren Kennedy forms Kennedy Advisors, LLC.

Loren Kennedy, is an advisor to Progress Energy on the public private partnership that is proposed for a mixed use development in downtown Raleigh. The City of Raleigh desired a mixed use development plan that would include retail and residential use. The private entity was planning to build a large corporate headquarters. The Raleigh City Council ended up approving a mutually beneficial partnership agreement that allowed the project to move forward. Click here to view then click ''Progress Plaza''.

The American Society of Professional Education offers class in “Commercial Real Estate Lease Workouts” with Loren Kennedy speaking on strategies for subleasing, buy-outs and downsizing.

Loren Kennedy, Co Managing Director of Master Plan Advisors, assists the City of Durham as strategic consultant on the massive $43.2mm public private partnership development agreement for the American Tobacco Historic District redevelopment.

The News & Observer publishes a feature “Point of View Article” authored by Loren Kennedy that identifies changing criteria in office choice decisions. View the article.

The Real Estate Finance Journal publishes a feature article authored by Loren Kennedy
Entitled “Redefining a CFO’s Role with Real Estate” View the article.

November 2009		Raleigh – Loren Kennedy reported to a group of business executives that the national recession is creating a higher demand from companies for government assistance. That is probably no surprise, but what is interesting is that the nature of the requests has taken on a different tone.". "Now", Kennedy continued, "we are seeing companies seeking help in reopening their lines of credit by securing government loan guarantees, loans or grants.The answer is maybe. It turns out that certain industries and certain circumstances in a local situation may trigger economic development statutes for public finance help. Kennedy was addressing a ad hock group of corporate and finance executives to discuss business options in the absence of credit lines.

April 2009		Cary – National cost containment consultant, Expense Reduction Analysts has named Loren Kennedy to be a speaker at a May conference at The Umstead Hotel on “Optimizing and Finding Capital” in a tough market. Kennedy will speak about public finance opportunities including USDA guaranteed lending and trends in municipal incentive programs. Joining Kennedy in speaking is Tim Gupton of Hughes Pittman & Gupton and Earl Tye, City Executive BB&T Winston Salem.

March 2009		Durham – TechShop, a firm that Kennedy Advisors supported with debt financing conducts its grand opening in its unique, new 25,000 square foot facility. Attendees were able to try out the tools and machines with instructors on hand. During the twelve hour celebration, demonstrations were conducted on the incredible Saw Stop Table, the Epilog Laser Cutter and the ShopBot generated small plaque gifts to attendees. Those who brought something to sew on were able to leave with custom embroidery.

December 2008		Boone – The final multiple contracts involving $4.25 million were signed for land purchases, stock transfer, development commitments, lease terms, and grants by Tweetsie Railroad, Watauga County Commissioners, the Tourist Development Board, BB&T and various family land owners. Loren Kennedy and Dave Bodart worked with Tweetsie for over three years to help put this agreement together.

September 2008		RTP - Pharmaceutical corporation released a press release conforming that they will move to RTP with over 100 new jobs. Although they had already identified approximately $300,000 in state tax incentives they could qualify for, Kennedy Advisors was brought in to review the situation. The incentive package was increases three fold, to about $900,000 as a direct result of that review.
April 2008		Raleigh -The Carolinas Chapter of the Association for Corporate Growth has named Loren Kennedy as President Elect. Kennedy has served ACG for six years in roles of Marketing Vice President and Programs Vice President.

March 2008		Charlotte -The Carolinas Chapter of The Counselors of Real Estate announces a new program to honor “Creative Thinkers” in the commercial real estate industry. The program is aimed at identifying cutting edge thinkers who are leading the way in new development, public private partnerships, adaptive reuse projects and sustainable development. Loren Kennedy, Past President and current Membership Vice President of the chapter conceived the idea.

January 2008		Durham - TechShop, a California-based new concept in providing scientists, engineers inventors and hobbyists a public access, fully equipped workshop, has engaged Kennedy Advisors. This complex assignment requires a location and facility that can accommodate, warehouse, automotive, flex office and retail components in a 7/24 hour environment.

April 2007		Raleigh - Kennedy Advisors provides pro bono real estate services for Triangle Family Services.

January 2007		RTP - Kennedy Advisors provides pro bono lease consulting services to Athenix Corp., a biotechnology company based in RTP

September 2006		The London - based Royal Institute of Chartered Surveyors has named Loren Kennedy a Fellow. RICS is one of the most respected and high profile global “standards and membership” organizations for professionals in land, property, construction and environmental issues. “I am delighted with this appointment”, Mr. Kennedy says, “in part because it provides Kennedy Advisors and our clients with access to 120,000 professionals in 120 countries. Within the group we can tap the expertise of over 160 different niche specialties globally”. www.rics.org – View the diploma

August 2006		Renesas Technology America re-engaged Kennedy Advisors to sublease the remainder of their 60,000sf Eastern region headquarters. “I am especially pleased with this reappointment”, says Dave Bodart, Partner. “I would wager that it is very rare in our industry to be re-hired after another brokerage has been engaged. We are flattered that they cited the advisory side of our services as the reason they came back. We are also glad to be teamed up with Jones Lang LaSalle Project Management to oversee tenant improvements”.

July 2006		Business Leader Magazine published a feature article on two small boutique firms under the title “Small Shop, Big Difference” Kennedy Advisors is one of the two firms selected. In part they say of Kennedy Advisors, “They are consultants in brokers clothing” A prominent picture of Tweetsie Railroad is displayed, one of Kennedy Advisors larger clients. View the article.

March-July 2006		Kennedy Advisors represents undisclosed buyer in the purchase of two properties totaling over $3,000,000.

January 2006		Kennedy Advisors is engaged by the News & Observer to arrange two build-to-suit distribution centers totaling 30,0000sf. South Forest Investors is awarded the development contract to build the new prototype facilities. Kennedy Advisors teamed with The TIGroup (now Jones Lang LaSalle) in developing the specifications for the construction.


July 2005		Triangle Business Journal “Biz” column covers story on Tweetsie Railroad’s struggle to keep up with rising land lease costs and their decision to engage Loren Kennedy and Dave Bodart, the Partners at Kennedy Advisors, LLC to help structure public finance assistance. View the article.

June 2005-		Loren Kennedy is quoted in the Winston-Salem Journal on the Dell Computer incentive deal. Article.

June 2005		Tweetsie Railroad engages Kennedy Advisors to assist them with issues associated with rising land lease costs. The assignment includes the structuring of a public private partnership with Watauga County and evaluating alternative theme park locations.

April 2005		David J. Bodart joins Kennedy Advisors as Partner. “Dave’s corporate experience with GE and Johnson Controls gives him a head start on many facilities and corporate issues we face as tenant representatives”, says Loren Kennedy, Principal. “Add to that his introduction to the real estate business over the last year or two and add his innate people skills and I consider him a natural in this business".

February 2005		Business Leader Magazine publishes feature article on why engaging a Tenant representative is a good idea. Entitled, “Don’t Try This At Home” the author extensively quotes Loren Kennedy, Principal of Kennedy Advisors. View the article.

June 2004		Loren Kennedy forms Kennedy Advisors, LLC.

March 2003		Loren Kennedy, is an advisor to Progress Energy on the public private partnership that is proposed for a mixed use development in downtown Raleigh. The City of Raleigh desired a mixed use development plan that would include retail and residential use. The private entity was planning to build a large corporate headquarters. The Raleigh City Council ended up approving a mutually beneficial partnership agreement that allowed the project to move forward. Click here to view then click ''Progress Plaza''.

November 2002		The American Society of Professional Education offers class in “Commercial Real Estate Lease Workouts” with Loren Kennedy speaking on strategies for subleasing, buy-outs and downsizing.

August 2002		Loren Kennedy, Co Managing Director of Master Plan Advisors, assists the City of Durham as strategic consultant on the massive $43.2mm public private partnership development agreement for the American Tobacco Historic District redevelopment.

April 2001		The News & Observer publishes a feature “Point of View Article” authored by Loren Kennedy that identifies changing criteria in office choice decisions. View the article.

1999-2000		Loren Kennedy, Managing Director, Landauer Associates, advises CMS Energy on their 3.5 million square foot portfolio. The key part of the engagement ends up with CMS rethinking moving 500 employees out of downtown Jackson. Instead, they consolidate some 2,000 jobs downtown and the municipal government entities contribute $39.5mm in assistance. CMS built their new $70mm, 360,000 square foot headquarters adjacent to the post office building that was part of the grant. Read the article

May 1999		The Real Estate Finance Journal publishes a feature article authored by Loren Kennedy Entitled “Redefining a CFO’s Role with Real Estate” View the article.

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