Archive for 2010
At PegasusAblon, we like to think our success is kind of a big deal, but it is nothing compared to Maria’s.
Maria lives in Pedro Brand in the Dominican Republic. Not long ago she supported her family by selling gum, candy and odds and ends from a blue box by the side of the road. These days, thanks to a series of six-month micro-loans from Esperanza International, Maria’s roadside blue box has grown into a colmado, (her community’s equivalent of a 7-11) and her standard of living rises daily. Maria is setting a very impressive pace!
I just returned from the Dominican Republic and Haiti, where Esperanza International is hard at work with local communities and international partners to build a middle class—through a powerful blend of micro-finance, early childhood education, health care, clean water and better housing.
The results are amazing, and I believe our collective efforts will transform the island in my lifetime!
I am grateful PegasusAblon views my frequent volunteer travel to the Dominican Republic as a part of our firm’s core commitment to give back to the broader community. And I am glad that locally, PegasusAblon supports organizations like Buckner International and Chiapas International who partner in Esperanza’s big dream!
During this holiday season, may we all find joy in the privilege of being a part of something bigger than ourselves.
When the clock strikes midnight and we commence 2011, the topic of discussion remains: Where are we, where are we going, what is different in real estate? The short answer? I don’t know exactly where we are, but I do have the sense that we are going to be here for awhile longer.
De-leveraging is an excruciatingly slow process, and, if pressed to make a guess, I would say we are half way there — wherever that might be. By pure origination analytics, we should be humping the curve of the debt actuary chart in two-and-a-half to three-and-a-half years. That is, until you incorporate the kick-the-can extensions.
The downside risks are so broadly discussed, let’s just assume we all know them and talk upside. As slow as it might feel, the economy is healing faster than the real estate leveraging resolution, so there remains the hope that a continually healing economy and in-migration will start to provide some bottom-up support to the real estate market in DFW.
If this is the case, real estate in general might find itself in a recovery mode sooner than the statistical answer might indicate.
What does all this mean for PegasusAblon? Our focus in 2011 will be remarkably similar to the 2010 plan with one sole exception: We have a stronger team and broader reach. Though the four deals we closed in 2010 were all very exciting, we hope to grow and leverage this success for an even stronger 2011.
Happy New Years to all from the entire PegasusAblon team. We wish each of you health, happiness and success in 2011. We remain deeply appreciative for all we have and for those who continue to serve and protect our Nation.
Photo courtesy of: Hoang Anh Tuan
This May, the first of three planned restaurants in PegasusAblon’s Lower Oak Lawn development opened for business. The Meddlesome Moth, a new concept by veteran Dallas restaurateur Shannon Wynne and partner Keith Schlabs, has been hailed a true gastro-pub by the Dallas Morning News. Their exotic menu, crafted by Chef Chad Kelly, and extensive beer selection have received critical acclaim, and the restaurant has been named in D Magazine’s December 2010 issue as one of the Best New Restaurants in Dallas.
The Moth’s new home, located at the corner of Oak Lawn Avenue and Hi Line Drive, was formerly an Ann Sacks tile showroom. (And the PegasusAblon Marketing Center!) The restaurant has added a new dimension of vibrancy and nightlife to the Dallas Design District neighborhood.
For more of the latest info on upcoming beer tastings, rare cask tappings and other happenings at The Moth, visit our blog, LowerOakLawn.com. To view a menu and more pictures, check out the Moth’s website, MothinThe.Net.
The Meddlesome Moth // 1621 Oak Lawn Avenue // 214.628.7900
Photo Courtesy of: TheBradsBlog.com
Each year the Dallas Business Journal awards outstanding companies in the DFW area with the prestigious “Best Places to Work” designation. Winning companies are selected based on the results of employee survey which are then matched again national best practice scores for their category.
This year PegasusAblon took first place in the Small Companies category, which represents businesses in all industries across North Texas with 10 to 50 employees. Furthermore, PegasusAblon Properties received an overall score of 99.87% — higher than any company of any size in the competition.
Download the article to see PegasusAblon’s profile in the September special edition of the Dallas Business Journal.
Mike Ablon is a principal and founding partner of PegasusAblon. He provides the vision, know-how and discerning strategies in achieving the company’s specialty – recognizing emerging, undervalued and overlooked real estate opportunities. As the leader of the PegasusAblon strategic vision, Mike’s objective is to build the company’s portfolio and to increase its presence and value in the commercial marketplace. Mike draws on his experience, relationships, market knowledge and insight, and strategic processes to accurately identify, analyze and pursue “intelligent real estate opportunities.”
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Steve Brookshire is a principal of PegasusAblon and leads day-to-day oversight of its property management and leasing operations. In addition, Steve structures many of PegasusAblon’s complex transactions. Steve has 32 years of experience in the financial and accounting aspects of commercial real estate.
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As the Senior Executive of Construction Management for PegasusAblon, Jack is charged with oversight and management of the company’s construction projects. With over 26 years in the construction management arena, Jack has experience managing office, industrial and retail projects. Jack uses his skill and expertise to deliver complex and challenging projects in a timely manner.
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As the Chief Financial Officer of PegasusAblon, Pattie oversees the company’s accounting and financial reporting, working with Pegasus’ real estate managers and accountants at multiple managed locations. In addition, she is responsible for the administration of PegasusAblon’s human resources department and manages other corporate functions.
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Michael is responsible for strategic planning, financial control and all aspects of property management and leasing at PegasusAblon. He oversees a diversified portfolio of office and retail properties including a 24-property mixed-use portfolio in the Dallas Design District. He also serves as Executive Director of the Oak Lawn-Hi Line Public Improvement District on behalf of the City of Dallas.
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