in the News

December 8, 2015 - Pigeons Grow Fat in Egypt as Poor Storage Means Wasted Wheat

BloombergBusiness (PDF) You can tell an Egyptian grain store by the birds circling overhead. As much as half of the wheat the state buys from its farmers is lost each year to pigeons, rodents and thieves scavenging national stockpiles that are often just stacked in rough jute bags open to the elements, said David Blumberg, whose […]

November 4, 2015 - Warehousing, food storage services companies keen on India

The Hindu BusinessLine (PDF) Global warehousing and food storage services companies are showing keen interest to invest in India. “An improving domestic economy and legislative reforms has encouraged foreign companies to set up their manufacturing base in India,” Anshuman Magazine, CMD of CBRE South Asia, told BusinessLine. “Few companies have already expressed interest. Recently, companies like […]

September 1, 2015 - Blumberg Grain Plans Food Storage Systems in Punjab

The Tribune (PDF) David Blumberg CEO, Blumberg Grain — West Africa talks to Sanjeev Sharma Blumberg Grain is considering Punjab along with other states for setting up operations in India for food storage and warehousing systems. David Blumberg, CEO, Blumberg Grain —West Africa, talks about the India plans and creating an export hub for Asia and […]

June 17, 2015 - Blumberg Grain Provides Solutions to Egypt’s Grain Spoiling Problem

Business Today Egypt (PDF) David Blumberg, CEO of Blumberg Grain – West Africa, introduces the Shonna Development Project Business Today Egypt interviewed David Blumberg, Chief Executive Officer of Blumberg Grain – West Africa. In that capacity, Blumberg is responsible for marketing, operations and financial performance for Blumberg Grain projects and manufacturing hubs in the West Africa, […]

June 14, 2015 - Blumberg Grain unveils the first Aggregation Center of the Shouna Development Project in Egypt

Thomson Reuters Zawya (PDF) The Middle East and North Africa’s Largest Food Security Network Blumberg Grain, a leading US-based food security company, unveiled the first site of the Shouna Development Project in the presence of Minister of Supply and Internal Trade, Dr Khaled Hanafy. An initiative supported by President Abdel Fattah al-Sisi’s Viva Egypt Fund, the […]

April 22, 2015 - Egypt will launch new wheat storage system next week

Ahram Online (PDF) The government signed an agreement with Blumberg Grain in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million Egypt will launch a new grain storage system next week, in the hope of reducing by a quarter the amount of wheat wasted annually, Supply […]

March 20, 2015 - Bread rationing and smartcards: Egypt takes radical steps to tackle food waste

The Guardian (PDF) When Egyptians took to the streets of Cairo three years ago, they called for “bread, freedom, and social justice”. Bread is absolutely central to the Egyptian diet, yet the country is massively dependent on others for supply. It imports almost twice as much wheat as all 27 EU member states put together, making […]

February 18, 2015 - Gables firm, Egypt partner for grain security

Coral Gables-headquartered Blumberg Grain is partnering with Egypt to develop one of the world’s largest food security systems for grain storage.

January 22, 2015 - Egypt and Blumberg Grain Launch World’s Largest Integrated Food Storage System

In the coming months, Egypt and the American company Blumberg Grain will create the world’s largest integrated food storage system for grain, constructing 93 sophisticated wheat storage facilities across Egypt that will process 3.7 million tons annually and store 750,000 tons of wheat.

January 15, 2015 - Blumberg Grain Visits India With An Eye Towards Adding Value to the Country's Ongoing Food Security Initiatives

Blumberg Grain senior executives are arriving in India this week for meetings on food security needs in the public and private sectors.

January 8, 2015 - Agriculture Will Lead Nigeria's Economy In 2015

Foreign companies saw through the rising profile and prospects of agricultural sector and came calling. One of them is Blumberg Grain; its total investment is estimated at about US $250 million. The project is on fast track implementation timeframe.

January 7, 2015 - Why GEJ Is Sure That Nigeria Is ready For Oil Crisis

In 2012 Blumberg Grain, the Global food giant invested $250 million in a large-scale food storage facilities for Nigeria’s agricultural sector creating up to 1,000 jobs. See what David Blumberg, CEO, Blumberg Grain – West Africa thinks of Nigerian agriculture.

September 4, 2014 - Food Security Receives A Boost, As FG Launches Silo Complex

Leadership Newspaper (PDF) Food security is recognised as central to any nation’s security. The uncertainties that perennially beset any food-insecure nation derive, in part, from inadequacies associated with activities off-field, affecting food storage. On the flip side, developed countries devote quality policy support to food storage which, in turn, guarantees their all-year-round supply of food. […]

September 1, 2014 - David Blumberg interview about Blumberg Grain investments and projects in Egypt

David Blumberg interview with Alhurra TV August 27th 2014, Blumberg invests $ 250 Million in Egypt

August 26, 2014 - Blumberg Grain on CNBC 8/26

CNBC “I want to show you this one thing: How big is this show? You’re seeing the Egyptian Minister of Supply who has come to Iowa to further a multi-billion dollar deal to buy secure storage bins from Blumberg Grain for their grain. Egypt is the biggest wheat importer in the world, but loses as […]


CairoScene (PDF) Egypt’s bread crisis could soon be resolved by Blumberg Capital, which is launching a new venture in Egypt to introduce new nationwide storage facilities that are set to prevent spoilage and reduce price volatility. It was Marie Antionette who once said let them eat cake – well now a US business tycoon could […]

August 12, 2014 - The American who wants to save Egypt's bread

Blumberg recently reached a deal with Egyptian President Abdel Fattah el-Sisi to build 164 grain storage facilities designed to prevent spoilage, reduce price volatility and eventually lead to a local commodities exchange.

“It’s crazy,” the American investor said. “The largest wheat buyer in the world is constrained by storage.”

August 3, 2014 - Minister of Supply: 3 major projects for the storage of wheat at a cost of 3 billion and 206 million pounds

President Abdel Fattah Sisi held two meetings today with Dr. Khaled Hanafi Minister of Supply and Internal Trade, the first, a group of international investors to set up 3 major investment projects, and the second a meeting with the youth and leaders of the Ministry of Supply and its affiliates.

- Sisi with the Head of Blumberg for 3 projects for the storage of grain and fruit

The meeting was aimed at review and discuss three major projects, including the creation of the company’s first factory for storage technology in the Middle East, which will serve the local market, and targets integration with the national project of the giant development axis at the Suez Canal, as well as providing opportunities to export to the Arab countries and African countries, where the project will the world’s largest in its field, and direct investments worth 100 million dollars.

July 18, 2014 - Interview with David Blumberg, CEO, Blumberg Grain – West Africa

Even though the name of the company is Blumberg Grain, we also knew that the issue of post-harvest losses affected the perishables (fruits/vegetables) area. So our Applied Engineering team developed systems that not only use refrigeration technology but also build in a controlled atmosphere capability.

June 23, 2014 - Blumberg Grain Links with The Corporate Council on Africa

Blumberg Grain said that it has joined The Corporate Council on Africa (CCA), a organization developing and strengthening business relationships between the United States and Africa.

June 10, 2014 - Food Safety and Security Leader Blumberg Grain Joins The Corporate Council on Africa

Blumberg Grain, a global leader in food safety and security, has joined The Corporate Council on Africa (CCA), the leading trade organization developing and strengthening business relationships between the United States and Africa.

May 13, 2014 - Rock Star in a Hard Place

“You just missed an investor who is thinking of investing in Nigeria,” she said as we sat down at a round mahogany table overlooking Pennsylvania Avenue. Okonjo-Iweala, 59, was wearing a bright green head-wrap and matching cotton dress, the traditional garb of Nigeria’s Igbo ethnic group. “Blumberg Grain,” she said, adjusting her wire-rim glasses, “$250 million investment.”

April 14, 2014 - Agric attracts $9bn investments — Adesina

To fix the storage segment for all value chains, the Ministry of Agriculture and Rural Development attracted Blumberg, one of the largest manufacturers of warehouses in the world, to commit to using Nigeria as the regional hub for manufacturing warehouses in West Africa.

April 13, 2014 - Blumberg Grain to invest $250m in grain storage in Nigeria

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala who disclosed this in Washington DC at the on-going International Monetary Fund (IMF) and the World Bank Group meetings, said the firm is working with the Minister of Agriculture and had sent a team to the country.

March 19, 2014 - Climate change hits your fridge

“We came face-to-face with the issue of post-harvest losses, which is an issue that is sort of lost upon the American public,” said food security expert David Blumberg, describing a 2010 trip to India that exposed first hand the enormity of food safety issues farmers face in developing countries against the weather.

February 24, 2014 - Staple Crop Processing Zones to add N1.4tri to Nigeria's economy – Minister

Download PDF WorldStage Newsonline– Nigeria’s Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has said that the Staple Crop Processing Zones will add N1.4 trillion to the GDP of the country. Speaking in Abuja at the inauguration of the Executive Leadership of the Nigeria AgriBusiness Group, he said the SCPZs will help to create […]

January 24, 2014 - U.S. REIT market, Americas Directorate Kageyama Michiko greet crucial stage in the rising interest rates

PDF (English) (Japanese) The Dow Jones Industrial Average fall continued significantly against the backdrop of uncertainty about the future of the world economy. REIT performance even after the turn of the year following the U.S. stock market correction is still compared to a year ago, at 18% higher levels. U.S. Real Estate Investment Trusts sector is […]

January 15, 2014 - Congo-Kinshasa: Blumberg Grain Continues Its Africa Expansion

Following the Nigerian Ministry of Agriculture’s recent contract for Blumberg Grain food security and storage systems, Blumberg Grain has also been chosen to provide its grain warehousing in the Democratic Republic of Congo (DRC). The DRC project includes the installation of the company’s Grain Vault product line with integrated security systems.

January 14, 2014 - Blumberg Grain Expands African Business Into DRC

Blumberg Grain, a leading US-based food security company has been contracted by the Democratic Republic of Congo (DRC) to provide grain warehousing services to its farmers after signing a similar contract with the Nigerian Ministry of Agriculture to expand the country’s food security and storage.

December 19, 2013 - Blumberg Grain Awarded Food Safety and Security Project by Nigerian Ministry of Agriculture

Reuters (PDF) MIAMI, Dec. 19, 2013 /PRNewswire/ — The Nigerian Federal Ministry of Agriculture and Rural Development announced it has awarded Blumberg Grain its project to expand food security and storage in Nigeria. The project calls for the turn-key installation of Blumberg Grain warehousing systems and technology, specifically the Arctic Vault and Grain Vault product lines […]

October 1, 2013 - Asian example perfectly suited to Africa

African Business (PDF) One of the most obvious ways of adding value to agricultural production is by processing that output within Africa. Pineapples can be canned for export and sugar can be refined locally but too much produce is exported in a raw state. The lack of manufacturing and processing in Africa is not restricted to […]

September 10, 2013 - Economic Summit Offers Blueprint to Unlock Nigeria's Agric Potential

THISDAY LIVE (pdf) Speaking at the signing of a Memorandum of Understanding (MoU), the Minister of Agric. Adesina said the federal government would establish 800 warehouses across the country, which is at least one warehouse in every local government area in Nigeria. He added that the Federal Government would create an Agriculture Information System to […]

September 3, 2013 - David Blumberg, Vice President & Director of Blumberg Grain, to Speak At the 19th Nigerian Economic Summit On the Potential to Reduce Post Harvest Losses and Proliferate Commodities Exchanges in Africa Through Blumberg Grain Systems

Food Safety News Today (PDF) The Nigerian Economic Summit Group, Nigeria’s leading Think-Tank on economic policy and private sector development, will be hosting its 19th Economic Summit from 3rd – 5th September 2013. Nigeria’s agriculture is undergoing massive restructuring and transformation with focus on growing agriculture as a business. The goal is to turn Nigeria […]

August 22, 2013 - 60 Second Interview with Philip Blumberg

Cityscape Global Q. How can real estate companies in the UAE and wider Middle East bounce back from the economic crisis a few years ago? In order to restore economic stability in much of the Middle East and North Africa, sustained political stability and resolution of the discontent, spread of revolt and threats of terrorism […]

July 18, 2013 - Blumberg Grain Executes Letter Of Intent To Expand Its Agricultural Investments To Nigeria With $250 Million Commitment

The Wall Street Journal-MarketWatch (PDF) Investment to Include Agricultural Warehousing, Large Scale Production and Manufacturing, and Development of Processing and Packaging Facilities LAGOS, Nigeria, July 18, 2013 /PRNewswire via COMTEX/ — In cooperation with the Government of Nigeria, Blumberg Grain has executed a Letter of Intent (LOI) for a $250 million investment program in the Nigerian […]

July 12, 2013 - Blumberg Grain to Set Up Export Hub in West Africa

The Government of Ghana and Blumberg Grain have concluded a Memorandum of Understanding to cooperate in the undertaking of the company’s West Africa manufacturing plant and export hub, which the government of Ghana is proposing to be located in the northern regions of Ghana.

July 9, 2013 - Government of Ghana and Blumberg Grain Execute MOU for Manufacturing Plant and Export Hub in West Africa

The Government of Ghana and Blumberg Grain have concluded a Memorandum of Understanding to cooperate in the undertaking of the company’s West Africa Manufacturing Plant and Export Hub, which the government of Ghana is proposing to be located in the northern regions of Ghana.

June 10, 2013 - Blumberg Grain Joins GGC to Improve Grain Storage

Ghana Business & Financial Times (PDF) Leading US-based grain company Blumberg Grain has joined the Ghana Grains Council (GGC) Warehouse Receipting System (WRS) to improve grain storage in the country. As a leader in the industry, Blumberg Grain will provide state-of-the-art food safety and security systems to consolidate efforts of the WRS for increased efficiency […]

May 2, 2013 - Interview: Philip Blumberg Says Egypt's Market Is Preferable To US Companies

Amwal Al Ghad (PDF) Amwal Al Ghad English has had an interview with Mr. Philip F. Blumberg over the investments of US companies in the Egyptian market, specifically the US Blumberg Capital Partners Company. Mr. Philip F. Blumberg is founder, Chairman and Chief Executive Officer of the Blumberg Capital Partners group of companies. Mr. Blumberg […]

May 1, 2013 - Blumberg Grain: Bringing Opportunities to Africa's Agriculture Market

Recently Africa Agribusiness Magazine had the pleasure of speaking with Philip Blumberg, Chairman and CEO of Blumberg Capital, to discuss how their agriculture initiative, Blumberg Grain, can provide innovative solutions to Africa.

March 4, 2013 - Business Today Egypt Q&A with Philip Blumberg

“Kick-starting Egypt’s economy with economic development projects is the key to increasing construction and real estate activity.”

February 21, 2013 - Q&A With Philip Blumberg

Cityscape EGYPT 60 SECOND INTERVIEW Q. What is the biggest challenge for Egyptian real estate market this year? A. The biggest challenges to the real estate market are intertwined with the challenges that face Egypt. With the severe slow down in the Egyptian economy including financial, tourism and construction sectors, the natural outcome for real […]

January 21, 2013 - Blumberg Grain Makes Ghana A Finalist For West African Manufacturing Hub

The Ghanaian government has received news of an impending investment decision to possibly locate a multi-million dollar Manufacturing Plant and Export Hub here in Ghana from the world acclaimed agricultural warehousing giant Blumberg Grain.

December 13, 2012 - Blumberg Grain to Establish Manufacturing Hub for High-Tech Grain Storage Systems in West Africa

Blumberg Grain announced plans to build a first-of-its-kind manufacturing plant and export hub in West Africa. The investment is expected to create more than 1,000 jobs and generate exports of more than US$1.25 billion for the selected host country.

July 30, 2012 - Blumberg, Sub-Sahara Commodities to Invest in Ghana's Grains, Warehousing Receipt System

Talks are far advanced between global player, Blumberg Grain and Sub-Sahara Commodities, a wholly-owned Ghanaian business, in sealing a partnership deal for a multi-million-dollar investment in Ghana’s grain production, storage and distribution industry, an official said on Friday in Accra.

July 4, 2012 - Blumberg Grain, a division of Blumberg Capital Partners, to Open 5 Manufacturing Plants & Export Hubs as Part of its Asia, Middle East-North Africa (MENA), Middle East-South Asia (MESA), and Sub-Saharan Africa Expansion Plans.

Currently, up to 50% of worldwide crop yields are lost annually due to lack of proper storage facilities. Accordingly, the demand for modern grain storage systems is a priority across the globe.

March 2, 2012 - Despite economy, giving up at UNC, Duke

Philip Blumberg, chairman and CEO of Blumberg Capital Partners in Coral Gables, Fla., who was profiled in a UNC Office of University Development report, says he wanted to support the university to improve both the physical campus and campus life.

November 23, 2011 - UNC: Profile in Giving 2011

Attending UNC is our family tradition. And a very good one; for three generations it’s the only university that all Blumberg family members have attended. And very proudly so,” said Philip Blumberg, chairman and CEO of Blumberg Capital Partners, a leading U.S. investment manager in real estate, commodities and infrastructure. “Whenever my sons and I […]

May 26, 2011 - Philip Blumberg on CNBC Squawk Box 5/26/11

Commodity pricing has a huge effect on commercial property prices and commodity prices help to drive up the price of office real estate, Philip Blumberg, founder and Chairman, Blumberg Capital Partners told CNBC.

October 28, 2010 - Philip Blumberg on CNBC Asia Squawk Box 10/28/10

The commodities market is one that investors need to be involved in, says Philip Blumberg, CEO of Blumberg Capital Partners. He told CNBC’s Martin Soong & Adam Bakhtiar that he is concerned about China’s growth trajectory.

October 20, 2010 - Philip Blumberg on CityscapeTV 10/20/10

An Interview with Philip Blumberg, Chairman & CEO at Blumberg Capital Partners, at Cityscape Global 2010 for CityscapeTV:

October 8, 2010 - Philip Blumberg on CNBC Europe Squawk Box 10/8/10

“I think places like Dubai still have a few years to go before they can wash out enough inventories so it makes sense from an investor perspective,” Philip Blumberg, chairman and CEO at Blumberg Capital Partners told CNBC on real-estate prices in the Middle East.

August 16, 2010 - Philip Blumberg on CNBC Asia Squawk Box 8/16/10

The U.S. commercial office market is offering the best discounts in decades, notes Philip Blumberg, chairman & CEO of Blumberg Capital Partners. He shares his analysis with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.

June 22, 2010 - Philip Blumberg on CNBC Asia Squawk Box 6/22/10

Derivatives are great investments, says Phillip Blumberg, chairman & CEO of Blumberg Capital Partners. He explains why he is using derivatives to hedge against rising energy costs when investing in real estate, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.

June 8, 2010 - Saudi real estate market poised for strong growth

The US-based Blumberg Capital Partners is exploring opportunities in Saudi Arabia and some of the GCC (Gulf Cooperation Council) countries to develop strategic relationships in investments. The Saudi real estate market, unlike many around the world, is poised for strong growth, Philip F. Blumberg, founder and chief executive officer of Blumberg Capital Partners, said.

May 20, 2010 - Philip Blumberg on CNBC Asia Squawk Box 5/20/10

Too Much Regulation is Unproductive: Philip Blumberg, chairman & CEO at Blumberg Capital Partners on Asia Squawk Box with CNBC’s Karen Tso and Martin Soo

May 19, 2010 - Blumberg Capital looks to invest $100 mn in India

US-based realty fund manager Blumberg Capital Partners plans to invest $100 million (Rs456 crore) in residential and commercial projects in smaller Indian cities, but fears that corruption and some non-standard practices prevalent in the Indian realty sector may deter investors.

May 16, 2010 - Over the next 3 years, more than $1.4 trillion in commercial loans to come due; bad debt on the rise

According to real estate investment firm Blumberg Capital Partners, the value of loans that will come due in the four year period from 2010 – 2013 is more than $1.4 trillion. It’s possible that if the trend of extending payback periods for borrowers who are unable to raise sufficient capital continues, that number will grow even more in the future.

March 25, 2010 - Johnny Winton panelist at the IMN 2nd European Distressed Real Estate Symposium in London

Johnny Winton, President of Blumberg Capital Partners (, will participate at the IMN 2nd European Distressed Real Estate Symposium panel “U.S: Will the Economic Recovery be “V-shaped” or “W-shaped”? Will the Property Markets Follow?” on March 25-26, 2010.

March 18, 2010 - Investors venture back into Gulf region

Philip Blumberg, the founder and chairman of Blumberg Capital Partners, said: “Abu Dhabi is overbuilt and there are a lot of buildings coming on line, but we see opportunities to develop a building here that caters to a niche market.”

March 14, 2010 - Praising the stability of the investment climate and the urban planning in the Sultanate

Blumberg Capital Company offers the latest designs and development management in the Omani market. Philip F. Blumberg stated that “Oman enjoys wise leadership, a good investment climate and prudent economic policies, all of which encouraged me to come and invest, expanding the horizons of cooperation with businessmen, companies and government agencies involved in hotels and administrative offices, intending to form genuine partnerships with all parties.”

March 13, 2010 - Blumberg plans big for Oman

BCP plans to build a new office complex in Muscat with an option to build a hotel within the same compound as the Sultanate’s economy proved to be stronger for its size in the region, chairman and chief executive officer, Philip F Blumberg said after meeting government officials and top business families in Oman.

March 11, 2010 - US-based Blumberg to invest $400min GCC and Brazil

Blumberg Capital Partners, a US-based investment management company, said it will invest around $400 million (Dh1.47 billion) into developing office projects in the GCC countries and Brazil through its newly-launched $1 billion off-shore real estate fund, company’s chairman told Emirates Business.

March 10, 2010 - US firm targets Gulf with $1bn property fund

Blumberg Capital Partners, a leading US-based investment firm, has launched a $1bn commercial real estate fund to capitalise on distressed properties in the US, the Gulf and Brazil, the firm’s CEO has said.

March 9, 2010 - Commercial property funds tipped to provide 25% return over three years

Investment International Commercial property could provide investors with a handsome 25% return over three years, it is claimed. According to Scottish investment firm Standard Life Investments building a diverse portfolio stretching across the globe could produce significant returns relative to the likes of corporate bonds. In its latest quarterly briefing, SLI said capital was beginning […]

February 24, 2010 - Homes rule for India

India offers stable and higher returns in the longer term and this has caught the attention of Philip Blumberg, chairman and chief executive of US-based Blumberg Capital Partners. Blumberg is raising a $1bn fund for the US, of which $300m will be deployed overseas.

February 23, 2010 - Philip Blumberg on CNBC Business Arabia 02/23

Philip Blumberg on CNBC Arabia 02/23

February 15, 2010 - People@Work: Washington's Birthday Off? Many Would Prefer Their Own

When asked to rank their top choice of company-sponsored holidays among several days typically included among “floater” days, nearly half of office workers surveyed said they preferred to take off their own birthdays, according to a 2007 poll conducted by Blumberg Capital Partners.

February 4, 2010 - Commentary with Blumberg Capital Partners' Philip F. Blumberg

Will Obama’s new financial plan hamper the industry? Phillip F. Blumberg, chairman and CEO of Blumberg Capital Partners based in Coral Gables, FL, believes aspects of the plan may actually help move us through the slog of troubled assets.

December 14, 2009 - Blumberg Capital plans to invest in office space in Delhi & Mumbai

Philip F Blumberg, chairman and chief executive officer, Blumberg Capital Partners, discusses his company’s investment plans for India in an exclusive interview with Moneylife

December 10, 2009 - Philip Blumberg on CNBC's Cash Flow 12/9

Philip Blumberg, founding chairman & CEO of Blumberg Capital Partners, sees signs of a turnaround in India’s real estate sector. He sheds more light on investing in this sector, with CNBC’s Oriel Morrison.

August 21, 2009 - Blumberg to Market $1 Billion Fund

Blumberg Capital Partners is scheduled to kick off a roadshow next month aimed at raising $1 billion of equity for a fund that would invest in distressed assets. Market players said that company founder Philip Blumberg will open talks with sovereign wealth funds and other foreign investors after Labor Day.

August 10, 2009 - From Policy to Progress?

For an investor like Blumberg, a firm statement that the government is focused on the asset, not the entity receiving the financing, would help him feel confident about partaking in TALF or PPIP, as would a halt to further changes, he says. “These kind of statements would drive the CMBS market into an improved situation with regard to pricing and we wouldn’t be guessing what’s going to happen tomorrow.”

July 29, 2009 - Equity in US commercial property may evaporate

“By the end of 2010 you’ll have begun to see terrible, terrible capital structure disintegration,” said Philip Blumberg, chairman and chief executive of Blumberg Capital Partners. “The first thing to go is the equity.” About $165 billion of commercial mortgages this year will mature and need to be refinanced or sold.

July 27, 2009 - Still early to buy U.S. commercial real estate

“It’s still early to be buying American commercial real estate.” In an interview with Veritas, Philip Blumberg, CEO of Blumberg Capital Partners, expressed his view that the U.S. commercial real estate market still has a way to go before bottoming out.

June 24, 2009 - Reuters CRE Report with Philip Blumberg 6/23

Philip Blumberg, speaking at the 2009 Global Real Estate Summit in New York, says “it’s no wonder why these commercial banks aren’t lending.” Separately, Blumberg says he expects to make some investments in the London property market where “they’ve taken writedowns and are closer to the bottom.”

June 22, 2009 - Philip Blumberg on Reuters 6/22

“As the market begins to de-lever, as it begins to reflect real prices, and as the effects of this recession (or depression) come into play in commercial real estate leases, we’re going to see the disparity between what was paid 2-3 years ago and what is paid by next year at levels and spreads we haven’t seen before.”

June 17, 2009 - Fund Managers Brace for Changes in Dealings with Investors

Blumberg Capital Partners, a value-add debt and equity investor in Coral Gables, Fla., is launching a closed-end fund and its chairman, Phillip Blumberg, expects its limited partners to set restrictions on the use of debt financing. He also expects those co-investors to seek terms that would enable them to cash out of the fund early, even though closed-end funds typically require investors to commit for their full life cycle.

June 8, 2009 - Starwood Seeks $500M IPO to Buy Bad Real Estate

Phillip F. Blumberg, the chairman of Blumberg Capital Partners, recently estimated that between 2010 and 2013 roughly $1 trillion in commercial real estate loans will mature and need to be refinanced, he said in an interview.

June 3, 2009 - A Conversation With… Blumberg Capital Partners' Philip Blumberg

We are clearly looking to make investments in the US debt markets. I think there are some outstanding opportunities on the debt side. That means buying existing loans at significant discounts where you feel you’re within a margin of safety and can generate double-digit returns.

June 2, 2009 - Philip Blumberg on Squawk Box Europe 6/2

“It’s difficult to refinance in a credit crunch, but it’s also difficult to refinance when you bought at peak market and you lay around 80-85% financing. It’s irresponsible.”

May 20, 2009 - Banks Worry About Next Wave of Loan Defaults

Blumberg estimates that $236 billion in commercial real estate loans that were turned into securities will need to be refinanced in [the 2010-2013] period and that $67 billion of that amount will be lost. “We are on the brink of one of the worst commercial real estate financing markets ever,” he said.

May 19, 2009 - Blumberg and Maguire See Nothing but Gloom Ahead for Commercial Real Estate Markets

Despite some recent highly publicized signs of economic improvement, two of the savviest commercial real estate strategists in the U.S. today see nothing but gloom ahead for the commercial real estate markets.

May 14, 2009 - Philip Blumberg on CNBC's Squawk Box 5/14

“The real story isn’t the performance in the market, it’s the debt. Think about this: in the next three years, 2010, which is when it really starts, to 2013, we’ve got about $300 million CMBS, of which $70-100 billion is not re-financeable.”

March 4, 2009 - From Campaign Promises to Policy

“What does a public-private partnership really mean? And what strings are attached?” questions Philip Blumberg, chairman and CEO of Blumberg Capital Partners. The Coral Gables, FL-based executive is indeed intrigued by the possibility of coupling federal money with one of his own funds to acquire distressed debt or issue new debt.

February 26, 2009 - Philip Blumberg on CNBC's Squawk on the Street 2/26

“All you have to do is track job losses because they’re the leading decline in commercial property space. If these job losses continue, you can track the commercial real estate market right against it.”

February 11, 2009 - US property investors cheer and boo Treasury program

The price of new loans under the plan may indirectly help set the price of older, riskier loans, said real estate investor Philip Blumberg, chairman and CEO of Blumberg Capital Partners. “It is confusing because it’s not clear,” he said. “There’s certainly not enough beef on the bones of this proposal.”

February 10, 2009 - Commercial Real Estate Industry Pleads for Federal Intervention

“Creating a refinancing stimulus is helpful to thaw the credit freeze, but these ticking debt time bombs will make it difficult for our public officials to get their arms around the problem,” says Philip Blumberg, chairman and CEO of the Coral Gables, FL-based firm.

January 21, 2009 - Commentary with Blumberg of Blumberg Capital Investors

Probably the only thing the government can do – it certainly can’t stimulate lending – is to create a stimulus package to bring some employment back. For commercial real estate, whether it’s office or retail, the concept of a stimulus package that puts people to work, creating a slightly better consumer economy and giving people reason to borrow, is probably the best role that government can play right now.

January 8, 2009 - REIT Outlook '09: Survival of the Fittest (And Most Liquid)

An analysis of real estate values, leasing and vacancy trends by Coral Gables, FL-based investment fund manager Blumberg Capital Partners shows that maturing debt obligations will come under even more stress in 2009, with leasing rates poised to drop an additional 20% to levels not seen since 2002, and with office vacancies potentially rising to 25% by the end of the year.

December 31, 2008 - Blumberg Capital Partners Chief Spotted the Crash and Exited Two Years Ago

Philip F. Blumberg may not have a crystal ball on his desk but says he spotted the current commercial real estate price drops two years ago and yanked his Blumberg Capital Partners company off the playing field.

December 30, 2008 - Commercial estate bailout needs 'painful deleveraging' to succeed

Blumberg Capital Partners’ new office market assessment, which takes into account the fresh economic data from the past two months, comes on the heels of its widely cited prediction in October that commercial real estate prices in 2009 could drop some 20 percent further- – on top of an anticipated 15 percent drop this year.

December 29, 2008 - Fundamentals Worsen as CRE Industry Eyes Bailout Funds

A new report by investment fund manager Blumberg Capital Partners, found that maturing debt obligations will come under even more stress in 2009 with leasing rates poised to drop an additional 20%. Office vacancies could potentially rise to 25% by the end of the year, and take until 2011 to stabilize.

December 24, 2008 - Philip Blumberg on CNBC's Closing Bell 12/23

If you look at the commercial market, much of that risk was induced by borrowers who were buying at peak pricing, who were levering up to 90%, and who don’t want to be responsible for the outcome of that kind of investment strategy in a down market. That doesn’t seem very fair to me.

December 23, 2008 - Blumberg Capital Partners Forecast Shows Any Commercial Real Estate Bailout Needs "Painful Deleveraging" to Succeed

Key fund manager predicts debt time bombs to worsen with leasing rates poised to fall an additional 20% next year to lowest levels since 2002.

December 10, 2008 - Philip F. Blumberg Formalizes Americans for Veterans as a Non-Profit Organization

The recent economic downturn has led Philip F. Blumberg to launch Americans for Veterans by contributing an initial $500,000 and start up costs for the organization, a contribution geared to attract contributions from individuals and companies across the United States. As a private sector initiative, Americans for Veterans brings to the cause a business perspective with a focus on providing grants or low cost loans, job training and placement for servicemen and women returning to civilian life from combat locations.

November 27, 2008 - Free drinks dry up as business media meets Wall St

New York’s business media discovered a tangible consequence of the financial crisis last Friday: no more free drinks at their annual black-tie gala. The reason? The New York Financial Writers’ Association, which holds the Follies at the Marriott Marquis Hotel in Times Square, could not get anyone to sponsor the $25,000 tab.

November 25, 2008 - Philip Blumberg to Speak at the Distressed Residential Real Estate Symposium

The Information Management Network has organized the leading industry event geared towards Distressed Residential Real Estate Buyers & Sellers, inviting Philip Blumberg of Blumberg Capital Partners to join its panel of experts discussing opportunities in the sector.

November 6, 2008 - Philip Blumberg on FBN's Happy Hour 11/4

“The worst thing you can do is have profit-taking in this kind of environment, where people disinvest in the economy, an over-levered economy. That’s the wrong way to go. I’m hoping that Obama is a pragmatist enough to know that what he had to say to get elected may not be the same view he has once he is elected.”

« Previous Entries