C&W MCF Practice Brochure

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Cushman & Wakefield Valuation & Advisory\'s Mission Critical Facilities(MCF) Practice Brochure - Miles Loo, Jr.

Cushman & Wakefield Valuation & Advisory\'s Mission Critical Facilities(MCF) Practice Brochure - Miles Loo, Jr.

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  • 1. Cushman & Wakefield Cushman & Wakefield MISSION CRITICAL FACILITIES PRACTICE Miles Loo, Jr. Managing Director, Valuation & Advisory National Practice Leader, Mission Critical Facilities Practice Phone 213-955-6416 | miles.loo@cushwake.com
  • 2. Real Estate Solutions for MISSION CRITICAL FACILITIES | Page 1 Looking to value your data center, colocation facility, or carrier hotel? Looking to engage an elite advisory team of mission critical facility specialists whose valuation experience stands unrivaled in markets throughout the North America and Europe? Look no further. The Cushman & Wakefield (C&W) Valuation & Advisory team is one of the world’s largest, fully integrated real estate valuation and consulting organizations, with more than 550 valuation professionals in 90 offices worldwide. Drawn from these ranks, our data center specialists operate as a elite and collaborative unit known as the C&W Mission Critical Facilities (MCF) Practice. Our MCF professionals understand the complexity of these assets and the nuanced interplay of variables required for an effective comparison of space. For example, data center rental rates—which far exceed the rates of most real estate—can vary widely based on: building infrastructure; location; tenant demand; available connectivity within the building; and, most importantly, power availability and cost. Corporations, institutional investors, and lenders alike turn to the MCF Valuation & Advisory team as their trusted advisors for critical debt and equity investment decisions regarding their mission critical assets and properties. Whether it be a single asset appraisal, portfolio valuation, or valuation for financial reporting, our team has the track- record and specialized expertise to meet your organization’s needs. MISSION CRITICAL FACILITIES 01001101010001101
  • 3. CUSHMAN & WAKEFIELD MISSION CRITICAL FACILITIES PRACTICE GROUP North America & Beyond Comprehensive coverage of primary and secondary North American markets and major markets in South America, Europe and Asia. The MCF Practice is geographically diverse, covering relevant markets throughout North America and partnering with technical property specialists in Europe, Asia, and South America. The Practice is also multi-disciplinary, drawing from all real estate disciplines and specializations. The common ground we share is our uncommon experience and expertise with data centers and technical properties. Our MCF specialists speak the unique language of data center owners and users. We understand the operational, mechanical, financial and regulatory considerations that impact these assets. And we attend the events, subscribe to the publications, and monitor the trends that shape the data management and computing power landscapes. Equally important, our work model is collaborative and networked, offering value through economies of scale. In effect, our clients are able to leverage the best practices, technical expertise, and market intelligence of our entire global team. That way, your team can rest assured that the solutions we put forward to secure and manage your mission critical facilities, are the most trusted and advanced solutions available anywhere. Atlanta Boston Chicago / Rosemont Dallas DC / Northern Virginia Denver Houston Los Angeles NORTH AMERICA Minneapolis MCF Member Locations Montreal Northern New Jersey New York Metro Philadelphia Phoenix Salt Lake City San Francisco / Silicon Valley Seattle Toronto Beijing Hong Kong London GLOBAL Mumbai MCF Partner Locations Primary market C&W office Sao Paulo Secondary market MCF member coverage Singapore Tokyo Real Estate Solutions for MISSION CRITICAL FACILITIES | Page 2
  • 4. Specializing in Our Services VALUING Data Centers Appraisal Appraisal Review Can you afford downtime? Appraisal Management Asset Impairment Analysis Data centers are extremely expensive to construct. In order to Bankruptcy Support operate and maintain these facilities, specialized skills are required to achieve the necessary reliability and uptime for the equipment Corporate Planning and network infrastructure. Debt Valuation Unplanned events, such as an outage or systems failure, will disrupt Development Advisory operations, compromise your company’s reputation, and risk the loss of business. In choosing a firm to value a mission critical facility Due Diligence or advise you in its regard, you need not assume additional risk. Expert Testimony This sensitive work calls for specialization and the C&W Mission Expense Analysis Critical Facilities Valuation & Advisory team is the most experienced Fair Value Measurements in the industry. In the last few years, our team has been engaged in more than 110 appraisal and consulting assignments in markets Cost Benefit Analysis throughout the United States, Canada, and Europe. Highest and Best Use Analysis Theses assignments constitute more than 22.5 million square feet of Impact Studies rentable space and nearly 9.0 million square feet of technical/ raised Litigation Support floor space and have involved the following property types: Market Studies – Telecommunications facilities Mergers and Acquisitions Support – Carrier-neutral hotels Operation Reviews – Colocation facilities – Wholesale data centers (fully conditioned) Portfolio Valuation – Powered shell data centers Property Tax Consulting Purchase Price Allocation This body of ongoing experience with mission critical facilities— unrivaled in the industry—affords our team unique insights into the Rent Studies data center market. The data we have assembled, coupled with our Proforma Reviews extensive research and market knowledge, gives us real-time advantage in helping our clients to make sound business decisions. Valuation for Financial Reporting Avoid the risk. Select a team whose core competency is data centers. Real Estate Solutions for MISSION CRITICAL FACILITIES | Page 3
  • 5. Real Estate Solutions for MISSION CRITICAL FACILITIES | Page 4 Depth of Resources In addition to our sector- and asset-specific experience and comprehensive geographic coverage, the MCF Practice offers clients further advantages and value through its unique depth of resources. Database of Mission Critical Properties Our North American database includes (a) existing built-out data centers for sale or lease; (b) colocation facilities; (c) powered shells; and (d) proposed development sites. More intelligence, on more markets, means more informed decision-making during your site- selection process. In-House Facilities Management Expertise Globally, C&W manages more than 20 million square feet of technology space and nine million square feet of raised-floor data centers. We draw on the practical experience of our in-house management and engineering personnel to deepen our technical knowledge of these facilities. The depth of our transactional due diligence reflects this commitment. Incentives Optimization The MCF team partners with C&W’s in-house incentives specialists to ensure clients make the most of state and local incentive and tax abatement opportunities. Our approach is exhaustive, exploring and negotiating discretionary cash grants; real estate tax abatements; utility costs reductions; employment and investment tax credits; enterprise zone benefits; and more. Your cost mitigation efforts will be the better for it. Build-out and Project Management Expertise Our project management professionals are experts on mission critical facility construction and build-out scope development; team selection; cost and schedule management; and installation and commissioning. Their advanced understanding of technical and design requirements can be leveraged to great effect during site selection and negotiations. Breadth of Experience In total, the MCF Practice professionals have provided real estate solutions to more than 120 companies and entities in North America in recent years. We specialize in a variety of technical properties and services clients—both owners and users—from a broad range of industries. Client Industries Client Assets Fortune-500 leaders Hosting companies Data centers Banks IT services firms Colocation facilities Cable companies Managed service providers Powered shells Content providers Network providers Trading floors Education institutions Technology companies Control centers Financial services providers Telecommunications firms Network operations centers C&W MISSION CRITICAL FACILITIES PRACTICE
  • 6. Real Estate Solutions for MISSION CRITICAL FACILITIES | Page 5 Miles Loo, Jr. Managing Director | Valuation & Advisory National Practice Leader | Mission Critical Facilities Practice Group Miles Loo, Jr. serves as Managing Director in the Valuation & Advisory Group of Cushman & Wakefield, where he had previously served as Director and Associate Director. He has 15 years experience in appraising Class A-trophy office buildings, industrial parks, luxury apartments, and large-scale retail and entertainment centers, as well as 12 years experience in appraising and consulting on technology-related real estate. Cushman & Wakefield's Valuation & Advisory Group has been actively involved in the appraisal of institutional and corporate related properties for over 30 years and is internationally recognized as the industry leader in valuation. C&W is the premier valuation firm in the industry and is well known for its high quality appraisal standards. With over 550 valuation professionals in 90 offices around the world, Miles was recently promoted to National Practice Leader for the Valuation & Advisory arm of the company's Global Mission Critical Facilities Practice. Over the past four (4) years, Miles has provided valuation services for major facilities owned/operated by 365 Main, AIG, AT&T, Bank of Montreal, CRG West, DCI Technology, Digital Realty Trust, DuPont Fabros, Equinix, HSBC, IBM, Lehman Bros./Barclays, Level 3, SAVVIS, i/o Data Centers, Stream Realty, Switch & Data, Switch Communications, Quality Technology Services, U.S. Bank and Verizon. He has also appraised an Uptime Institute Site Certified Tier IV facility; there are only 4 certified sites in the world. These studies have been used in conjunction with real estate portfolio valuations, due diligence support, internal planning, and acquisition/construction financing purposes. In addition, Miles is a Practice Leader in Cushman & Wakefield's Global Mission Critical Facilities (MCF) Practice Group and serves on C&W's MCF International Committee in expanding its global platform all throughout the European, Asia Pacific and South American regions. He was also a Silver Sponsor at Tier1 Research's 2009 Datacenter Transformation Summit in Santa Clara in December 2009 and an invited panel speaker at the 2008 Hosting Transformation Summit in Las Vegas in September 2008. Miles has been active in the appraisal of real estate since 1995 and holds a Bachelor of Science Degree, Business Administration with an emphasis in Pre-Legal from California State University, Los Angeles. He is an Associate Member of the Appraisal Institute, Affiliate Member of the CFA Institute, Affiliate Member of the International Council of Shopping Centers, California Licensed Real Estate Broker, and a Certified General Real Estate Appraiser in the States of California, Arizona and Georgia. Phone 213-955-6416 | miles.loo@cushwake.com MISSION CRITICAL FACILITIES 01001101010001101
  • 7. a partner in Cushman & Wakefield The Mission Critical Facilities Practice draws on the considerable resources of the world’s largest privately held commercial real estate services firm. A partner in the Mission Critical Facilities Practice is a partner in Cushman & Wakefield. Cushman & Wakefield Longevity More than 90 years of innovative real estate solutions. Cushman & Wakefield Presence 231 offices, 58 countries, more than 13,000 employees. Cushman & Wakefield Breadth From leasing to property management, global supply chain consulting to investment and financial services; Cushman & Wakefield’s service delivery platform is comprehensive and integrated.