December 2021
Feature Article
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COVID-Induced Surge in Housing Demand Continues to Impact Commodity Wood Pricing
Since early 2020, the market for commodity wood products has witnessed greater price volatility than at any time in the last 25 years. A confluence of historic events—COVID-19, surging demand, and supply chain disruptions—has led to once-in-a-generation swings in commodity prices. While prices have since normalized, housing appears likely to remain strong into the next […]
More from this Issue
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Real Estate: Market Dynamics and Strategies to Navigate the Post-Pandemic Environment
While I was writing this guest editor’s column for the Journal of Corporate Renewal, two large Chinese real estate companies, China Evergrande and Modern Land, were making headlines as potential restructurings. Is this a sign that there will be broader implications across the global economy? The capital markets in the U.S. are still on fire […] -
TMA Made Great Strides During Year of Certain Uncertainty
As we close out the year of certain uncertainty, I want to offer a retrospective on where we were to where we have come this past year, along with the story of our reinvention at TMA. The first phase of our reinvention was what we called our “pivot with purpose.” The pivot meant we would […] -
All Things Considered, I Wouldn’t Change a Thing
Greetings, and welcome to my last official piece as Global Chair for this publication. Trust me, the quality of writing every other month is about to vastly improve! I hope each of you were able to enjoy The TMA Annual in Nashville. The near-record turnout was especially impressive given the COVID climate we were in, […] -
COVID-Induced Surge in Housing Demand Continues to Impact Commodity Wood Pricing
Since early 2020, the market for commodity wood products has witnessed greater price volatility than at any time in the last 25 years. A confluence of historic events—COVID-19, surging demand, and supply chain disruptions—has led to once-in-a-generation swings in commodity prices. While prices have since normalized, housing appears likely to remain strong into the next […] -
Hopeful Signs and Dire Omens: The Complex Calculus of Real Estate Optimization
With fiscal Q4 now underway, turnaround and restructuring professionals could be forgiven for feeling somewhat ambivalent—or even confused—about the state of key components of the American economy. After all, the news—both macroeconomically and in specific sectors such as office, retail, or family entertainment/movie theaters—tends to be a mix of both hopeful signs and dire omens. […] -
Retail, Real Estate & COVID-19: Pandemic Workouts & Predictions for the New Normal
The onset of the COVID-19 pandemic was too much for many businesses to bear. In the words of Warren Buffet, “Only when the tide goes out do you discover who’s been swimming naked.” When the tide went out in March 2020, restructuring demands were exacerbated for certain real estate players. The result was a spike […] -
Meeting Customers’ Shifting Expectations Is the Next Big Retail Real Estate Restructuring Challenge
For the past decade, much has been written about the transformation of retail—specifically, what it implies for the future of traditional brick-and-mortar retail. The prime driver of this disruptive force has been the evolution of omnichannel retail, which is rapidly changing consumer expectations and behavior. Armed with greater access to information, convenience through technology, increased […] -
Continuing Evolution: Tom Pabst
Q: How did you gravitate into turnaround and restructuring work? Pabst: I got into the business in 1995 as CFO at Hilco. Hilco needed a CFO, and the owner pursued me for the better part of a year. The company that I had worked with previously was highly leveraged. I spent the better part of 10 […] -
Newcomers: December 2021
Arizona Ben Kirke, Resolute Commercial Services Gary MacDermid Atlanta Robert H. Barnett, Boston Consulting Group California – Northern David F. McReynolds, Five Crowns Capital Joseph Zagajeski, DSI California – Southern Ken Firtel, Transom Capital Group Doug Himmel, Melville Capital Kaitlyn Hittelman, UCLA Law School Bret C. Jacobs, The Keystone Group John Steinbrun Sharon Z. Weiss, Bryan Cave Leighton […]