Michael Pralle is President and CEO of GE Commercial Finance Real Estate. Prior to this, he served as President of GE Equity.
Pralle previously was President, GE Capital Asia Pacific, where he supervised GE Capital's activities in 15 countries across North and Southeast Asia. He has also served GE Capital as Vice President and General Manager of Distribution Financial Services. Pralle joined GE Capital in August 1989 as Vice President, Business Development on the corporate headquarters staff responsible for M&A activities for half of GE Capital businesses.
Prior to joining GE, Pralle spent six years with management consultants, McKinsey and Co., in their London and Hong Kong offices.
Michael Pralle graduated magna cum laude from Harvard University with a B.A. in Economics, and received an M.B.A. from the Stanford Graduate School of Business.
Another important phenomenon which bodes well for owners of real estate. It's difficult for developers, but good for owners, is rising construction costs. We're seeing construction costs rising 20 to 30 percent this year. And that is driven by significant price increases in the cost of concrete a...(Full transcript available to logged in subscribers.).
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