Editorial Board   Guest Author

Mr. Drury

Bob Drury

Senior Managing Director, CREXi

Bob Drury has been involved in the real estate industry since 1987, focusing primarily on acquisitions, re-development and dispositions of commercial real estate. Mr. Drury currently is Senior Managing Director at CREXi, overseeing growth of the company's transactional services including CREXi's Auction Platform and Elite Services.

Prior to joining CREXi in 2019, Mr. Drury was engaged to help grow the private client group at Auction.com Commercial, focusing on transacting third party and REO commercial asset sales. Prior to Auction.com, Mr. Drury was Sr. Vice President of Acquisitions/Development for Red Mountain Retail Group (RMRG) with the responsibilities of acquisitions and repositioning nationwide, sourcing transactions, underwriting cash flows, performing due diligence, and closings. In this capacity, Mr. Drury sat on the Investment Committee and oversaw all acquisition/development, and related staff. In his 13 years at RMRG, MR. Drury was involved in the acquisition and repositioning of 75 properties totaling more than 5 million square feet.

Prior to joining RMRG, Mr. Drury was a retail broker at Marcus & Millichap focused on retail investment sales and national corporate real estate services. Mr. Drury was also a Senior Manager at Ernst & Young Kenneth Leventhal Real Estate Group providing real estate consulting services to large national tenants.

Mr. Drury is a member of the International Council of Shopping Centers (ICSC). He also is on the board of the Orange County United Way Real Estate and Building Industry Committee. Mr. Drury attended Long Beach State University and holds a BS and a JD from Western State University College of Law.

Please visit http://www.crexi.com for more information.

Linkedin Profile: https://www.linkedin.com/in/bobdrury/

Mr. Drury can be contacted at +1 951-377-1987 or bob@crexi.com

Coming up in December 2020...

Hotel Law: Protecting Guest Privacy

Every business is obligated to protect their customers from identity theft but unfortunately, data breaches have become all too common. In an effort to protect a guest's right to privacy and to safeguard their personal data, the European Union passed a General Data Protection Regulation (GDPR) that could hold hotels legally liable for any breaches that expose a customer's sensitive personal information. Though the GDPR only pertains to EU citizens' data, any international business that mishandles their data can be legally responsible. Another legal issue of concern is the fight involving hotel "resort fees." Several states attorney generals have recently filed suit against two major hotel chains in an effort to litigate this practice. Their suit alleges that these companies are "engaged in deceptive and misleading pricing practices and their failure to disclose fees is in violation of consumer protection laws." The suit seeks to force the hotel chains to advertise the true price of their hotel rooms. There are several other legal issues that the industry is being forced to address. Sexual harassment prevention in the workplace is still top of mind for hotel employers-particularly in New York and California, which now statutorily require harassment training. Hotels and motels in California will also soon be required to train all their employees on human trafficking awareness. Immigration issues are also of major concern to hotel employers, especially in the midst of a severe labor shortage. The government is issuing fewer H2B visas for low-skilled workers, as well as J-1 visas for temporary workers. Though there is little hope for any comprehensive immigration reform, hotel lobbying groups are actively seeking legal remedies to alleviate this problem. These are just a few of the critical issues that the December issue of the Hotel Business Review will examine in the area of hotel law.