GlobeSt.com: Define the breadth and depth of Wells Fargo for us.
Blakey: On an annual basis, Wells Fargo collectively generates $34 billion or $35 billion in new loan production through three different areas of wholesale banking: commercial mortgage, which is my area, and two other related real estate organizations. One is the real estate group, headed by Larry Chapman. The other is real estate merchant banking, headed by Mike Myers. Commercial mortgage represents roughly a third of the $35 billion, but the dominant dollar volume comes from the real estate group. It's the most established real estate operation within Wells Fargo; it's existed as a discreet business unit for some 30 years. The other two have been around for about 10.
GlobeSt.com: What are their specialized focuses?
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
