Contributing Member of the Real Estate Councils

All News Analyses by this Author

Commercial Real Estate Still Alive but not neccessarily healthy

October 29, 2009

Analysis of:Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say | retailtrafficmag.com

Banks and other lenders are ill equipped to operate a failed mall, office building or hotel, once they have foreclosed on this type  of property.Shopping malls and other such buildings staying vacant brings no income and makes the property more difficult to sell.A good broker is the answer,  One who can find a buyer, negotiate a sale and limit the damage to the bottom line and the structure, itself.

You need a professional broker

February 18, 2009

Analysis of:Farewell to 'for sale by owner'? | money.cnn.com

I am a commercial real estate broker operating in North New Jersey.  My own daughter, owner of a one bedroom condo on the upper east side of Manhattan in a doorman type building with many amenities, has tried the 'for sale by owner' route without success.  It does not work any longer.  There is to much competition on the market, even in her own building of some 247 units.  Needed is one good professional broker, who knows what the competition has to offer, who can suggest a fair market price and then execute a sale close to the asking price.  Even with my help, I cannot show the competing apartments and aim a potential buyer to close on a purchase deal for her 23rd floor unit.  Individual people, not trained in the sophistication of selling residential units, cannot  give sufficient information to a potential buyer in order to get reaction leading to a legitimate offer.  A broker is needed.

Las Vegas Brief

June 6, 2008

Analysis of:LAS VEGAS REAL ESTATE: As high-rises grow, sales slow | www.lvrj.com

Las Vegas has a limited water and hydroelectric supply.  An aerial view of the main supply of water in Lake Mead shows that the water level to be down to almost critical levels.  Unless the Colorado River receives a large quantity of water runoff from the mountains to the north, it will within the foreseeable future, run dry. Another critical factor is that the major airlines have cut back on service to Las Vegas due to the price of fuel.  This could severely impact an already slowing economy.    The net result will be that all of the new condos and new hotel rooms will, in the future, have limited water, electricity and transportation thus reducing the value of these assets.

Page : 11 to 3 of 3