By Conrad Koneczny - Nothing is as simple as it seems, and hiring the right advisor is no different. The landscape of the commercial real estate industry has changed dramatically over the years becoming increasingly complex. As you have no doubt surmised from the color of my beard, I’ve been at this a while…more than 35 years to be precise.
Archive for January, 2009
By Gibson Kerr
Buy, Sell, Refinance, or Do Nothing? Real estate owners and investors always have choices. In times of uncertainty like our current environment, the majority of people opt to do nothing. Whether it is because people are gripped with fear or as a result of historically weak market dynamics, the number of closed property sales dropped precipitously in 2008. What should you, as an owner and/or investor, consider as we enter 2009 amid continued uncertainty? Here are some questions you should ask yourself:
By John Johnson, CCIM, CPA
“Distressed Assets Done Right” - While many brokerage firms have been rushing to create a distressed assets practice, Sperry Van Ness has been in the business for years. Unlike other firms that have banded together thinly staffed, disparate groups of brokers trying to cash in on what’s likely to be a flood of non-performing assets hitting the market, we take a different approach…In today’s post I’ll share why we’re different, and what you should look for when engaging a firm to assist you with distressed assets.
By David Baird - “Multifamily opportunities in 2009 will be abundant.” It doesn’t take a rocket scientist to understand that when tough times hit the for sale sector of the housing market (owner occupied single family homes), that the multifamily/apartment sector is a direct beneficiary. In today’s post I’ll make the case for aggressively pursuing multifamily investments in 2009…
As the national director of the multifamily practice for Sperry Van Ness, I have more than 30 years of experience including more than 300 completed transactions totaling more than $2 Billion dollars. Suffice it to say, I have been through a few economic cycles and have witnessed the best of burgeoning markets, and the worst of depressed markets. I have one piece of advice for you in 2009: invest in multifamily now…
By Miguel de Arcos
HAPPY NEW YEAR…Finally! Last year was a rough one for most of us in the commercial real estate business in Florida as the economy took some sudden and unexpected turns. Recession, stock market crash, housing bubble burst, massive job losses, and the bankruptcy of some of the most prestigious firms on Wall St. So what’s in store for the greater Orlando commercial real estate markets in 2009?
The good news is that Florida commercial real estate markets can only go up from here…While I don’t believe we’re likely to see a total recovery in 2009, I do believe Orlando and the surrounding sub-markets will see consistent forward progress.