Archive for October, 2010

Upcoming November Auctions

Saturday, October 30th, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - We have some auctions coming up in November:

Triple Net & Send Me the Check!

Wednesday, October 27th, 2010

There’s a new player seated at the triple-net investment table, and its ante is being tossed-in from sales of dental floss, shop rags, and Spam to moderate-income Americana. The player, Dollar General Stores (NYSE:DG), is no stranger to the real estate investment community, but until this year its leases had mainly been attractive only to local, regional, or “one-off” purchasers. That changed in early 2010 when DG rolled out its latest investment product—the 15-Year NNN lease. These leases, which require no landlord responsibilities, have attracted sizable attention from institutional and national investors which had previously viewed DG leases as too cumbersome, unpredictable, and/or management-intensive.

Moody’s reports commercial property conditions improve

Wednesday, October 27th, 2010

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From Sperry Van Ness Accelerate Marketing | Atlanta, GA - According to Bloomberg, commercial real estate is “moving up.” This would help to confirm the sense we are also getting that conditions are improving. From our Sperry Van Ness associates nationally, activity is increasing. And more sellers are now ready to consider using auctions to move commercial real estate. The article begins:

Conditions in the commercial real estate market improved nationwide in the third quarter with all seven property types moving out of weak rankings, a study released by Moody’s Investors Services on Thursday showed.

100% Company-Wide Adoption of Social Media at Sperry Van Ness

Saturday, October 23rd, 2010

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Sperry Van Ness is the only global commercial real estate firm to have 100% company wide adoption of social media. We keep up with market conditions as they happen and broadening our reach to a real-time audience. Watch this video to learn why we believe in social media. It’s changing the way we do business.

svn_social_media_still

Big news about the lift on foreclosure freezes

Thursday, October 21st, 2010

 

 

 

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - We’re seeing many headlines this week on Bank of America’s and GMAC’s announcements that they will resume foreclosure filings. Coverage ranges from positive to indifferent to negative. Regardless, this news prolongs turmoil that is swirling within many banks, and continues to impact their stock prices.  Stock prices need to rebound for banks to feel comfortable in continuing to dispose of non-earning assets (foreclosed properties and non-performing loans).

Banks Restart Foreclosures via WSJ.com

Mortgage Securities Show U.S. Foreclosure Crisis Overblown: Credit Markets via Bloomberg

SVN Partners with AuctionPoint Online for Commercial Real Estate Auctions

Thursday, October 21st, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA - Earlier this year, Sperry Van Ness’ auction team, Sperry Van Ness Accelerated Marketing, inked a strategic partnership agreement with online commercial property platform AuctionPoint. Through this agreement, AuctionPoint will power all of Sperry Van Ness’ online auctions.

This partnership allows Sperry Van Ness to offer property-specific online auction websites complete with property details, pictures and due diligence materials.  Bidders can enter an auction room and register to place a bid, and brokers will be able to qualify each bidder.  On auction day, buyers place bids in real time, creating market efficiency through technology.

Commercial Real Estate Wanted: Retail / Shopping Centers

Thursday, October 21st, 2010

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From Tom Vincent, CCIM | Chicago, IL — We have a client looking for commercial real estate investment opportunities, specificially for retail/shopping centers listed at $3 TO $4.5 MILLION.  Below are the qualifiers:

LOCATION: Chicago, Dallas, Philidelphia, Ft Lauderdale & West Palm Beach

PROPERTY: Class B+ to A Centers only

Major Retail Hub Locations

Open CAP Rates

Please contact Tom Vincent, CCIM at (847) 963-1031 or email him at vincentt@svn.com.

FDIC is praised for plan to dispose of failed banks’ assets

Wednesday, October 20th, 2010

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From Sperry Van Ness Accelerated Marketing | Atlanta, GA — During last week’s Urban Land Institute fall meeting in Washington, DC, the FDIC was praised for it’s program for disposing of real estate from nearly 300 failed banks, which has totaled approximately $620 billion in assets.Builderonline.com reports the efforts of the FDIC:

The assets themselves have been a diverse bunch, ranging from massive portfolios of condo deals to single-family residential loans, REOs; and acquisition, development, and construction (AD&C) loans for residential and commercial projects…

Commercial Real Estate Wanted: Senior Housing Land

Wednesday, October 20th, 2010

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From Tom Vincent, CCIM | Chicago, IL — We have a client looking for commercial real estate investment opportunities, specificially for 3-7 acres of land designated for senior housing uses.

AREAS: Buffalo Grove, Wheeling, Libertyville, Des Plaines, Park Ridge, Vernon Hills, Glenview, Northbrook, Deerfield and Morton Grove, ILLINOIS.

ZONING: Will re-zone if need be. Owner must allow time for re-zoning. Will pay market price.

Please contact Tom Vincent, CCIM of Sperry Van Ness at (847) 963-1031 or email him at vincentt@svn.com.

Commercial Real Estate Wanted: Walgreens & CVS Drug Stores

Wednesday, October 20th, 2010

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From Tom Vincent, CCIM | Chicago, IL — We have a client looking for commercial real estate investment opportunities, specificially for Walgreens or CVS drugstores in Texas, Florida & Tennessee!  Below are the qualifiers:

  • 1031 Exchange preferred – Will look at all markets.
  • Rural markets are o.k.
  • $4.5 to $5.5 million

Please contact Tom Vincent, CCIM at (847) 963-1031 or email him at vincentt@svn.com

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