Commercial Market Boom & Bust - This graph tells it all
Tuesday, November 24
Can you say “BUBBLE”?Here is a bar graph of US Commercial Property Sales closed from January 2000 to June of 2009. It so clearly tells a tale of Boom and Bust. A picture is so worth 1000 words. Interestingly the peak is earlier than you might think. It is centered around April of 2005 - April o...
TV Ads for Commercial Property Auctions - a buy signal or sign the end is near?
Friday, November 20
Last night I was watching television when an ad came on - in prime time - promoting a foreclosed/distressed Commercial Property Auction. “Who wants to by an empty Home Depot location … step right up”I thought to myself, “This really is a sign the end is near - meaning it is seriously time to buy!...
Silverdome Sells for 10 Cents on the 1975 Dollar!
Wednesday, November 18
The Pontiac (MI) Silverdome - former home of the Detroit Lions - just sold for $583K. That is not a typo …. $583,000It cost $54M to build in 1975. Just think what that is in today’s dollars !! The Glory Days? Back in 1994 Brazil beat Italy in a world cup game in this building. Michael Jackson, M...
Bailout Banks kick Small Business in the Crotch
Tuesday, November 17
CNN Money is reporting today the 22 banks that received the most help from the Treasury bail out programs collectively have cut $10 Billion from their small business loan balances in the last 6 months alone. They make more money and the small businesses that drive the economy take it in the short...
Get Access to the Distressed Commercial Property "Shadow Market"
Tuesday, November 10
In a more normal market ... where there is a reasonable volume of Property for sale and a reasonable number of Buyers ... we recommend you build your Lead Generation System around active Brokers and Commercial Agents. In normal times the vast majority of Properties change hands through the Commer...
Did the FDIC just flash freeze the Distressed Commercial Markets
Wednesday, November 04
We are all waiting for the backlog of distressed and foreclosed commercial properties to thaw out a little and become available for purchase at the steep discounts only a recession can cause. Things have been frozen for a while … Lenders not wanting to write down the value of their portfolios to ...