I’ve put together a list of the top 10 phrases that I have not heard for quite some time from developers. Please feel free to add any others you come up with in the comments.
#10 "I’m a preferred developer for Rite Aid."
#9 "We have excellent banking relationships, financing is not an issue."
#8 "There are thousands of rooftops in the pipeline around the site."
#7 "There is no difference between corporate and franchisee leases."
#6 “My rent guarantee is just as good as having an actual tenant.”
#5 "I’ve got a 5.00% CAP in my proforma."
#4 "I’m building to a 7.00% return on costs."
#3 “There’s a Walmart/Target/etc. going in down the street, my rents are going to go up.”
#2 “I’m working on a power center in the Inland Empire.”
and the #1 phrase no longer heard from developers is:
#1 "I’ve got a Starbucks deal."
3 comments
Joshua says:
November 16, 2009 at 11:36 pm (UTC -8)
ahhh… the good old days of 2 years ago.
Doug says:
November 17, 2009 at 1:22 pm (UTC -8)
I needed a good laugh! This list is awesome! Thanks!
Home Buyer's Agent says:
March 3, 2010 at 9:33 pm (UTC -8)
how about "I just found a GREAT property… you know where the Wal-mart is? Yeah, right on the water."