I just noticed this just published press release with a sole purpose of announcing the promotion of a CRE broker at a local CRE brokerage company from Vice President to Senior Vice President. I have already posted my thoughts on titles at CRE brokerages. Needless to say, I think they are meaningless.
Apr
29
Apr
28
CoStar Website Saga – Episode 4
In a post on the CRE blog Agent Genius this past Monday morning, author Duke Long listed what he believes are 32 key commercial real estate sites with which everyone should be familiar. Notably absent from Duke’s list is CoStar. No big deal. Unless you work for CoStar, that is. A CoStar employee named Scott [...]
Apr
25
Breakdown: My Analysis of a Deal That Was Too Good To Be True
I have been asked by more than a handful of friends and colleagues to write a post on a specific listing in Simi Valley, CA that was recently brought to market by CBRE. I decided to put my thoughts in writing and attempt to explain how exactly I would break this particular deal down and [...]
Apr
23
CREOBA in My Back Yard. Can’t Believe I Missed it.
Just this past week (on April 21st) my buddies from the Commercial REO Brokers Association (CREOBA) were holding court in my back yard – and I missed it! In looking over the email announcement it appears the main topic of the event (other than networking with the key movers and shakers in commercial REO???) was [...]
Apr
20
No Debt Available For Good Deals? Correct.
Yesterday, John Reeder wrote a post on Marketwise titled "There’s No Debt Available, Even for Good Deals." In the post he pokes fun at the masses crying about the lack of available debt and makes the point that the only reason they can’t get debt is because the deals suck. This may be true for [...]
Apr
15
Introducing MARKETWI.SE
The following is the content of my first blog post on the newest website to enter the CRE news community, MARKETWI.SE. I will be contributing regularly to MARKETWI.SE and may even cross-post everything I write hear to MARKETWI.SE. I haven’t decided yet. What this means to you is that you will now have to religiously [...]
Mar
08
A Story About Idiocy
Andrew Zezas, author of the blog Corporate Advisor recently published a post about a couple of brokers operating on the wrong side of the line. You can read his post here. In this day and age, how does someone think they can get away with shady practices without being called out in a very public [...]
Mar
02
Are CAP Rates Heading Back Down?
That is a pretty broad question. I can’t say for sure for every single product type nor do I really care about CAP Rate trends for multi-tenant office/industrial/multi-family/etc. buildings in the midwest/south/east/etc. I can make an intelligent guess and say no, CAP Rates are not heading back down, they are continuing to rise – industry-wide. [...]
Mar
01
Follow-Up Post to the Stupidest Marketing Headline Post
This post is a short follow-up post to the one I wrote on February 5th about the marketing email I received stating the price would be reduced by $150,000 every two weeks until the property was sold. True to his word, Mr. Pollard has reduced the offering price of the property by $300,000 (per email [...]
Feb
05
Quite Simply, The Stupidest Marketing Headline You Will Ever See
I’m not sure I have the words to describe this. I will say that I am constantly amazed at how many people operate in our industry that have absolutely no clue what they are doing. WTF? In 19 weeks the property should be free! How exactly does this headline help get this property sold? Way [...]
Jan
22
Great Video on Presentations
This is a quick (7 minute) video by Carmine Gallo outlining why Steve Jobs is such a captivating speaker. There is nothing earth shattering here but sometimes it is the simple things that make all the difference. I could not help but think about how this relates to how I present to both sellers and [...]
Jan
19
Fresh & Easy Real Estate Director Making Empty Threats
I just had to post this. I just closed a Fresh & Easy ground lease that was purchased by Fresh & Easy on 12/31/09. Earlier today, we sent out an email blast announcing the sale of the property. I received the following email (with his attorney cc’d as well) from UK transplant Tom Scorer, Real [...]
Dec
08
Since When Is Offering A Cooperating Broker Fee A Selling Point?
The image below is from an email blast sent out by a brokerage firm selling a retail property in Southern California. Really, “Cooperating Broker Fee Offered” is your number #1 selling point? I have cropped out the distinguishing portions of the image to protect the identity of the offending brokerage. Last time I checked, offering [...]
Dec
04
Introducing CNRPA, an Attempt to Distinguish CREOBA’s Business Model
I have just been notified, via Twitter that CNRPA is now following me. So I go to check out who CNRPA is and I find the Commercial National REO Professionals Association! Anyone who has read this blog for any amount of time will understand when I say I can’t remember the last time I was [...]
Dec
03
Marketing 101
Just got this email from a friend this morning. Not much commentary necessary other than to say that a picture is worth 1,000 words. Here’s the email: I don’t know if you got this loopnet blast but it is one of the funniest things I have ever seen. Below are two different blasts that this [...]