How the BP Spill Affects Property Values
Two weeks after the Gulf of Mexico oil spill, a residential broker in the Florida Panhandle blogged that the oil spill was already taking its toll on their local housing market. The location of the...
View ArticleMaking Sense of “Cents on the Dollar” in Commercial Real Estate and...
In a recent meeting with the head of OREO at a top bank, we were discussing some of the prices we saw at property auctions in 2009. She was particularly interested in what numbers we saw on land sales....
View ArticleAnatomy of an Accelerated Marketing Program
No two properties are alike; there are geographic as well as asset attributes, such as age, condition and market availability that come into play. Realizing that a seller’s objective is to achieve...
View ArticleUptick in Auction Sales Should Continue Through 2011
Over the past 60 days, NAI Global’s alliance partner for outcry auctions, Higgenbotham Auctioneers, has sold more than 90 properties at auction in Florida, Georgia, Louisiana, Texas, Delaware and...
View ArticleHow Technology Changed the Real Estate Auction Landscape
Twenty years ago we were in the early stages of the last savings and loan crisis. Activity with real estate auctions and sealed bids heated up and filled the pages of real estate “for sale” sections of...
View ArticleIndustry Leaders Sam Zell and Bliss Morris Share Views on the State of...
Sam Zell, appearing on CNBC’s Squawk Box earlier this month, reiterated several interesting points about current market conditions and trends in the commercial real estate sector: We haven’t built...
View ArticleAuction Data Suggests Sales are Increasing
In June 2010, I analyzed CoStar Group (CoStar) data on industrial, office, retail and multi-family auction sales over a 17 month period. I recently reached out to our friends at CoStar to check out the...
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