Commercial Lending - 03/31/09 09:14 AM
Monday, March 30, 2009
 April 1st is no Fool’s joke if you happen to be working with any residential customers or properties.
 
Congress has seen fit to pass new appraisal guidelines for all loans beginning on the first. 
 
Because the majority of most all commercial loans now must adhere to tougher guidelines, expect to see this applied to commercial evaluations as well.
 
Bottom line is this:
 
Effective April 1st, 2009, all appraisals must be ordered through a lender approved appraisal service company.  All appraisals will be subjected to additional internal market data which will … (0 comments)

CCIM 2009 Beach Meeting - 03/30/09 10:47 AM
The Alabama CCIM Annual Beach Meeting will be held at the Grand Sandestin Resort this year!  We will kick off with a welcome reception at Bally Hoo in the Grand Sandestin on Thursday evening, April 30th. Our meeting portion will be at the Baytowne Wharf Conference Center on Friday, May 1st with national President-Elect, Richard Juge, CCIM, teaching a class on market analysis that will incorporate on the utilization of STDB and some of the newest upgrades on the product from 9:30-12:30.  After lunch, we will reconvene at 2:30-4:30 to listen and learn about the financial markets and their continued evolvement … (0 comments)

Become an Associate Member OF IREM - 03/29/09 11:53 AM
The pressures of today's competitive market make it difficult to get ahead. You're looking to sharpen your skills and reputation, study the most recent issues and best practices affecting your business, and meet colleagues with whom to share experiences, swap ideas, and discover solutions. You value the great benefits and the distinction that comes with associating with a proven industry leader.
Create your own opportunities as an IREM Associate Member. IREM's Associate membership is ideal for individuals engaged in property, asset, and facilities management of all property types; those who work for real estate companies, corporate real estate departments, or government … (0 comments)

CI Intro Course, which will be held in Huntsville, AL on April 13-14 - 03/28/09 08:43 PM
 

 Brought to you by Neil Victor, CCIM. Commercial Real Estate Advisor,  Huntsville office of Sperry Van Ness.  Commercial Real Estate Advisors.  Specializing in Multi-family, and other types of Commercial and Investment Property
… (0 comments)

2009 CCIM/IREM/NALCOM 3rd ANNUAL HUNTSVILLE/MADISON COUNTY COMMERCIAL MARKET SYMPOSIUM - 03/27/09 10:03 AM
 2009 CCIM/IREM/NALCOM 
  3rd ANNUAL HUNTSVILLE/MADISON COUNTY COMMERCIAL MARKET SYMPOSIUM
Commercial Real Estate Industry Review/Forecast
The Ledges
32 Castle Down Drive, Huntsville, AL 35802
  

       Cost:     $75.00 for IREM/CCIM members, and $90.00 non members. Approved for 3 CE credits in Alabama.  You must bring your license number and sign the form at the check in desk. No Refunds.  Space is limited.  For any questions, email or call:
  
Amy Adkins
Chapter Administrator
Alabama CCIM Chapter
P.O. Box 43996
Birmingham, AL 35243
205.977.3401
Website:  www.alabamaccim.com
 
This annual event is always a sell out.  Get you tickets early.  There is a golf … (0 comments)

RE Investors Should Go 'Back to Basics' - 03/25/09 10:08 AM
Industry News Ernst & Young Report: RE Investors Should Go 'Back to Basics'
March 25, 2009
By: Tonie Auer, Southwest Correspondent
In the midst of economic uncertainty, falling markets and a stimulus package that may or may not help business grow, a new Ernst & Young report on real estate business risk advises property firms to go back to the basics. The 2009 Ernst & Young real estate business risk report, produced in conjunction with strategy consultancy Oxford Analytica, itemized the 10 business risks faced by the industry as ranked by leading sector analysts. Given the risks outlined by analysts in … (0 comments)

Apartment Finance Today Conference - 03/22/09 02:09 PM
Cisneros to Keynote AFTCIn today’s uncertain economic times, it’s more important than ever to find ways to stay ahead of the curve. And the fifth annual Apartment Finance Today Conference will help developers and owners do just that.
Henry G. Cisneros, former secretary of the Department of Housing and Urban Development and executive chairman of CityView, will keynote the conference March 30–April 1 at the Arizona Biltmore in Phoenix.
The celebrated housing, business, and city government leader will highlight a high-voltage lineup of multifamily owners, developers, and capital partners working out high-level plans and in-the-trenches tactics to weather the economic storm … (0 comments)

The Economy and its Effect on Commercial Real Estate - 03/19/09 08:52 PM
Sperry Van Ness International offers quality training in all disciplines of commercial real estate.  Members of the Sperry Van Ness Team are true Commercial Real Estate Advisors.  Neil Victor, CCIM   is Senior Advisor with Sperry Van Ness Huntsville Office.  We are able to pass on valuable information to our clients to help them make sound real estate decisions
… (0 comments)

Cap Rate Follies - 03/18/09 04:53 PM
Cap Rate Follies Avoid These Pitfalls When Calculating Commercial Property Values.
By John Simpson, CCIM, MAI, and Eileen Simpson
 
Capitalization rates are often controversial and misunderstood variables in commercial real estate valuation equations. To value properties, most buyers and sellers prefer an income approach, which analyzes cash flows to determine debt service and investor return — typically the internal rate of return — so it's easy to see why cap rates are scrutinized.
In fact, no other valuation aspect is debated as heavily as cap rates because unsupported data often lead to inaccurate commercial property valuations. By understanding the fallacies … (0 comments)

SVN Newletter, March 16, 2009 - 03/17/09 07:26 PM
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Brought to you by Neil … (0 comments)

Site to Do Business - 03/16/09 11:42 AM
Brought to you by Neil Victor, CCIM.  Huntsville office of Sperry Van Ness.  Commercial Real Estate Advisors.  Specializing in Multi-family, and other types of Commercial and Investment Property
… (0 comments)

The Alabama CCIM Chapter - 03/15/09 04:07 PM
The Alabama CCIM Chapter is a privately-incorporated Chapter of the CCIM Institute.
An affiliate of the National Association of Realtors®, the CCIM Institute has been a recognized global leader in professional education for more than 30 years. CCIM?s membership includes: brokers, agents, corporate real estate officers, REIT investment executives, pension fund managers, developers, asset managers, investment counselors, appraisers, property managers, mortgage bankers, attorneys, accountants, and others in allied fields.
Who Visits this Web Site?
CCIM estimates that its users will spend 30 to 60 minutes per day accessing CCIM, which is built into this web site.
Commercial real estate professionals will … (0 comments)

Brandon Giles Plays Piano in Nashville - 03/14/09 04:50 PM
This has nothing to do with commercial real estate but this clip is very enjoyable.  I thought I would share it with those who like the boogie woogie. Brandon Giles in an up and coming recording artist in Nashville Tennessee.  If you are ever in Nashville on a weekend you can see him at Layla's Bluegrass Inn on Broadway.  Here is a clip from a documentary that was filmed in Nashville in 2006  Brandon Giles on the Piano
 
Brought to you by Neil Victor, CCIM.  Huntsville office of Sperry Van Ness.  Commercial Real Estate Advisors.  Specializing in Multi-family, and other … (0 comments)

Massimo Group: High Quality Coaching - 03/13/09 11:59 PM
An Email I received from Rod Santomassimo CCIM,  former Vice President with Sperry Van Ness.  Rod has since opened his own company  The Massimo Group. 
Earlier today I had the privilege of speaking with several of you during this morning's SVN East Regional call.  Just another example of how SVN continues to leverage its talents internally to benefit not only themselves, but their clients.  This is also yet, another example of Jim Tucker's (Sperry Van Ness) profound contribution to this cultural perseverance. Fresh off the press and soon to be distributed with our clients and prospects, I wanted to share with you our recent … (0 comments)

Sperry Van Ness Training Sessions The Week of March 15, 2009 - 03/13/09 06:44 PM

HOSPITALITY INDUSTRY
On March 19 at 1pm eastern; 11 am pacific time we will be privileged to have a presentation on the current state of the HOSPITALITY INDUSTRY by Anne Lloyd-Jones, Senior Vice President HVS International (bio attached below)This will include current trends, forecasts and valuation.
As many of you know HVS (formerly Hospitality Valuation Services) is the pre-eminent firm that tracks the hospitality industry and provides valuation and appraisal services among their many hospitality related activities. Everybody who has anything to do with hotel property should tune in to this call.

Dominate a Vertical Market
 Date: Wednesday, March … (0 comments)

Enroll today in this CCIM CI Intro Course - 03/11/09 06:53 PM
Please pass this on to anyone you know that may have an interest. Thanks!

 Courtesy of Neil Victor, CCIM,  Sperry Van Ness Hunsville Alabama Office
… (0 comments)

I Have A Real Estate License, I Am A Real Estate Investment Expert! - 03/09/09 11:20 PM
I have a real estate license, I am a real estate investment expert!  If this statement is true so must this one:  I have a drivers license I am an automobile Expert!.  When I first entered real estate, the market was very hot.  Many buyers where making purchases faster than I could write the contracts.  Being new in the business and with a background as a business and property owner I was prepared to "advise" my clients.  I soon found out that the clients did not have time for an analysis nor did they want one.  They just wanted to buy the property before someone else did.  Since many … (0 comments)

Top 10 Commandments Of Time Management... - 03/09/09 12:57 AM
Top 10 Commandments     Of Time Management...
 •1.    List and prioritize your weekly objectives.
•2.    Stay current in your filing system.
•3.    Try to handle each piece of paper only once.
•4.    Don't take on additional work if you know you cannot get it done.
 •5.    Devote primary focus to your top priority tasks.
•6.    Don't procrastinate.  Just Do It.
•7.    Make a daily "To Do" list and prioritize.
•8.    Concentrate on one task at a time until you have completed it.
 •9.    Continually ask yourself, "What is the best use of my time right now?"
10.   Track appointments, due dates, project … (0 comments)

The Commercial Market - Pricing the Property Correctly - 03/08/09 01:10 AM
There are many good strategies available in marketing commercial properties.  As a member of the Sperry Van Ness International Organization we follow the guidelines set down by the corporate offices.  In the current market conditions the most successful effort we can do as commercial brokers is to make sure our property listings are priced correctly.   Neil Victor, Senior Advisor with the Sperry Van Ness Huntsville Alabama office is a member of CCIM. The invaluable CCIM training and Sperry Van Ness product type specialized teams gives us the tools to properly price a property.  In todays market in not necessarily value but price that will get the property into escrow.
As … (0 comments)

Blockbuster Considering Bankruptcy? - 03/07/09 02:26 PM
Counter Culture
GlobeSt.com's Retail Blog
Blog About Ian Ritter « February Another Tough Sales Month Costco Hurt by Discounts? »
 
Blockbuster Considering Bankruptcy?
Published March 4, 2009 Blockbuster , Kirkland & Ellis , Netflix , bankruptcies
Though company spokespeople are denying it, news reports say that Blockbuster has hired law firm Kirkland & Ellis to help it explore a possible bankruptcy filing.
Of course, Blockbuster has been on the retail watch lists of industry observers for a while now, and the chain's main competition is performing extremely well in the recession.Blockbuster has admitted that it hired Kirkland for refinancing and capital-raising initiatives, but … (0 comments)

The Structure of Sperry Van Ness International - 03/06/09 08:52 AM
The Structure of Sperry Van Ness International   Sperry Van Ness International is strong and sustainable with a core structure that represents the fundamentals of our culture and efficiency. We are positioned for growth and profitability - the secret?  Quality advisors and a scalable infrastructure.  In addition to our fantastic corporate staff members, SVNI has partnered with highly-respected and specialized outsourcing firms who provide back-office support services to our company. To better serve you as our client, SVNI has established relationships with vendors who can best serve our company as a whole. For example, to create and maintain outstanding and functioning technology, SVNI works … (0 comments)

SVN ways to meet your client's management needs. - 03/05/09 09:12 AM

I just wanted to take the opportunity to point out the superb property management experience that exists within Sperry Van Ness across the country.  From those who responded a couple months ago, under the SVN umbrella we collectively manage approximately 21 million square feet of commercial real estate (office, retail, industrial) and 29,000 apartment units.  Attached is a list of states, cities, product type, and advisor contact information.  If you did not previously respond, or I missed you, please email me your info and I will have it added and re-email out the list.  Guardian is not on the list … (0 comments)

HUNTSVILLE, AL MULTIFAMILY MARKET - 03/03/09 10:00 PM
  
TAKING UP SPACE IN HUNTSVILLE
By  Neil Victor, CCIM, Senior Advisor, Sperry Van Ness Huntsville, Alabama Office
 From the largest state in 1800s Alabama Territory to a cotton trading center by the turn of the next century, Huntsville has been a success story since its inception. But what stands out in this city's history may be its transformation since the 1950s, when the community shifted dramatically from agricultural leader to high-tech aerospace hub. Today, Huntsville is not only a Mecca for space technology but also one of the hottest commercial growth markets in the Southeast, and on the shortlist for … (0 comments)

CCIM Institute History - 03/02/09 10:18 PM
CCIM Institute History
The CCIM Institute confers the CCIM designation and is an affiliate of the national Association of REALTORS® (NAR). The CCIM movement began more than 40 years ago with commercial real estate practitioners who wanted to elevate their business practices through education and networking. Then and now, education and networking remain the cornerstones of the CCIM designation and the reason for its success.The CCIM designation was established originally by the California Association of REALTORS® in 1954 under the name Certified Property Exchanger (CPE). In 1967 it took on national significance under administration by a division of the National Association … (0 comments)

Sperry Van Ness Announces $64 Million in New Listings and $21 Million Closed Mar 2, 2009 Sales Call - 03/02/09 07:27 AM
March 2, 2009 - Sperry Van Ness each week presents the new listings and closings.  This week the Monday morning web call will announce $64 Million Dollars in new listings and $21 million Dollars in closings.  The link below will show each of these listings and the related fee.  Sperry Van Ness fully cooperates with all real estate professionals. By sharing fees with brokers nationally, we are able to expose our inventory to the broadest market possible.
http://marketing.svn.com/MondayCall.pdf
New listing totaling $64,473,000  $1,528,525 Commission Fees  Total Closing Mar 1, 2009 $21,404,593 As of March 2, 2009  The Sperry Van Ness office in Huntsville, … (0 comments)

Upcoming topics CCIM EVENTS include: Distressed Assets - 03/01/09 12:37 PM
 Upcoming topics CCIM EVENTS include:
•·         National Banking Overview - How the Current Banking Crisis is Impacting Commercial Real Estate (March 18, 2009 2:00-3:00 PM Central)
•·         Distressed Note & Asset Dispositions - Productive Collaboration Between Financial Institutions and CCIM Professionals (April 22, 2009 2:00 - 3:00 PM Central)
•·         Distressed Note & Asset Dispositions - Legal Implications & More (May 20, 2009 2:00 - 3:00 PM Central)
These web conferences are being offered at a group registration rate, designed for one person to purchase a seat license and then share in the viewing of the event with clients, colleagues and others … (0 comments)