wa: Are you on edge?
- 10/28/07 06:58 AM
Is it the full moon or is it the current state of the market? Have you found over the past few weeks you have not been "completely" yourself? Sure you are still you and you are as good as you were 2 years ago - just as motivated, just as helpful, just as good with your clients (when they come around). But something is different, whether at home or with associates. It seems to me something is in the air.....other associates of mine had made mention of this. I feel it too.....it's almost stifling.....breathing becomes a task instead of a natural habit. Take some … (3 comments)
wa: Cap rates rising sharply!!!
- 10/26/07 08:53 AM
As investors pulled out of the market sellers have been left holding the bag on NNN leases and other retail developments that had previously been selling in the 5-6% cap range. Now sellers are readjusting listed sales prices across the country as the amount of investors may have not changed but the interest has waned. Now clients are asking to find what is available in an 8% range and are unwilling to consider those deals below the 7% range. Obviously multifamily rates are often lower and many are speculating that due to the gap in housing versus rent costs that profits will rise … (0 comments)
wa: So you want a gas station huh?
- 10/23/07 12:07 PM
Today I received a phone call from a prospective client who was in the pursuit of a dream job as a gas station owner.......don't laugh.......some of them do quite well. As we discussed a few of the listed stations (as most know everything in commercial real estate is for sale for the right price) he began wavering on wanting a station. After we had discussed that credit cards charge the gas station owner on average 6 cents per dollar for a transaction and that margins in tough markets are only 15 cents per gallon. It became evident that all he'd be doing with … (4 comments)
Is it the full moon or is it the current state of the market?
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