Time is everything right now. George Soros said last week of commercial property values “… we know, they will drop at least 30 percent.*” Some analysts predict a 50 percent or greater drop. How long this pain will last nobody knows but we do know we are still at the beginning. In a declining market [...]
Have you ever seen an episode of The Bachelor? In this reality TV show a wealthy attractive bachelor is offered two-dozen attractive, albeit somewhat pathetic, women from which to choose a spouse. They’re all made up their best, dressed in high-fashion, and they’re hungry…for love…they want this dude. He starts with the whole lot to [...]
Today I’m at a 75,000 +\- square foot commercial space that my client is foreclosing on. This property is located in the Boott Mills in Lowell, MA.
It is highly likely that we are going to see an increase in commercial property foreclosures over the next several years. If you are liquid this is a [...]
Tuesday, April 21, 2009
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