Michael Lewis says, “People see what they get paid to see.” Wall Street experts, according to Lewis, are paid to not see certain things, as well. Is Wall Street’s bonus culture unsustainable? Has Wall Street been designed to win when it loses?
The following “60 Minutes” interview is an amazing story from the inside of the mortgage securities industry and how experts made money creating a disaster and are now making money cleaning up the disaster. Imagine being paid to run your organization into the ground…watch it.
Donald Teel is a Senior Associate and Principal with Arizona Commercial, an Arizona commercial real estate brokerage and property management firm, headquartered in Prescott, Arizona. Need more information? Please call 1-877-777-9100 or, if you prefer, you may email Donald Teel
Driving gives me an opportunity to think about what I am doing, some of the challenges we are facing in the buisness and how my clients can weather what I call “The Tenant Trough.” Rather than simply tool down the long and winding road, I have decided to utilize my drive times by engaging in a little Commercial Real Estate Road Kill.
The following video was shot on a recent drive to Phoenix and is the first of what I hope will be a regular feature entitled CRE Road Kill. In this installment, I am addressing what I call the Tenant Trough, what it is the problems it creates for owners. In Part 2 I will talk about solutions…stay tuned.
Merriam-Webster defines “trough” as follows:
a long and narrow or shallow channel or depression (as between waves);
the minimum point of a complete cycle of a periodic function;
the low point in a business cycle
Donald Teel is a Senior Associate and Principal with Arizona Commercial, an Arizona commercial real estate brokerage and property management firm, headquartered in Prescott, Arizona. Need more information? Please call 1-877-777-9100 or, if you prefer, you may email Donald Teel
Jay Paul Leupp, founder of Grubb & Ellis, talks with Bloomberg’s Julie Hyman and Mark Crumpton about the outlook for the U.S. commercial real estate market. Leupp also discusses his investment strategy and prospects for Associated Estates Realty Corp. and Sun Communities Inc. (Source: Bloomberg)
Donald Teel is a Senior Associate and Principal with Arizona Commercial, an Arizona commercial real estate brokerage and property management firm, headquartered in Prescott, Arizona. Need more information? Please call 1-877-777-9100 or, if you prefer, you may email Donald Teel
Donald Teel is a Senior Associate and Principal Partner with Arizona Commercial, a commercial real estate Brokerage and Property Management Company that services the entire state of Arizona. Read more...
