Archive for April, 2009

The America that Got Left Behind

While not all about commercial real estate, I wanted to share an eye-opening video can be seen on the April 17th podcast of Bill Moyer’s interview with David Simon. Simon went from crime beat reporter for the BALTIMORE SUN to award-winning screenwriter of HBO’s critically-acclaimed “The Wire”. He talks with Bill Moyers about [...]

Renting Vs. Buying in San Francisco Area

It’s True, Renting Can Make More Sense than Buying in the San Francisco Area
While it may sound like an absurdity, the facts bear out the truth that renting can make more sense than buying during a housing market downturn. This is true not only in the San Francisco Area but in many areas across the [...]

Colleague endorses blog at www.ConsultPete.com

“Pete is a dedicated professional who is very knowledgeable about the East Bay Multi-Family market. His company, CommercialMasterMinds, is a great concept. I especially enjoy reading his blog at www.ConsultPete.com.”
Jordan Wong, CCIM, Partner, Vandermade Commercial Real Estate

Exchange Accomodator recommends Pete

On more than one occassion I have had the experience of working with Pete and his clients on 1031 Tax Deferred Exchanges. He is very professional and has tremendous follow through abilities. He always answers the phone and is very responsive. He has a tremendous entrepreneurial spirit, and is a tireless worker surrounded by leaders [...]

The Economic Crisis in Four Questions

The Internet Media Works provided the speech given by Chairman Ben S. Bernanke at the Morehouse College in Atlanta, Georgia this April 14th. I was struck by the dismal, yet encouraging prospects presented.
He cites today’s ongoing turmoil in the financial markets consequenting the global market recession, resulting in the worse financial crisis since the Great [...]

Retail Property owned by family trust

Pete is a trustworthy broker with the highest level of integrity! My family trust owns a retail property which we considered selling to cover unexpected expenditures. I needed help and was resigned to the fact that I was forced to sell. Pete reviewed the lease, terms of the agreement, competing properties, alternate investment opportunities and [...]

Colleague co-moderates Marketing Meeting with Pete

“Pete is an innovative commercial real estate broker and CCIM candidate. He founded a forward thinking web-based brokerage that allows commercial brokers/agents to operate efficiently while minimizing overhead. Pete is a master at uncovering opportunities via the questions he asks. He knows how to present an opportunity in a way that satisfies the wants and [...]

Cost Cutting in Extreme Times

Don’t overact. Instead, look over the 4 key areas of apartment ownership:
1. Curb Appeal
2. Turning Apartments
3. Marketing
4. Training
Curb Appeal. Make sure your apartment complex is attractive and appealing to passersby. Inexpensive flowers planted by the entrances give immediate punch. Keep the lawns and sidewalks maintained and clean.
Turning Apartments. Rather than wait until you have [...]

Colleague recommends Pete

“Pete is a dedicated professional who is committed, through his focused efforts, to his clients in achieving the results they are seeking. He goes the extra mile.”
Robert Meyer, CCIM, Principal, Realty Exchange Solutions

Residential Broker recommends Pete

“Pete is an excellent Commercial Broker. I have referred several of my friends and clients to him. They have all been very pleased with the results.”
Pat Herrera, J. Rockliff Realtors Danville    www.PatHerrera.com

Red Tower Funding President refers client

“Pete is one of those special individuals you can count on to be knowledgeable and proactive in his real estate work for his clients and colleagues. In one recent instance for example, he put forth substantial effort and research on behalf of a potential client to help her comes to terms with a commercial property [...]

Request a Filing Extension to Maximize Your Exchange Period

In an article from the 4-1-09 issue of The Exchange from The Chicago Deferred Exchange Company (CDEC), I read where if you have sold property in a Section 1032 exchange and have not yet bought replacement property, best to file an extension for your tax return.  If you are in the middle of such an [...]

Sign of the Times - Sale of an Iconic Building

Earlier this week in the 4-1-09 issue of the National Real Estate Investor, I spied this article by Sibley Fleming. Trying to keep a positive view of today’s downward economic spiral especially in our beloved commercial real estate market, can be daunting at best. The tallest and albeit the most famous building in [...]