"
Real estate is the kind of thing that you do generally stay with for a long period of time because you can't trade in and out on a daily basis, and it adds an element of performance to the portfolio that individual policy owners can't get on their own," Ross said.
In this spirit, we sought public comment on the
real estate proposal.
Nortel's then-CEO Jean Monty and its then-COO, current Chief Executive John Roth, were looking to Nortel's
real estate to boost the company's performance and send a clear message of change to its customers, stockholders, and employees.
The good news is that in March 1991, the FFIEC appraisal subcommittee report to Congress advised against requiring a regulatory framework for personal property appraisal similar to that mandated by Title XI for
real estate. The bad news is that each state is still required to design and implement a certification and licensing procedure that may include business appraisers in its provisions.
He sells 90 of them for $100,000 apiece before the local
real estate market takes a steep downturn.
"We're seeing an explosion of interest in REITs and other investment vehicles around the world," said Leo Wells, president of Wells
Real Estate Funds.
Rental
real estate cannot be aggregated with nonrental
real estate operations; thus, if X spends 600 hours developing
real estate and 200 hours on each of his four rental
real estate activities, he is not a
real estate professional.
"Too often, management tries to impose an artificial propose on its
real estate," says Stevan Sandberg, executive managing director of advisory services at Cushman & Wakefield, a New York City-based
real estate services company.
In short, you can't afford much of a learning curve when starting in commercial
real estate. Mistakes can cost you big-time because, as Seriki says, "the property can eat you alive." But there are enough success stories out there to prove that it's a profitable game to play if you know what you're doing.
Commercial banks and thrift institutions in New England found the investment opportunities generated by the
real estate boom irresistible.
21: New York
Real Estate Commercial Women Network will present Meet the Press: "Lessons in Publicity," with panelist: Julie Satow, commercial
real estate reporter, Crain's New York Business; Christine Haughney, residential
real estate reporter, the New York Times; Samantha Rowan, managing editor,
Real Estate Finance & Investment; Linda Barr, managing editor,
Real Estate Weekly; and moderator: Jeannette Boccini, executive vice president, LVM Group Inc.
As for
real estate investment categories to consider, the commercial market is divided geographically, by industry segment (retail, office, warehouse, etc.) and by type of property: