NAI Global President & CEO Jeff Finn was featured in the February/March issue of Real Estate Forum. The article, NAI Global Sees Opportunity Along with Challenges for 2009, summarizes the key discussion points of the Global Economic Outlook hosted by NAI Global in February. Finn, despite the current economic situation, is optimistic, explaining how there are now unique opportunities to make money. Guest speaker at the Global Economic Outlook, Dr. Linneman, NAI Global’s Chief Economist, also offers his insight on the recession. Read the Real Estate Forum article here.
(Photo: Jeff Finn and NAI Jackson Hole's designated broker Steven Keim.)
On April 17, NAI Global will hold a live quarterly web conference featuring a global economic briefing by NAI Global's Chief Economist Dr. Peter Linneman. The briefing will include a presentation by Dr. Linneman, followed by Q&A from participants. Join NAI Global Chief Economist Dr. Peter Linneman for an in-depth discussion on the future of our economy, the fading hope for a recovery in 2009, tips on how to survive the recession and the pros/cons of the TALF plan. Dr. Linneman will also be available to answer your questions during the event.
This free web conference is open to NAI members, clients, and invited guests. Email Kaly Shippen, NAI Commerce One / Jackson Hole marketing director, if you would like to participate.
PRINCETON, NJ, March 9, 2009 – NAI Commerce One / Jackson Hole announced it is participating in the Commercial Property PowerSale™, an Accelerated Marketing Program created by NAI Global to help property owners and financial institutions dispose of troubled real estate needs.
NAI Global is the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide. NAI Commerce One / Jackson Hole is the exclusive NAI member firm in Jackson Hole + Teton Valley markets.
“The global economic slowdown and frozen credit markets have caused a major disruption in the traditional property sales market, and we are working closely with our clients to find the right marketing solution for their properties,” said Steven Keim of NAI Commerce One / Jackson Hole. “NAI’s accelerated marketing program is a boon for clients who need to sell an asset or portfolio, but are having difficulty in today’s economy.”
The Commercial Property PowerSale™ employs a variety of accelerated marketing techniques that have proven effective in previous economic cycles when traditional sales channels are gridlocked. Property owners will have the option of offering their property for sale via a series of live online auctions, sealed bids or a unique combination of the two formats. Properties in the Commercial Property PowerSale™ benefit from an aggressive marketing campaign that includes focused print, broadcast and electronic advertising, and a direct-to-buyer outreach to more than 175,000 active buyers. Sellers are assured a shortened sales process and a date certain sale schedule. The three program options – Auction Marketing, Sealed-Bid and Sealed-Bid Plus™ – set up a competitive bidding environment that creates urgency, forcing buyers to act immediately.
“The Accelerated Marketing Program is designed to meet the demands of our clients – property owners and financial institutions – with troubled assets, as well as sellers with healthy properties that are having trouble finding a buyer in today’s market,” said Finn. “Together with our longtime partner, Higgenbotham Auctioneers International, we have successfully completed more than $2.3 billion in sales through accelerated marketing programs. We are able to leverage our knowledge and relationships with the most active buyers at any given time to help our clients achieve the best possible value for their asset, despite the current economic climate.”
The program is open to both private and institutional owners and will include the sale of both commercial real estate equity and loans. Sellers may submit an individual asset or an entire portfolio, and property types will include everything from office, industrial, retail, hospitality and multifamily properties, to residential subdivisions and land for development. Both performing and non-performing commercial real estate loans may also be offered for sale. The NAI team will evaluate each property and guide the seller through the program process, helping them to choose the sales vehicle that best suits their needs.
The May 1st PowerSale includes over 50 properties totaling $150 million in value. NAI Commerce One is working with Windermere Real Estate and the Grand Teton Team in offering two properties in Teton Valley, Idaho. Click here for more information.
Property owners and financial institutions interested in learning more about the Commercial Property PowerSale™ should visit www.naiglobal.com/powersale or contact Meagan Hill at (307) 734-8700.
This looks like a fun event for Idaho Falls Chamber of Commerce members!
Thursday, March 19
5 pm - 7 pm
1568 N 25th E (Hitt Rd)
Trellis Square (South of the Lincoln Round-about)
The Home Emporium is a permanent home and garden showroom with a no-pressure setting and unmanned booths that allow you to browse at your leisure. When you're finished, our staff will put you in touch with the companies you're interested in--and your improvement, design or building project can begin. Catered by: The Cellar (YUM!) Music By: Kevin Young
For information on space available in Trellis Square, contact Randy Waters or Steven Frei at 208.525.8088
This is a reminder for this evening’s (March 18, 2009) Young Professional’s Network Lecture series event at 6:30 pm at Snake River Landing. The event will feature Tanya Covert discussing Personal Credibility.
Check out YPN's Facebook Group here.
Wow, lots going on in Pocatello this week!
March 17 - Ribbon Cutting 'Pocatello Neighborhood Housing Services' 11:00 am
at 780 E. Maple
March 17 - TLC, 11:45 am at PV's Pasta & Vino
March 17 - LPAA Board Meeting, 12:00 pm at Portneuf Valley Brewing
March 17 - Chamber News with KMGI, 3:00 pm on 102.5
March 18 - Chamber News with GAPWest, 9:00 am on 98.5
March 18 - Ribbon Cutting 'Sage Hill Travel Center & Casino' I-15 Exit 89,
13 N. Hwy 91, South of Blackfoot
March 18 - Chamber Chat TV Show, 7:00 pm on Channel 12
March 19 - Legislative Council, 7:00 am at the Holiday Inn
March 19 - Ribbon Cutting 'Taco Johns' 11:00 am at 4050 Yellowstone
March 19 - Business After Hours 'Wilks Funeral Home' 5:00 pm at 211 W.
Chubbuck Rd.
March 19 - Regular City Council Meeting, 6:00 pm at the Pocatello City Hall
March 20 - GPCC Board Meeting at 11:30 am
Please visit www.pocatelloidaho.com for more upcoming events.
Randy Waters and Steven Frei of NAI Commerce One are excited to announce that Rock Solid Tops have moved their location on Woodruff to 4390 North Yellowstone Highway just east of the Stinker Station on Highway 26. In addition to providing a larger facility for their customers, Rock Solid Tops will be implementing wet cutting to reduce dust and improve quality at the new location. Need a free estimate on countertops? Rock Solid Tops can be reached at their office at 208-209-3948.
“Stop saving us,” says NAI Global Chief Economist Dr. Peter Linneman.
2009 is shaping up to be a challenging year for the commercial real estate industry, and Dr. Linneman offers his thoughts on the state of the economy, how the government is impeding recovery by constantly ‘saving’ corporations and people in debt, where the industry will go in 2009 and what opportunities may exist in the market. Click here for podcast.
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