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Brendon DeSimone established himself on the West Coast as a leading real estate expert, earning a spot in the top 2 percent of brokers at the San Francisco-based Paragon Real Estate Group.
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Dylan Taylor, formerly president of U.S. operations at FirstService Real Estate Advisors, has taken on a new role since FirstService merged with Colliers International: He is now CEO of U.S. operations for the revamped Colliers, which is based in Boston. Multifamy Executive senior editor Les Shaver...
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In a move that caps five years of frenzied expansion, FirstService Real Estate Advisors and Colliers International have combined their operations and global real estate services platforms.
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In its most recent report on apartment market trends, New York-based research firm Real Capital Analytics said that the apartment sector has $20.3 billion in assets known to be in distress. Unfortunately, only $3.3 billion, or around 13 percent, have been resolved and turned into real estate owned.
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Multifamily brokers are using auctions to excite buyers, speed up sales, and establish pricing thresholds for distressed properties.
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Over the past six months, it has been hard enough for brokers to find a buyer and seller willing to agree on a sales price for an apartment property. But in this uncertain economy, even after they lock in the buyer and the price, things are far from closed.
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Long-awaited vulture funds will likely buy up apartments in the second half of 2009.
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If we become an industry of vultures, we may have nothing on which to prey.
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Multifamily brokerage firms, including CBRE and Cushman and Wakefield, are launching distressed assets practices.
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Is the distress everyone is talking about finally here? If you look at some recent news releases from real estate brokers and private equity sources, you may think the vultures are starting to find their prey.