Commercial sales plung 53%.

Overall sales across five main property types plunged 53% from the same time last year according to CoStar. It’s our job to follow the market.

So what exactly is market value?

Meet your valuation expert!

Recession or not…

So when we were in the Great Recession, economists kept hesitating to call it like it was.  Now we are entering a Recession and they are hesitating again.  Hmmm.  What’s it going to take?  We have a global pandemic.  Just ask the workers sitting at home for an indefinite period of time and all the businesses that are closed?  Go Figure!

Art Van Closing!

Art Van announced today that it has made a decision to begin liquidation and will be closing all stores in Michigan, Illinois, Indiana, Missouri and Ohio.  WOW.  #retailclosing

 

WLI Connections!

Attended the ULI Michigan WLI Build Up breakfast this morning.  What an amazing group and the presenter was on the money with her out of the box ideas for urban revitalization.  We need more Ilana Preuss folks in our market.  #retailrealestate #revitalization #urbanregeneration

Proposal to tax empty storefronts

So San Francisco is set to vote on punishing landlords whose shops stay vacant for more than six months.  Seems rather extreme!  New York is trying to so something similar.

Property taxes

Notice of Assessments are coming in your mailbox. Don’t ignore this important document. Read the fine print and understand your rights. Let me know if you need any help or have questions.  It is important that you understand the process. #propertytaxes #propertytax #propertytaxappeal

Effect of cannabis business on property values.

Had amazing discussions today at presenting at annual ICSC Conference on the topic of the effect of the cannabis business on property values. Thank you for everything who participated. #cannabisbanking #cannabisbusiness #propertyvaluation #propertyvalue

Women making a difference

Attending Inforum Affinity group in Detroit.

Today’s panel.