News
On Our Feet
July 29, 2009
| Yesterday, real estate pros joined forces at three events to discuss recession solutions. From distressed properties to gov't funded projects, troops are rallying for a comeback! Our headline is a call to arms and literally how we spent all day. |
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| At Real Estate Publishing Group's Distressed Real Estate Summit yesterday morning at the Fountain Blue is Des Plaines, Capital Real Estate Advisors' Peter Cotsirilos and Al Coulolias joined Colliers Bennett & Kahnweiler's Lloyd Berry to discuss workouts and receivership. ?If you're not a banker, that's what you're doing right now,? Lloyd says. ?It's the only business that's getting more busy.? |
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| The opening panel included Foresite Realty Partners' Don Shapiro, NRC Realty Advisors Evan Gladstone, and Clark Street Capital's Jon Winick discussing their favorite recession era phrases: ?Extend, amend, pretend,? and ?Rolling loans gather no loss.? Don encouraged lenders and investors to take a chance on some distressed properties but not to expect any warranties. |
