It’s Thanksgiving time!
A time for giving thanks for the blessings in our lives. Since this is a Commercial Real Estate (CRE) blog, I will focus my thanks on that and save the personal stuff for the dinner table Thursday night. So let me share a little bit of what I’m thankful for in the CRE industry as if you own or occupy space, this relates to you too.

I’m thankful for:
• Making it through the 2008 banking meltdown.
o I compare 2008 to someone shaking up a snow globe on the financial markets. That in turn effected every aspect of real estate. Lenders, owners & brokers couldn’t tell you which direction was up and everything froze.
• Surviving the 2009 market correction and bottoming out of CRE values.
o Values dropped like a stone all year as capital for purchases was/is non-existent and job losses mounted at a record pace. Some positive economic indicators are starting to spike which shows us that we have hopefully bottomed out.
• A 2010 recovery.
o Although it will be a long slow road, it is already starting to happen. Small businesses are starting to show signs of life & banks are slowly starting to sell off their toxic assets. With bad debt gone, they should be able to start lending again. Time heals all wounds.
• Our team of Advisors & staff at SVN/Paradigm.
o Like Thanksgiving Day we will all likely thank our family for supporting us through the good times and the not so good times. If any of you reading this have ever been to an SVN function or even to our office, you’ll see that we are a (growing) family. I am blessed to be surrounded by such a professional, well educated, morally centric and caring group of people.
In closing, I would like to also say thank you to our clients, colleagues, friends and a special thank you to OUR TROOPS who continue to fight for our liberties everyday.
Happy Thanksgiving, Merry Christmas & have a Happy New Year,
Miguel de Arcos
Managing Director
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