Causing Some Controversy

If you are reading this blog chances are you found out about it from an e-mail I sent you. Yesterday I sent out  an e-mail that seems to have angered a few people. In this e-mail I wrote about how landlords are really taking it on the chin lately and that as a result there are some great opportunities for tenants or buyers. My intention of course was not to anger anyone. In fact I have created this blog and send out my e-mails to have the exact opposite effect, to try and help people and possibly introduce them to some good opportunities. But I actually had a gentlemen, who is a local property owner, leave me a message yesterday calling my e-mail insulting and calling me a bottom feeder. I also had a broker friend of mine contact me and tell me that some of his clients received my e-mail and that they did not like the message that I was putting out. I send my e-mails to all types of people. Some are large institutional property owners, some are developers but most are your typical mom and pop business owner struggling to make a living just like the rest of us. In hindsight, I can see how my message could anger some property owners. Like I said above lanlords have been hit real hard lately. Property values are down significantly and many owners have been paying money out of pocket every month to cover the mortgage on their vacant building. But I certainly never said anything that wasn't true. It is a buyers/tenants market now. Three years ago it was a landlords market. Times change. I'm just calling it like it is. For a moment I thought, is what I am doing bad? But then I received a call from a major developer this morning who told me he really appreciated my e-mails and the information I had been sending out and that he had some projects he wanted to discuss with me. I asked him, did my e-mail anger you? He said why? You don't make the market, it is what it is. And he is right. So for the time being I am going to continue my e-mails, and certainly this blog. Thanks for reading!

How is the Market?

Check out my new page How is the Market? The page includes a link to the Grubb & Ellis Co. First Quarter 2010 Industrial Property Report and some good insight as to what is going on in the market today.

Getting Some Reaction

Today I received an e-mail from Mark Robinson at Performance Wet Jet in Rancho Cucamonga. Mark's lease is up in a few months and he is thinking he might be able to get a better deal than what his current landlord is asking. I think he is right. Mark is looking for about 10,000 square feet. There are a LOT of buildings available for lease in this size. (I sent him a list of about 30 properties.) Some of the more motivated owners are priced at under $.40 per square foot Gross. I look forward to working with Mark and getting him well set up.

I Need Listings!

Today I have been focusing on getting a new listing or two. I typically have anywhere from 10-20 quality listings that I service, but now I am down to about five. In the past several months my partners and I have leased or sold just about everything we have listed, and in many cases we represented both the property owner and the buyer or tenant. When I list a property, I push it hard. I have a database of thousands of local business and property owners that I regularly call, e-mail and send letters to. I also spend a lot of time walking door to door, passing out brochures. We like to think that we are one of the most aggresive industrial marketing teams in the Inland Empire. If you have a property that you need leased or sold give me call at 909-974-4054

Good Networking

Yesterday I had the opportunity to meet with Richard Woolery and his crew at Hawthorne Lift Systems and Advanced Material Handling. These guys are the local Cat Lift Truck dealer and also experts at designing and installing racking and pick systems. We exchanged some leads and discussed how our businesses compliment each other. Richard and his guys cover all of southern California and will do a great job for you. Call Richard at: 909-923-9818

Getting the Blog ready

Today I have been putting up a lot of the information that appears in this blog. I have had several websites in the past but I like the idea of a blog because it is so easy to update and keep current. I hope you enjoy it.

Big listing pitch today.

Today Richard Schwartz and I pitched a listing on a building in Ontario that is just a little bigger than 100,000 square feet. We did a really good job and we are very excited about potentially working on this property. Hopefully I will be able to post full details on this property soon.