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NAI
DESCO offers Accelerated Marketing Program
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NAI
DESCO announced it is participating in the Commercial
Property PowerSale™, an Accelerated Marketing
Program created by NAI Global to help property owners and
financial institutions dispose of troubled real estate
needs.
NAI Global is the premier managed network of commercial
real estate firms and one of the largest real estate
services providers worldwide.
NAI DESCO is the exclusive NAI member firm in
St. Louis.
“The global economic slowdown and frozen
credit markets have caused a major disruption in the
traditional property sales market, and we are working
closely with our clients to find the right marketing
solution for their properties,” said Principal John
Sheahan of NAI DESCO. “NAI’s accelerated marketing
program is a boon for clients who need to sell an asset or
portfolio, but are having difficulty in today’s
economy.”
“Delinquencies are on the rise, and with an estimated
$400 billion dollars of commercial real estate loans
coming due in 2009, we believe there is an urgent need for
nontraditional marketing approaches,” said Jeffrey M.
Finn, President & CEO of NAI Global.
“The days of buyers standing in line for each new
offering ended abruptly with the credit crisis in 2008.
With limited access to new capital, more and more property
owners are faced with a difficult situation – what to do
with their troubled asset as loans come due in a depressed
economy and with a distressed debt market.
Our Accelerated Marketing Program gives clients the
opportunity to sell their asset quickly, reducing their
holding costs and securing true market value for the
property.”
The Commercial Property PowerSale™ employs a variety
of accelerated marketing techniques that have proven
effective in previous economic cycles when traditional
sales channels are gridlocked. Property owners will have
the option of offering their property for sale via a
series of live online auctions, sealed bids or a unique
combination of the two formats.
Properties in the Commercial Property PowerSale™
benefit from an aggressive marketing campaign that
includes focused print, broadcast and electronic
advertising, and a direct-to-buyer outreach to more than
175,000 active buyers.
Sellers are assured a shortened sales process and a
date certain sale schedule.
The three program options – Auction Marketing,
Sealed-Bid and Sealed-Bid Plus™ – set up a
competitive bidding environment that creates urgency,
forcing buyers to act immediately.
“The Accelerated Marketing Program is designed to meet
the demands of our clients – property owners and
financial institutions – with troubled assets, as well
as sellers with healthy properties that are having trouble
finding a buyer in today’s market,” said Finn.
“Together with our longtime partner, Higgenbotham
Auctioneers International, we have successfully completed
more than $2.3 billion in sales through accelerated
marketing programs. We are able to leverage our knowledge
and relationships with the most active buyers at any given
time to help our clients achieve the best possible value
for their asset, despite the current economic climate.”
The program is open to both private and institutional
owners and will include the sale of both commercial real
estate equity and loans. Sellers may submit an individual
asset or an entire portfolio, and property types will
include everything from office, industrial, retail,
hospitality and multifamily properties, to residential
subdivisions and land for development. Both performing and
non-performing commercial real estate loans may also be
offered for sale. The
NAI team will evaluate each property and guide the seller
through the program process, helping them to choose the
sales vehicle that best suits their needs.
Property owners and financial institutions interested in
learning more about the Commercial Property PowerSale™
should visit www.naiglobal.com/amp
or contact NAI DESCO at 314-994-4176.
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Erman,
Sweeney receive top producer honors
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NAI Global today named Tom Erman, SIOR
to the NAI Global Elite, a group comprised of the
organization’s top performers and top producers. Erman
qualified as a Top Performer based on production in
2008.
NAI Global also recognized Floyd Sweeney, SIOR, MCR as a NAI Global Elite. Sweeney qualified for the Hall of
Fame in 2008, an honor recognizing individuals with at
least five years as a Top Producer or Top Performer.
NAI Global is the world’s
premier network of commercial real estate firms and one
of the largest real estate service providers worldwide.
Based in
Princeton
,
New Jersey
, NAI Global manages a network of 5,000 professionals
and 325 offices in 55 countries. NAI professionals
complete over $45 billion in transactions
annually.
Congratulate Tom
at 314 994 4292 or by clicking here.
Congratulate
Floyd
at 314 994 4445 or by clicking here.
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NAI
DESCO adds Brokers and Services
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While other
companies are downsizing, NAI DESCO is expanding. The
last quarter has seen new additions to the staff of the
St. Louis based commercial real estate company.
Mark Schnuck, President of NAI DESCO, says the new
additions provide a valuable role for the company.
“With the new brokers, we are able to better serve the
medical office sector in St. Louis, a sector which should continue to see steady growth in
the coming years.”
Matt Hirsch and Barry Iken, the newest brokers to the
team, come to NAI DESCO with a combined 18 years of
experience in commercial real estate with an emphasis in
the medical related field.
Hirsch and Iken, who have worked with a diverse range of
healthcare providers from the single physician office to
national healthcare corporations, believe that their
move to NAI DESCO will help facilitate significant
transactions in the months to come.
“I believe with our proven track record, the support
of NAI DESCO and the NAI Network, we will not only
continue to deliver high quality real estate brokerage
to a wide range of clients, but this will open
significant opportunities to reach more clients,” says
Iken.
Major projects for the duo include the Laboratory
Corporation of America assignment where Hirsch and Iken were charged with
procuring and leasing over 40 medical facilities across
eight states, including their regional headquarters. In
addition, Hirsch assisted Land Dynamics Inc. in the
conversion of a 105,000 sq. ft. office
building to a physician owned and occupied medical
building.
Hirsch is optimistic on the outlook of medical real
estate stating “the Healthcare sector remains very
strong. Respective of economic conditions, people will
require treatment by healthcare professionals who will
need facilities to treat their patients.”
Contact Matt
at 314 994 2324 or by clicking here.
Contact
Barry
at
314 994 2323 or by clicking here.
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NAI
DESCO welcomes Gary Essman and Ken Hearst
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NAI DESCO is pleased to announce that Gary Essman and Ken Hearst have joined its full-service commercial real estate team as retail
specialists. With a combined 42 years of experience in commercial real estate, Gary and Ken bring a unique combination of skills and experience to the company.
Contact Gary
at 314 994 4184 or by clicking here.
Contact
Ken at
314 994 2325 or by clicking here.
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Chief Economist Peter
Linneman's Global Economic Outlook briefing now available
On Demand
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NAI’s recent quarterly Global Economic Outlook
briefing with Chief Economists Dr. Peter Linneman is
available now On Demand!
Simply
follow
this link, register (if you haven’t before) and
you will gain access to Dr. Linneman’s insight into
today’s economic climate, where the trust has been
lost, how long the Great Capital Strike will continue
and what you need to know to get through this economic
minefield.
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NAI DESCO named a Top
Brokerage Firm for 6th consecutive year
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CoStar
Group, Inc. has named NAI
DESCO as a 2007 Power Broker in the Top Brokerage Firm
category for the sixth consecutive year. Five
members of NAI DESCO also received individual 2007 Power
Broker awards based on their volume of commercial property
sale or leasing transactions (Trish Dervin, Andy Port,
John Sheahan, Peter Sheahan and John Shuff).
Awarded to top brokerage firms and dealmakers in 62
markets across the country, the 2007 Power Brokers are a
distinguished group of firms and brokers who conducted
billions in leasing and sales transactions last year. Only
a small percentage of all brokers and firms that were
eligible for this highly coveted award were selected.
Read more about CoStar and this award here.
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Five NAI DESCO brokers
earn Global Elite status as top performers in
the NAI Global system
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NAI Global
named five NAI DESCO associates, Trish Dervin, Tom Erman,
Kevin McKeon, Andy Murphy and Floyd Sweeney, to the NAI Global
Elite, a group comprised of the organization’s top performers and top producers.
The five qualified as Top Performers at the Silver Elite level based on
production in 2007.
Sweeney
was also recognized in the Global Elite Hall of Fame, an
honor distinguishing individuals with at least five years
in the Global Elite group.
To contact our Global Elite brokers, please click here.
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NAI DESCO named a Top
Brokerage Firm for 5th consecutive year
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CoStar
Group, Inc. and Real Estate Forum Magazine have named NAI
DESCO as a 2006 Power Broker in the Top Brokerage Firm
category for the fifth consecutive year.
Awarded to top brokerage firms and dealmakers in 62
markets across the country, the 2006 Power Brokers are a
distinguished group of firms and brokers who conducted
billions in leasing and sales transactions last year. Only
a small percentage of all brokers and firms that were
eligible for this highly coveted award were selected.
Read more about CoStar and this award here.
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Principal John Sheahan
presented with the Chairman's Award for excellence in
office management
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The
award is presented by NAI Global to the Business Director
who exemplifies the Right Stuff as it relates to the
effective management of an NAI office including
leadership, business generation, consistent service
delivery, participation and integration of NAI tools and
resources throughout the firm and as part of the
enterprise.
John received the award in the US Primary Market Division.
Also nominated were business directors in Chicago and San
Francisco.
Read more about John Sheahan here.
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NAI DESCO's Tom Erman
featured columnist / speaker
on Eminent Domain
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Delivering
a message of "Balanced Approach," Tom Erman
has shared his ideas on Eminent Domain at the recent SIOR
Forecast and in Area Development Magazine.
Read the entire article here,
reprinted with permission of Area Development Magazine
from their Aug/Sept 2006 issue.
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NAI DESCO named
exclusive leasing agent for Chouteau's Landing
in Downtown St. Louis
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Chivvis
Development has revealed a three-phase plan
to revitalize the largely abandoned warehouse district located
to the south of I-64 with a mixed use development of office,
retail and residential lofts.
In the first phase, beginning May of 2006, the three-story brick warehouse at 904-908 South 4th
Street was converted to white-box finish. The building
is now available for lease to retail and office users.
Additional
phases are scheduled for early 2007 and late 2008 and will
include the buildings at 756 South 4th Street and 900-902
South 4th Street.
For more information, contact Andy
Murphy or view the Brochure.
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NAI
DESCO assists Ruth's Chris Steak House in their
return
to St. Louis
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After
leaving the downtown market in 1998, Ruth’s Chris
Steak House is returning to St. Louis thanks to the
efforts of a new franchise owner and the NAI DESCO
retail team.
Bacchus
LLC, the owners of the St. Louis territory franchise,
contacted NAI DESCO following successful transactions
within the NAI network. Bacchus was looking for a site
that could draw from a large daytime and evening
population as well as an area that could support higher
ticket items.
The
new location, at the Shaw Park Plaza in Clayton, fits
that bill. With a large number of employees from
surrounding businesses, Ruth’s Chris will be able to
offer lunch as well as dinner. An outdoor patio is also
available.
The
restaurant opened in January 2006 with a second store
planned for 2007. Contact the NAI
DESCO Retail Team if your have an ideal restaurant
location.
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