This past Wednesday morning, the City of Jonesboro took a monumental step in filling one of its strategic deficiencies. By a 6-0 margin, the city’s Advertising and Promotion Commission exercised its constitutional authority to leverage the lion’s share of the receipts of the 3% hotel and motel tax they collect against a loan from City Water & Light in order to purchase a long-sought after 14 acre tract on which to build a Convention Center. More >
Believe it or not, the time is quickly upon us when we will close the books on 2011 and start a new chapter in our company and our community in 2012. It’s almost hard to reconcile that over a decade has passed since we were all scurrying about trying to figure out if our IT departments were as ready for Y2K as they had promised!
What a year 2011 has been…and by indicators, what a year 2012 promises to be! More >
It’s no secret that the global economy has changed the way we all do business. What used to take days can now be accomplished in seconds; and teams can be assembled virtually via new technology in ways that has completely transformed the infrastructure for building a competitive business model.
One of the hottest topics in commercial real estate for the past 18-24 months has been the impending “bursting of the bubble” on commercial loans coming late in 2012 and beyond. Market conditions that led to inflated values of real estate when it was initially purchased have dissipated, leaving property owners with the dilemma of facing refinancing on property that in many cases isn’t worth as much as what is owed against it. Given the current state of lending, many have speculated that banks wouldn’t be willing or able to extend financing past the initial maturity date. More >
Today started out like any Monday…coffee brewing early at the office, what didn’t get finished Saturday afternoon was still right there waiting to be picked back up. Granted, the stormy start to the day left something to be desired, but by the time I’m putting this blog together it is 50 degrees outside my window and the sun is shining. More >
Have you ever known what it felt like to be the center of attention? You know what I’m talking about, where when you walked into a room it felt like all eyes were on you. Maybe you had one of those “EF Hutton” moments, where people hung on every word out of your mouth. More >
The U.S. Census Bureau released numbers today for Arkansas. I got them while attending a session with renowned economist Dr. Peter Linneman here at the NAI Global Conference in Las Vegas.
First, to our good news. More >
You will know all about!
I write this blog as I am preparing to leave this weekend for the annual NAI Global Conference in Las Vegas. We will be there for several days hearing from and meeting with some of the top executives in our industry from around the world; talking about issues, trends, projections, and ideas. I have found NAI to be an uncompromising resource for our company and our clients. More >
Sometimes all it takes is a song.
You’re riding along, an all-too-familiar tune starts playing and you are instantly taken back to the sights & sounds of a particular person, place or era in your life.
1985 seems like an eternity ago. I was a junior in high school that year, but more significantly, 1985 was the year that John Fogerty released his third post-Creedance Clearwater Revival solo album. For those of you who aren’t familiar with Fogerty or Creedance, take a short break from reading the rest of this blog and do a quick internet search. This will be much more of an entertaining read with a little music in the background. More >
As with any profession, in order to be successful in the commercial real estate market you have to be willing to spend a great deal of time anticipating what the needs and desires of the market are going to be. I pride myself on the team that we’ve put together here at NAI Halsey, particularly in their commitment to investing that time and in the successes we’ve had by hitting the mark far more times than missing it. More >