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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (21892)	7/1/2004 12:27:38 PM
From: Micawber	Read Replies (2) \| Respond to of 306849

I was an industrial developer in New Jersey for 15 years. I had no idea that industrial real estate was such a safe haven. I guess that massacre back in the late 80's/early 90's was just a dream, as were the thousands of buildings whose keys were handed to lenders. Industrial rents in New Jersey are just now approaching what they were in the mid 80's. The problem is that land costs are higher, building costs are higher, and clear heights on new buildings have increased from 24' to 32', further driving up costs. I'd be interested to know what some of the unleveraged yields are on your holdings, and where they are.

To: X Y Zebra who wrote (21892)	7/1/2004 3:57:48 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

Thank you for your input and the link. I though of adding to my reply that I was looking at commercial buildings. And I've considered going out of area, even state, sense I already have a residence in Oklahoma. Which is held by a relative other wise I wouldn't hold it sense I like to keep a eye on my property personally. I was involved in commercial open yard space property during the nineties. Rents took a haircut of around 30-40% but it finally paid off in equity. The experience left me with some hesitation sense my residential property didn't see a rise in rent during that period it also didn't decline. I switched brokers a couple years ago and the broker I have now has became ill and can not continue actively so I'm a bit adrift with what's available. Some po-po brokers but for myself I have found them profitable. Those I work with can be considered in the top 10%. The past two I used I've known for many years. Luckily I have a couple more of the like that I can trust. All have been in the bis for many years and have repeat clients going way back so one occasionally has an opportunity for something that's not been on market for sometime. But none are specialist in commercial alone but they do know those old timers and come across listings that one needs to move on with haste. I'm going to have to get on the horn and do some looking. I have a couple of ideas and my brother is wanting another condo in Hawaii. Nice place but it ought to be for 600k. Lastly if I can role it into commercial I know I don't want anymore wood structures if I can help it. have a day