From the May 6, 2008 Wall Street Journal, in an article by Cyril Moulle-Berteaux.
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.
The boom made housing unaffordable for many American families, especially Read more »
There is nothing more frustrating than the hundreds of “experts” on real estate investing. Search YouTube for “real estate” or “real estate investing” and you will find thousands (seriously, THOUSANDS) of people trying to hawk their products for free on YouTube and then convince people to sign up for their wonder program.
Check out this guy… Read more »
After some boring domain name forwarding issues, entering www.willhicks.com into your address will once again connect you with “Commercial Real Estate in Memphis and our Galaxy”. Try it. It’s fun. All the cool kids are doing it.
I got an email advertising the website “RealEstateNewsDesk.com”. It takes news feeds from several different sites like Google News, NYTimes.com, and MSNBC.com and puts them all on one screen for you.
Most of the articles are residential themed, but there may be some use for you.
Memphis based Crye-Leike, Realtors
Commercial Property Affiliate Broker Will Hicks
Completes Commercial Real Estate Course (CCIM)
MEMPHIS, TN.– Crye-Leike, Realtors Commercial Real Estate Affiliate Broker Will Hicks has successfully completed the Financial Analysis for Commercial Investment Real Estate (CCIM, CI 101) in Nashville.
“This course is part of the curriculum toward earning the designation of a Certified Commercial Investment Member (CCIM),” said Hicks. “The CCIM is an invaluable resource to the commercial real estate owner, investor and user and is among an elite corps of 86-hundred professionals who hold the CCIM designation across North America and more than 30 countries.”
Hicks’ works with buyers and sellers of business and investment real estate in and around Shelby and Desoto counties. He is a member in good standing of the National Association of Realtors, Tennessee Association of Realtors and Memphis Area Association of Realtors in which he serves on the Member Services Committee.
“Recognized for its preeminence within the industry, the CCIM curriculum represents the core knowledge expected of commercial investment practitioners,” said Hicks. Read more »
Someday, I’ll be able to check the news without hearing about our own Kennedy-lite family. Here’s the real estate related Ford family news, whether you like it or not. Check out this news story, and then check out the (conspiracy?) theory about “the rest of the story”.
From the Commercial Appeal:
Memphis City Councilman Edmund Ford may be able to keep his mortuary in its Whitehaven home after all.
His landlord, Dennis Churchwell, had threatened to auction off the 5.8-acre property on Elvis Presley because of its notoriety. It’s where Ford was allowed to rack up a five-digit Memphis Light, Gas and Water Division bill, touching off a scandal that led to the resignation of the utility’s president.
But after the live auction Saturday afternoon, the property’s only bid came from a lender of the Supreme Lending Group in Memphis, who offered Churchwell $750,000 to purchase the property on Ford’s behalf…
The little letter to the editor I wrote last week was published in Friday’s Commercial Appeal. Here is the official version.
Real estate commission’s a bargain
The writer of your May 16 letter “Not the business of legislators” repeats the familiar cry: “Sell real estate by yourself and save thousands in commissions.” That would be great if it were true.
From July 2005 to June 2006, the median price of an agent-assisted home sale in Memphis was $212,000. The median price of a home sale by an unrepresented seller was $166,000. That’s a difference of $46,000. Figuring a good agent will cost you 7 percent of your $212,000 (about $15,000), you’re better off by $31,000 using an agent. Everyone wants to save money, but being a “do-it-yourself” real estate agent is no better than being a “do-it-yourself” lawyer or doctor.
Will Hicks
Memphis
From the NY Times:
Less than three weeks after putting the historic headquarters of The New York Times Company on the block, Tishman Speyer Properties sold the building for $525 million, three times the $175 million it paid in November 2004…
In Midtown, “for anyone looking for a block of space in excess of 300,000 square feet during the next two years for less than $100 per square foot, this is your only option,” said Darcy A. Stacom, the broker at CB Richard Ellis who sold the property for The Times in 2004 and handled the sale to Africa Israel for Tishman Speyer.
$525 Million? <whistle>. The building was on the market for less than three weeks and it sold for $525 Million? Three years ago ol’ Darcy A. Stacom sold the same building for $175 Million. Those were a couple good years for him. He must have been off his game in 2005 and 2006.
If you’re looking for more info on the “iPods for commercial referrals” offer, click here…
I promise I don’t read Parade magazine. I wouldn’t have known about this if another guy in my office hadn’t tipped me off.
Parade Magazine has their annual “What People Earn” issue this week. Every year they have 70 or 80 headshots of people from across the country with their name, job description, and what they made last year. The subjects run the gamut, from Steve Carell of “The Office” fame ($9 million) to Gary Fearn, a minister from Pueble, CO ($9,000).
While interesting, the reason I got a text message on a Sunday afternoon about this was the inclusion of one of our own in the magazine. Crye-Leike Commercials’ own Tucker Beck has a headshot in Parade Magazine. I’ve got a scan of the whole page after the jump. (This is probably the only place you’ll ever see Tucker and Maria Sharapova together).
Will Hicks is an affiliate real estate broker licensed in the State of Tennessee. Prior to his career transition into real estate, Hicks was a SCUBA Instructor with the International ALERT Academy of Big Sandy, Texas and the National Academy of Police Diving, based in Miami, Florida.
Hicks says he’s been asked many times about the odd transition from SCUBA Instructor to Real Estate Agent. “Teaching people how to SCUBA dive was the most fun 10 years of my life. But you can’t eat fun.” You can’t pay the rent with it either.
You can reach Will Hicks in Memphis at (901) 758-5670 or (901) 828-9200.
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