This wouldn't be an interesting topic if we discussed it in 2004, when there were minimal commercial property foreclosures, if any. However, in today's economy, a lot of properties are purchased as a result of a foreclosure, rather than by agreement between the owner and seller. Purchasing commercial property through a foreclosure sale poses some interesiting and significant isssues and problems and opportunities for investors, property managers and attorneys.
Further complicating everyone's job are situations in which the buyer is the lender foreclosing on the property.
This show will address some of the key issues faced by property managers and attorneys who represent buyers aftter the purchase of a commercial property after foreclosure.
While property managers and the owners attorney have the same general responsibility to maximize revenue, profit and value of the property, their focus is a little different. So we have invited some very experienced professionals to provide the property manager and leasing brokers perspective.
Featured guests for this show will be Kevin Cavanaugh, Chief Operating Officer and Jim Patton, Director of Leasing & Acquisitions, both of NewMark Merrill Companies, reported as one of the fastest growing private companies since 1997. Newmark Merrill is a real estate, acquisition, development, property management and leasing company focusing on retail and shopping center properties.
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