Could a downtown Greensboro performance center go in the South Elm St. development?
The Redevelopment Commission of Greensboro anticipates having a master development agreement in place before the end of the year and selling seven acres of city-owned land to a developer in December for a mixed-used project at South Elm and Lee streets. The commission gave a nod to the timeline during its meeting that laid out the three-step process leading up to breaking ground next year on the $42 million project that is expected to include 168 market-rate apartments, retail space, a 75- to 90-bed hotel and 25 town house or condo units...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=67MmAZ3IYP0:Fh9hfhkuM_8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=67MmAZ3IYP0:Fh9hfhkuM_8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=67MmAZ3IYP0:Fh9hfhkuM_8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=67MmAZ3IYP0:Fh9hfhkuM_8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=67MmAZ3IYP0:Fh9hfhkuM_8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=67MmAZ3IYP0:Fh9hfhkuM_8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a> </div>


do? What have they been responsible for? You will also begin to understand the value of properties in your community, where certain properties are beginning to decrease in value due to poor management and outdated amenities, as well as what opportunities you may take advantage of in the future.

The second tip is to read, read and read on everything commercial real estate. You need to understand the industry inside and out to truly be successful. Have a certain type of property you enjoy, such as apartments or office parks? Then focus in a certain area. How about a specific strategy such as purchasing foreclosure, bankruptcy or declining properties and adding extreme value to the bottom line? Or perhaps you are interested in simply holding properties and then selling when the market demands the ultimate price. The more you know, the more successful you can become.

The last and most effective tip I am going to give you today is to seek out a successful commercial real estate investor whom you can study, model after and even adopt as a mentor.

Who do you notice in your community that is always ahead of the commercial real estate game? Repeatedly purchasing properties and creating value within the community. Ask these people for advice- but always come prepared. Schedule a meeting or a nice dinner or lunch meeting. Always thank them for their time and send a thank-you gift explaining how the information helped you and that you look forward to their next meeting. Offer to help in any way you possibly can- simply for the education.

I think you would be surprised how many people would be willing to teach you the ropes for a helping hand. Always listen and approach the situation as a learner- not an expert. Never step on their toes and take in the experience. Watch for details and specific strategies and eventually you too will be one of the big players in the industry.

Think you have what it takes to be a successful commercial real estate investor? We at Maverick Real Estate Investments, Inc. do. Learn from those who were successful before you and remember to always listen and be aware of the trends around you. Observation, reading and listening are the best ways to completely immerse yourself in the commercial real estate industry.

The commercial real estate industry is available to those who seek out its benefits. Follow these tips and you will be on an accelerated journey to success.

Article Source: http://activeauthors.com

Specializing in commercial and investment real estate, Tony Seruga, Yolanda Seruga and Yolanda Bishop are always searching for new and profitable commercial properties across the U.S. Visit www.maverickrei.com for more great information.


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