RozMitchell
Acquisition of NAI Global by C-III Capital Partners is Complete
NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that it’s previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world.
NAI 1st Valley Real Estate is the local member of NAI Global. Randy McMillan CCIM, SIOR;, Qualifying Broker of NAI 1st Valley is especially encouraged by this move: “CIII is a powerhouse – this month they were named as the Number 1 company to watch in 2012 by Real Estate Forum…
Hal Henthorne: Mover and Shaker
Our very own Hal Henthorne has been recognized by the Las Cruces Sun News as one of the “Movers and Shakers of 2012″. Hal joined our office not too long ago, and has been a valuable asset to NAI 1st Valley, and a wonderful person to work with! Hal is also the president of the board of directors of the Las Cruces Downtown Partnership (LCDP), a nonprofit organization of businesses and individuals who are promoting downtown revitalization.
Mayor Ken Miyagishima said of Hal:
“Hal has been instrumental in elevating the success of the Las Cruces Downtown Partnership,” Miyagishima said. “Through
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NAI 1st Valley Annual Christmas Party
On Friday, December 16th, 1st Valley had its annual Christmas Party. This year, we chose to have our holiday fun at the Saratoga Room, catered by Lorenzos. The food was fabulous, and the holiday spirit was, as Walter is fond of saying “abundant”. Here’s hoping you have a wonderful Christmas, and a prosperous New Year!
Denny Loverin – El Jefe
Congratulations to Denny Loverin, our El Jefe for May! Denny closed some great deals to come out on top this month!
Beware of Inflation
Dr. Peter Linneman has released a new white paper about inflation, and it’s a great read! Find out what he has to say!
Banks are beginning to loosen lending standards, though from extremely tight levels. They are once again paying loan production bonuses, and 25 CMBS shops have been created almost overnight with an aggregate target of $50 billion in loan production. Lending activity by commercial banks has increased by $83.3 billion over the past two quarters. With the banking system sitting on nearly $1 trillion in excess reserves, it possesses staggering lending capacity, as it can lend approximately 7.3
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