What is the draw of luxury branded real estate headed in today’s economy? What does throwing a well-known name behind a piece of property mean? As this article states, the name of someone like “Versace” can carry a great deal of weight, even when it comes to real estate: http://www.cnbc.com/id/49638752
We sent out this letter (fromhttp://www.bradleyscohenassetmanagement.com) to our investors at the tail end of 2009. While things were somewhat rough economically back then, it appears that 2012 has been a year of albeit slow promise for commercial real estate. One example of this: industrial vacancy rates are expected to decline from 10.7 percent to the third quarter of this year to 10.5 percent in the third quarter of 2013.