Leading Commercial Broker tells CCIM Group Participants that Real Estate Cycle has hit Bottom

March 26, 2009 - PRLog -- “I have not had a week go by this year where I haven’t had multiple phone calls from people asking us to take over their accounts,” said Crossman during the seminar with a focus on retail property.

“The same week I started getting those calls, I also had a call from a national group that is looking to buy, and has $900 million in cash to spend. That tells me we’ve hit the bottom,” he explained to the group.  

“That doesn’t mean there’s not more bad news coming,” Crossman cautioned. “But whenever there is turmoil, there are opportunities,” he said, “and there are people who want to take advantage of those opportunities.”

Crossman told the group he is recruiting leasing associates who have a passion for real estate and a desire to succeed on their own terms.

“In this real estate cycle, there will be many brokers who find their greatest career successes,” Crossman said. “Passion, continuing education, hard work, attention to details and perseverance are fundamental character traits that are now bankable assets in this market cycle,” he said.

For more information please contact:
John Crossman CCIM, President, Crossman & Company, 407-581-6218
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

About Crossman & Company
Crossman & Company is one of the largest third-party retail leasing and management companies in Central Florida, based upon the total number of retail square footage. Founded in Orlando, Fla. in 1990, Crossman & Company is a full service commercial real estate firm that advises its clients in leasing, management, development and investment sales of retail and office properties. Please visit www.crossmanco.com, or call 407.423.5400 for more information.