Sunday, December 20, 2009

Commercial Florida Executive to Speak at Distressed Real Estate Summit in Tampa

ORLANDO, Fla. --- Jeffrey Sweeney, (top right photo)  SIOR, president of Grubb & Ellis Commercial Florida in Tampa, Orlando and Melbourne, will be a featured speaker at a Distressed Real Estate Summit in Tampa on Feb. 12.

Sweeney is recognized as one of the state’s leading authorities on distressed commercial properties. Last year Sweeney inaugurated a Distressed Properties Division at Grubb & Ellis Commercial Florida and the firm currently is involved with more than 125 distressed commercial properties valued in excess of $175 million throughout Florida.

“The national real estate slowdown that started four years ago is affecting the commercial real estate sector now and we expect to see more properties in distressed stages in the future,” Sweeney said.

“The lending community has begun to aggressively address distressed assets and we anticipate greater activity in 2010,” Sweeney said.

Grubb & Ellis Commercial Florida created a new division to focus on analyzing and appealing property tax assessments, which can substantially reduce operating expenses and stave off foreclosure efforts, Sweeney said.


Jeff Sweeney, SIOR 407-481-5387, 315 E. Robinson St. Suite 555, Orlando, FL 32801,
Larry Vershel Communications, 407-644-4142

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