IRVINE, CA (Feb. 15, 2011) - Sperry Van Ness® / SVN Management, Inc. held its quarterly Broker Forum event on January 31, 2012 at The Pacific Club (middle left photo) in Newport Beach, Calif.
With more than 150 guests in attendance, the free, networking event attracted brokers from various companies who shared their listing inventory with fellow attendees.
“The Broker Forum’s were created in the spirit of broker cooperation and collaboration to foster networking of local commercial real estate brokers,” said David Mashian, vice president of business development for Sperry Van Ness® / SVN Management, Inc.. “Attendees were very happy with the networking and presentations at the event.”
The Broker Forum was sponsored by the Orange County CCIM and the Board of Realtors as well as many corporate sponsors including Bank of America, Globe St. IPX 1031 and George Smith Partners.
According to Mashian, the presentations outlined that buyers wanting to purchase distressed commercial real estate in the future will most likely have to buy the notes from the banks, and will be responsible for foreclosing on the asset to get possession.
It was demonstrated that much of the distressed assets exists as shadow inventory and will take the next three or more years to clear through. Furthermore, it was made clear that much of the discount in pricing for assets in the market reflect true market value and to be cautious when purchasing.
Sperry Van Ness® / SVN Management, Inc. holds Broker Forum events every quarter. The next event will focus on social networking, applications and technology for commercial real estate brokerage.
“We want to make the Broker Forum a value added experience for commercial real estate brokers where the presentations, networking contacts and sponsors will bring real benefits to attendees,” said Burton Young (top right photo), president of Sperry Van Ness® / SVN Management, Inc. “Our company is very much about bringing benefits to all our agents and the brokerage community through proactive cooperation and collaboration.”
For further information, contact:
David Mashian | Vice President, Business Development
Sperry Van Ness – Irvine | SVN Management, Inc.
18881 Von Karman Avenue, 8th Floor | Irvine, CA 92612
Mobile 310-903-6907 | Direct 949-705-5006
Megan Morales
Sperry Van Ness
714.273.2472
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