CDC Commercial Inc
April 2015 Monthly Letter

“In general, the art of government consists of taking as much money as possible from one party of citizens to give to the other.” –Voltaire (1764) Commercial real estate values continue to climb in the first two month of the year. Some of this has to do with good fundamentals

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March 2015 Monthly Letter

As I sit to write this letter, Janet Yellen the Federal Reserve Chair announced the Feds “continued patience” with the recovery. I read that as, conditions are sufficiently lackluster that the Federal Reserve has little choice in their bag of tricks but to stand pat and watch their previous mistakes

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February 2015 Monthly Letter

Happy Ground Hog Day! And while I am at it Happy Chinese New Year. This year is the year of the sheep. Well, in fact, it is the year of the goat. Political correctness and spin tells us it is the year of the sheep because the sheep is one

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January 2015 Monthly Letter

Happy New Year! As many of my long term readers remember, I put out the annual Gold Report each year with our forecast of the year ahead. As with many businesses, the internet with big data and instant access has kind of made the annual Gold Report forecast outdated. However,

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December 2014 Monthly Letter

“The only time my prayers are never answered is on the golf course.” — Billy Graham Something that I have often observed throughout my 30 years in commercial real estate, is that top producers don’t spend much time complaining about how difficult it is to close transactions or make money

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November 2014 Monthly Letter

Some of you already know this but late in October, in my quest to run a marathon on all 7 continents, I knocked off South America by running in the Galapagos marathon. Sure 541,000 people a year cross the finish line in 1100 U.S. marathons. It is difficult – extraordinary,

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October 2014 Monthly Letter

As we approach Halloween and the political season moves into full swing, I have determined that Halloween is a holiday created by politicians because they want to teach children to knock on other people’s doors and ask for a handout! Despite my opinion, the average household plans to spend $125

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September 2014 Monthly Letter

 “There are those in life that make it happen. There are those that let it happen. and there are those that wonder – what the hell happened!” As school goes back into session, I am reminded that our economy is like high school – you survive it. Last week Fed

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August 2014 Monthly Letter

“Health is the slowest possible rate at which one can die.” I try to keep these kinds of thought in mind as my 53d birthday approaches this week and I pound out my morning runs and drink my green smoothies. Speaking of green and living a long time, people are

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July 2014 Monthly Letter

The number one issue affecting commercial real estate in the near and long term? America’s growing energy independence – this according to Chicago based Counselors of Real Estate. Energy’s implications are twofold. Rising energy costs act like rising interest rates and put a damper on the economy and rent and

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