When I first thought about buying deals I sat with an experienced investor. He asked me then after 18 months how many deals I expected to own. Told him 5-6. He laughed & told me I’m insane if I think I’m buying good retail deals quarterly. (Note at time I was not a fund and didn’t have a Team). Was great advice.
@EinhornGabe Yes, but the Tribeca area code ($3.7m) likely has >70x the number of residents as Fisher. Fisher is a very small population. All obviously very wealthy.
@jrblackshirts@realEstateTrent@HawkinsEntrekin 1) that’s my thinking.
2) my 1st question this am was if the broker is a leasing broker or sales broker.
3) a leasing broker may not want the property sold — esp. when the inquiring group leases in house & won’t retain said leasing broker
4) 100% a wild reply regardless
@jrblackshirts@realEstateTrent@HawkinsEntrekin To lease.
(In general but not applicable in this case - people hire brokers to: finance/refinance, raise equity, hire brokerages to property manage, etc).
@jrblackshirts@realEstateTrent@HawkinsEntrekin Maybe (and agreed that would be wild), but doubt it because @realEstateTrent said he asked if his client would be interested in selling which makes me think the broker wasn’t hired to market the real estate and they were reaching out off-market.
@realEstateTrent@HawkinsEntrekin When you say a broker do you mean he/she leases many properties or sells many? If he is selling, I doubt (maybe I’m wrong) he exclusively reps this landlord. If he’s an investment sales broker, why don’t you have another sales broker reach out or go direct to the landlord?
Have you submitted an offer on any of this broker or owners other properties? Maybe one (or both) was upset by the offer & thinks you low ball.
If it’s a leasing agent, maybe they don’t want to lose the leasing assignment knowing you lease in-house?
Not justifying the response. Understand your surprise. Just trying to help why he’d reply that way.