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7 April 2020 | 28 replies
I closed one last week in Vegas were buyer got the 30 day layoff all Casino workers got.. she just needed a letter from Said Casino that she would go back to work once the 30 closure was over.. loan funded last Friday.. so it will be interesting.but of course if credit freezes again and no one pays rent we are all in very big trouble.
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25 March 2020 | 2 replies
Right now high activity/interest spaces:Real Estate (lower interest rate) Stock Market (casinos are closed) Dogs (pounds in NY don't have any left) not crowded spacesus $$ very strong maybe buy property in Brazil.
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23 August 2022 | 6 replies
I'm sure if/when it does you'll see everybody and their mother saying "I told you so", but they've been telling us so for forever now and it hasn't come to pass.You may be right this time, but it's just made me very aware that I don't have the market knowledge or sophistication to place any bets on that being case.
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28 March 2020 | 0 replies
In addition, this property gives any tenant immediate access to the highway and can get one to the casino, Heinz Field, and PNC Park within 10 minutes.
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4 April 2020 | 1 reply
Conversely, casinos and other gambling businesses, agriculture enterprises, religious and charitable organizations are ineligible.Business Interruption InsuranceMost policies exclude interruption for viruses.
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2 April 2020 | 24 replies
Casinos never go out of business because the house always wins in the end, because that's how the numbers are arranged.
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8 February 2021 | 88 replies
When we hit that tipping point, the role of the appraiser will be obsolete (at least for standard appraisals in the beginning, and more sophisticated and bespoke scenarios over time).
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5 April 2020 | 61 replies
I work for a family office in Manhattan with $300MM+ in assets, I can tell you, successful sophisticated Landlords and the larger real estate companies who own hundreds of millions of dollars worth of residential and commercial real estate are not sending e-mails to their tenants offering rent abatements or discounts right out the gate.
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10 April 2020 | 84 replies
I have never seen all the casinos shut down in Las Vegas.
17 April 2020 | 9 replies
I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family member who's interested in being a passive investor, and I'm fairly sophisticated in terms of general investing know-how (financial modeling, Buffett-style value investing, general MBA stuff, etc.).