CARLSBAD, Calif. - Capstone Advisors, a leading institutional advisor and asset management company, is pleased to announce the company's most recent asset management assignment, which involves a 1,500-plus lot community in Riverside County for an institutional real estate lender.
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[Excerpt] "The next stage of the recovery is about money, or as Alex Zikakis of Capstone Advisors Inc. puts it, "Once the banks get their capital back up, then they will start dumping assets." The point is that there will be little room for new development until the old inventory is cleared out through sales, rehabilitation, retrofitting and changing uses. There is no way to get around it. "It will be a long road to recovery," stated Zikakis.
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[Excerpt] Alex Zikakis of Capstone Advisors noted the need to make money in every part of the real estate cycle and to make changes to one’s business model to stay ahead of the trends. He reflected, however, on the dangers of being too opportunistic in a down market and being "too quick to pull the trigger."
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Investors with funds for acquiring distressed commercial real estate and troubled mortgages are looking not only for assets managers but experienced operating partners to help them handle the properties they acquire, according to a panel assembled by the San Diego chapter of NAIOP, the commercial real estate development association, on Nov. 10 at the Marriot San Diego Del Mar.
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