Quality
It seems like whenever there is an economic downturn or fear of instability there is a flight to quality. You see it in the stock market, precious metals and international investments to name a few.
It also manifests itself in real estate where the saying “a rising tide lifts all boats” was never truer. In an overheated market, grade B and C properties get leased, financed and sold but dealing in sub-prime product is like playing musical chairs. When the music stops, if you aren’t sitting down, you are in trouble.
This is playing itself out now across all geographic areas and all asset types. The extent of problems is mitigated through deleverage and smart management. Gadinsky Real Estate is navigating through these uncertain times with a combination of both and just as we have flown to quality in the tenants we do business with; they in turn have sought us out to help them continue to grow their retail network.
In 2010 we have secured sites for TD Bank and JP Morgan Chase, secured a 29,000 sq. ft. Publix lease to anchor the Market Square project in Kendall, consulted with the Miami-Dade County Aviation Authority on a significant 30 acre commercial parcel and been hired to market high profile retail projects in S. Miami and Homestead on major traffic corridors.
So whether you are a property owner looking for consulting, a retailer looking for representation or lender trying to rebuild a client list, quality should be your first criteria and Gadinsky Real Estate should be your first choice. Experience, integrity and track record will shine in any market but never more brightly than when times are tough.
By Seth Gadinsky