Spotlight On: David E. Gilmore, CCIM, CAI, AARE – Sperry Van Ness/Gilmore Auction & Realty Company

February 22nd, 2012 by Ori Klein

Spotlight on . . .David E. Gilmore

This month we’re putting our Spotlight on David E. Gilmore, national auctioneer, managing director and Chief Operations Officer for Sperry Van Ness Accelerated Marketing Company/Gilmore Auction & Realty Company. With over 25 years of experience in the industry, David’s background covers all facets of real estate. We recently spoke to David on several topics including the current market, bank-owned properties, and online auctions.

We are seeing more reports almost daily that we may be at least near equilibrium regarding distressed CRE.  The latest report from GlobeSt.com offers:

Delta Associates will report later today that US distressed commercial real estate has hit a plateau. If that sounds familiar, it is–the research firm declared in its last quarterly report that signs were mounting that distress was peaking and heading into a long period of plateau. “We were right,” Delta CEO Greg Leisch tells GlobeSt.com.

For the rest of the story, click HERE.

According to Bloomberg, commercial real estate is “moving up.”  This would help to confirm the sense we are also getting that conditions are improving.  From our Sperry Van Ness associates nationally, activity is increasing.  And more sellers are now ready to consider using auctions to move commercial real estate. The article begins:

Conditions in the commercial real estate market improved nationwide in the third quarter with all seven property types moving out of weak rankings, a study released by Moody’s Investors Services on Thursday showed.

For the entire Bloomberg article, and specific stats from each asset class, click HERE.

What about you?  Is commercial activity increasing at all in your market or firm’s efforts?  Please tell us in the comments section below.