Natural Disasters: Are You Ready?
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Yesterday's CCIM luncheon at Carlucci's in Rosemont featured Forsythe's Michael Croy, second from left (with RE/MAX Commercial's Michael Lunn, Premises Group LLC's Robert Rourke and National Realty Network's Peter Petrouski), sharing wisdom on continuity planning. He cited the scholar Yoda: "Do or do not, there is no try." Translation: make plans for what to do if your tenants experienced a natural disaster or security issue, and get it right. He recommended hiring a third party or advising your tenants hire one. |
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Transwestern's June Garby, SomerCor 504 Inc's Raymond Graves, and Trandai Realty's Ann Trandai chatted about the markets. Ann recently sold a $900k apartment building in Skokie; all cash. She likes the 12-unit structure because of its location and rising rents in the Chicago area. |
