Young and restless moguls snap up properties. (Michael Fuchs and Aby Rosen of RFR Holding Corp.)

From: Crain's New York Business | Date: May 27, 1996| Author: Feldman, Amy | Copyright information

German natives tap family cash, foreign banks to fund purchases

One recent Friday afternoon, a sales broker phoned Aby Rosen with a deal on a renovated loft on 18th Street. Mr. Rosen, a 35-year-old native German, immediately trekked downtown to check out the property and put in his bid.

"Aby was offered the property at 3:30 in the afternoon on a Friday, and acted on it within two-and-a-half hours," recalls Richard Baxter, a sales broker at Edward S. Gordon Co. "We m...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

REAL ESTATE BOOM - FOR CAMPAIGN FUND-RAISING
The Boston Globe ; Developers, real estate professionals, construction contractors, architects, consultants to developers, and others associated with Boston's building boom who have donated money to Mayor Thomas M. Menino this year: Date|| Donor|| Amount|| Position 1/19 Bruce Beal $500 Partner, Beal Cos. 1/19 Robert
TO MANY ADVISORS, REAL ESTATE IS STILL A SOLID INVESTMENT
The Boston Globe ; Real estate is no longer a get-rich-quick investment, but there are those who believe it remains a solid, smart place to put your money. The combined effect of overbuilding, lower inflation, threatened recession and weak demand makes it more difficult for investors to make money in real estate than
Real estate forecast 1990: getting back to basics.
Buildings ; ... still going to be struggling with those, and they're going to depress the mentality of a lot of investors and developers. The news, however, is not all bad. The true name of the game for real estate professionals in the early '90s will be the ability to identify ...
The role of commercial real estate in a multi-asset portfolio. (Asset Management)
Journal of Property Management ; ... reported returns (including appraisal-based ones) have been affected by the lack of liquidity in real estate markets. The good news may be that we now have a more realistic picture of real estate risk and return relative to other assets. By including the more ...
Never too late (or too early) to become a real estate pro.(Focus: Real Estate Quarterly)
Mississippi Business Journal ; Real estate professionals come from all kinds of backgrounds, bringing a variety of skills that enrich their careers. Some enter the profession at an early age while others enter real estate as second careers. Realtor Bill Morris of Century 21 Maselle & Associates in Jackson has a financial and