Kaly Shippen

NAI Commerce One / Jackson Hole Announce Teton Valley, Idaho Properties For Sale in Nationwide May 1st PowerSale Event

The May 1st NAI Global Commercial Property PowerSale™ includes 54 properties valued in excess of $150 million. PowerSale™ features date-certain auctions and sealed-bid sales to accelerate the sales cycle and achieve highest possible price.

JACKSON HOLE, WY April 3, 2009 – In partnership with Windermere Real Estate / Teton Valley, NAI Commerce One/Jackson Hole is marketing two Teton Valley properties for sale in the inaugural May 1st PowerSale event, including land, a master-planned commercial development, and an entitled subdivision.

NAI Global’s Commercial Property PowerSale™ is an Accelerated Marketing Program created by NAI Global to help property owners and financial institutions dispose of troubled real estate assets.

NAI Global is the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide. NAI Commerce One / Jackson Hole is the exclusive NAI member firm in Jackson Hole and Teton Valley markets.

“The global economic slowdown and frozen credit markets have caused a major disruption in the traditional property sales market, and we are working closely with our clients to find the right marketing solution for their properties,” said Steven Keim of NAI Commerce One / Jackson Hole.

“NAI’s accelerated marketing program is a boon for clients who need to sell an asset or portfolio, but are having difficulty in today’s economy.”

“Delinquencies are on the rise, and with an estimated $400 billion dollars of commercial real estate loans coming due in 2009, we believe there is an urgent need for nontraditional marketing approaches,” said Jeffrey M. Finn, President & CEO of NAI Global. “The days of buyers standing in line for each new offering ended abruptly with the credit crisis in 2008. With limited access to new capital, more and more property owners are faced with a difficult situation – what to do with their troubled asset as loans come due in a depressed economy and with a distressed debt market. Our Accelerated Marketing Program gives clients the opportunity to sell their asset quickly, reducing their holding costs and securing true market value for the property.”

The Commercial Property PowerSale™ employs a variety of accelerated marketing techniques that have proven effective in previous economic cycles when traditional sales channels are gridlocked. Property owners will have the option of offering their property for sale via a series of live online auctions, sealed bids or a unique combination of the two formats. Properties in the Commercial Property PowerSale™ benefit from an aggressive marketing campaign that includes focused print, broadcast and electronic advertising, and a direct-to-buyer outreach to more than 175,000 active buyers. Sellers are assured a shortened sales process and a date certain sale schedule. The three program options – Auction Marketing, Sealed-Bid and Sealed- Bid Plus™ – set up a competitive bidding environment that creates urgency, forcing buyers to act immediately.

“The Accelerated Marketing Program is designed to meet the demands of our clients – property owners and financial institutions – with troubled assets, as well as sellers with healthy properties that are having trouble finding a buyer in today’s market,” said Finn. “Together with our longtime partner, Higgenbotham Auctioneers International, we have successfully completed more than $2.3 billion in sales through accelerated marketing programs. We are able to leverage our knowledge and relationships with the most active buyers at any given time to help our clients achieve the best possible value for their asset, despite the current economic climate.”

The program is open to both private and institutional owners and will include the sale of both commercial real estate equity and loans. Sellers may submit an individual asset or an entire portfolio, and property types will include everything from office, industrial, retail, hospitality and multifamily properties, to residential subdivisions and land for development. Both performing and non-performing commercial real estate loans may also be offered for sale.

The NAI team will evaluate each property and guide the seller through the program process, helping them to choose the sales vehicle that best suits their needs. Investors, property owners, and financial institutions interested in learning more about the Commercial Property PowerSale™ or the Idaho properties for sale in the May 1st event should visit naiglobal.com/powersale or contact NAI Commerce One / Jackson Hole by phone at (307) 734-8700 or by email at marketing@nai-idaho.com

About NAI Global
NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 325 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.

About NAI Commerce One / Jackson Hole
NAI Commerce One and NAI Jackson Hole are the Southeastern Idaho and Western Wyoming members of NAI Global. NAI Jackson Hole serves the Wyoming counties of Teton, Lincoln, and Sublette, with a particular focus on investment sales, tenant representation, commercial property management, and development. NAI Commerce One is the largest and most productive independently owned commercial real estate brokerage in Southeastern Idaho, offering an array of services in Idaho Falls, Pocatello, Rexburg, Driggs, Blackfoot, Burley, and Twin Falls. Our brokers have specialized experience in Industrial Brokerage, Retail Brokerage, Office Brokerage, Corporate Services, Consulting Services, Land, Farm and Ranch, Investment, Sales & Acquisitions, and Property Management. To learn more, visit www.nai-idaho.com

Press Release Contact: Kaly Gillette Shippen, 208.525.8088, marketing@nai-idaho.com

Local PowerSale Flyer

We have received about 61 hits in the last months off one of our agent's efforts posting commercial listings on Craig's list. Here is an example of one of his postings:

http://eastidaho.craigslist.org/off/963056509.html

(Keep in mind these postings expire!)

Based on the Google Analytics data I just looked at, I think we are going to start a process whereby we post all of our listings to Craig's list regularly. It seems to be more effective of a traffic driver than our commercial real estate blog and the listings might be getting more hits than our listings on Loopnet!

One question I have is whether they are quality hits that are reaching our intended audience, or if they are just random people checking out Craig's list postings. I guess time will tell. Does anybody have insight on whether Craig's list is a worthwhile venue for commercial real estate postings? It seems like it would naturally be effective for residential real estate.

Man, I seldom get comments on our blogger.com commercial real estate blog. All of you ActiveRain users rock! Thanks to everyone who chimed in or offered me a warm welcome to the network.

I have a lot of fun participating in online social networking, but is it really an efficient use of my time? I think people are going to spend more and more time on social networking sites, and I don't know if it's efficient or not, but i almost feel like participating is a necessity, especially from a company marketing standpoint. If you don't participate, you are most certainly going to miss out on a lot of business opportunities.

But at the same time, it can eat up ALL your time if you let it. I almost think I need to have a timer for myself, because it's so engaging it's hard to go to bed sometimes. And heavens knows I'm sleep deprived as it is!

I already like active rain. ActiveRain has rankings, scores...perfect for a competitive has-been bball player always looking for the next mountain to climb, or social network to leverage.

I participated in a NAI Global WebEx training last week and learned that one of the most sought-after attributes of potential employees of one of NAI Global's biggest producers is a background in competitive athletics. He wants his employees to go to the gym on a regular basis. Feels like people who do are generally more committed and go the extra mile for him. (No pun intended.) Do you agree that people who are active and/or competitive tend to make better employees? Could even asking such a question get you in trouble for discrimination? (He indicated he's very careful about his own interview process.)

Just curious what others think about this topic.