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Sean Dreznin, Commercial Investment Real Estate Agent

Summit County Schedule of Events for week through 12/23

Akron Art Museaum

12/19/2008 Online Art Auction City of Akron Recreation Bureau

12/19/2008 Machines at Play Akron Art Museum

12/19/2008 Dreamland: By Neil MacDonald Akron Art Museum

12/19/2008 Heresies: A Retrospective Akron Art Museum

12/19/2008 Kaleidoscope 2008/Art Demo Summit Artspace

12/19/2008 Festival of Lights Cuyahoga Valley National Park Association

12/19/2008 Akron Symphony Holiday Pops City of Green

12/19/2008 Christmas Candlelight Concerts Summit Choral Society

12/19/2008 Sanders Family Christmas Actors' Summit

12/20/2008 Heresies: A Retrospective Akron Art Museum

12/20/2008 Machines at Play Akron Art Museum

12/20/2008 Dreamland: By Neil MacDonald Akron Art Museum

12/20/2008 Kaleidoscope 2008/Art Demo Summit Artspace

12/20/2008 Everday Art Workshop Akron Art Museum

12/20/2008 Amahl and the Night Visitors Weathervane Playhouse

12/20/2008 Christmas Candlelight Concerts Summit Choral Society

12/20/2008 Sanders Family Christmas Actors' Summit

12/21/2008 Machines at Play Akron Art Museum

12/21/2008 Dreamland: By Neil MacDonald Akron Art Museum

12/21/2008 Heresies: A Retrospective Akron Art Museum

12/21/2008 Glassblowing at PAA Fine Art Services/Peninsula Art Academy

12/21/2008 Sanders Family Christmas Actors' Summit

12/21/2008 Just Plain Folk Show (featured event) Mountain Rose Concerts

12/21/2008 Christmas Candlelight Concerts Summit Choral Society

12/22/2008 Bob Downing Exhibit Cuyahoga Valley National Park Association

12/22/2008 Cuyahoga Falls Community Band Cuyahoga Falls Library

12/23/2008 Dreamland: By Neil MacDonald Akron Art Museum

12/23/2008 Heresies: A Retrospective Akron Art Museum

12/23/2008 Machines at Play Akron Art Museum

12/23/2008 Enameling with Carol Adams Fine Art Services/Peninsula Art Academy

12/23/2008 Bedtime Snack Show (featured event) Mountain Rose Concerts

Downtown Akron Park


Children Activities

12/16/2008 Winter Reading Club Barberton Public Library

12/16/2008 School Age Programs Akron-Summit County Public Library

12/17/2008 Winter Reading Club Barberton Public Library

12/18/2008 Winter Reading Club Barberton Public Library

12/18/2008 Winnie-The-Pooh Christmas Tail Actors' Summit

12/19/2008 Winter Reading Club Barberton Public Library

12/19/2008 Winnie-The-Pooh Christmas Tail Actors' Summit

12/20/2008 Teen Programs Akron-Summit County Public Library

12/20/2008 Winter Reading Club Barberton Public Library

12/20/2008 Snack with Santa Akron Zoo

12/20/2008 Winnie-The-Pooh Christmas Tail Actors' Summit

12/20/2008 Story Time Akron-Summit County Public Library

12/21/2008 Snack with Santa Akron Zoo

12/21/2008 Winter Reading Club Barberton Public Library

12/21/2008 Story Time Akron-Summit County Public Library

12/22/2008 Winter Reading Club Barberton Public Library

12/23/2008 Winter Reading Club Barberton Public Library Education

12/17/2008 CAK Safety Council Green Chamber of Commerce

12/17/2008 Do You Know First Aid? $35.00 American Red Cross of Summit County

12/17/2008 Do You Know First Aid? $35.00 American Red Cross of Summit County

12/18/2008 Joseph...Dreamcoat Weathervane Playhouse

12/20/2008 Get CPR & First Aid $60.00 American Red Cross of Summit County

12/20/2008 Project LEARN GED Pretest Barberton Public Library Health

12/16/2008 SPECIAL Blood Drive - gifts! South Pointe Hospital, a Cleveland Clinic hospital Lecture / Workshop

12/16/2008 Securing Corporate Partnership Foundation Center - Cleveland

12/18/2008 Resume Workshop Akron-Summit County Public Library Religious

12/17/2008 Broadman Church Services Broadman Baptist Church

12/21/2008 Broadman Church Services Broadman Baptist Church

12/21/2008 Sunday Worship Services H.O.P.E. Ministries

12/21/2008 Through the Eyes of Children First Presbyterian Church of Akron Special Events / Holiday

12/16/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/16/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/16/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/16/2008 "An Evening With Books" Akron Public Schools - Akron Summit County Public Library

12/16/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/17/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/17/2008 Local History Holiday Party Barberton Public Library

12/17/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/17/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/17/2008 Polar Express Party Barberton Public Library

12/17/2008 Polar Express Evening Barberton Public Library

12/18/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/18/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/18/2008 Chamber Christmas Party!! South Summit Chamber of Commerce

12/18/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/18/2008 Holiday Pops Akron Symphony

12/19/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/19/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/19/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/20/2008 Adoption Day at Moochie & Co. Heaven Can Wait

12/20/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/20/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/20/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/21/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/21/2008 Adoption Day at Moochie & Co. Heaven Can Wait

12/21/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/21/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/21/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/21/2008 Broadman Quiet Love Service Broadman Baptist Church

12/22/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/22/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/22/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/23/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

12/23/2008 Ice Rink at Falls River Square City of Cuyahoga Falls

12/23/2008 Lake Anna Holiday Lights City of Barberton Beautification

12/23/2008 Gift Wrap to Raise $ for Pets Heaven Can Wait

Happy Chanukah

Sandler always brings home the hypothetical turkey bacon! Here is the most updated Adam Sandler Happy Chanukah song (Part 3), it has a special appearance from a young choir and Rob Schneider... "You can do it!" Enjoy and have a Happy, Happy, Happy, Happy....... Chanukah! This year it runs from Decemeber 22, 2008 to December 30, 2008.

Economy... This is your Intervention...

The Fed cut the Key Interest Rate to .25%, that is 1/4 percent or 25 basis points... Sounds like Good news!

This should mean the prime rate mirrors the drop and reduces down to 3.25% from 4%. These are unseen rates and will hopefully spur some lending in the immediate future.

The looming threat that I see, is of course, "What goes down, must come up!" and eventually these rates will boomerang back. Until then, the dollar needs to strengthen, real estate needs to solidify and jobs need to bottom out and begin to recover...

I guess this moment may be the economies Intervention... We love you too much, to let you do this to yourself!

Fed cuts target for key rate to record low Fed cuts target for key interest rate to record low, pledges to use all available tools.

Tuesday December 16, 2008, 2:38 pm EST

WASHINGTON (AP) -- The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.

Federal Reserve Chairman Ben Bernanke and his colleagues also pledged to use "all available tools" as they struggle to contain a financial crisis that is the worst since the 1930s and a recession that is already the longest in a quarter-century.

The Fed also made clear that it intends to keep the funds rate at extremely low levels. "The committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time," the central bank's panel that sets interest rates said in a statement.

The Fed's decision is expected to be quickly matched by a reduction in banks' prime lending rate, the benchmark rate for millions of business and consumer loans. Before the Fed announcement, the prime rate stood at 4 percent.

The Fed has never pushed its target for the federal funds rate as low as zero to 0.25 percent. The lowest target rate before had been 1 percent, a level seen only once before in the past half-century.

Given how low interest rates are, the central bank said it planned to use a variety of unconventional methods to flood the banking system with credit and drive interest rates lower. "The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said.

"Cash is King" shout Commercial Agents

Cash is King versus the Battered Commercial Real Estate Market. This is the sentiment from Commercial Real Estate professionals affiliated with CCIM Institute.

The liquid position "Cash", tops other investments such as Office Buildings, Apartments, Retail Centers and other commercial properties.

According to the survey conducted, this is the first time in 6 quarters that the CCIM Institute rated anything higher then Commercial Real Estate. Cash garnered a 6.7 rating (Out of possible 10), whereas Commercial Real Estate received 6.1, bonds got 4.4 and stocks brought up the rear at 3.4.

The below data is somewhat worrisome from a Commercial Brokerage point of view, but ultimately, it can be the best thing for your clients in some cases. Obviously, each case is specific unto itself. We think this is in fact a terrific time to maximize your cash holdings and acquire commercial real estate at competitive prices and terms.

The rating of investment conditions was a key finding of the Fourth Quarter 2008 RERC/CCIM Investment Trends Quarterly, a national commercial real estate market report. Findings covered the three-month period ending September 30.

“CCIM designees and candidates seemed to agree with their institutional counterparts, suggesting investors sit and wait out this credit crisis and that the shaky economy needs to stabilize before critical investment decisions are made,” the report noted.

commercial real estate

CCIM members surveyed rated every property sector lower than the previous quarter in terms of investment potential. The apartment sector – the only safe haven for investor dollars – earned the highest investment conditions rating at 6.2. Since the first economic salvos hit the economy in 2007, Third Quarter of 2007, apartments have led all property types in this category.

Apartments also led the other key property types in two other categories: return versus risk, where it scored a 6.1 rating, and value versus price, where apartments scored 5.0. The value versus price analysis indicates survey respondents maintain the value of apartment properties are equal to the price paid. Investment conditions for the other main property types – offices, industrial, retail and hotel – all scored below a 5.0 rating.

In light of the gloomy outlook, the report offered some optimism for commercial real estate.

The value of private equity commercial real estate will continue to decline, “however, the severity of price corrections will vary greatly by property quality, property type and property location,” it stated. “And, where these are challenges, there are also great opportunities, including purchases of distressed or performing assets that have overcorrected.” From a regional perspective, the East was rated as having the strongest regional economy at a 5.0 rating, followed by the South (4.7), Midwest (4.5) and West (3.9).