The Last Word - May 2010

Did the first quarter of 2010 live up to your expectations for your business?

“Landry & Associates, Inc. anticipated the first quarter 2010 to be similar to the challenges we faced in commercial real estate in 2009.  While leasing remains slow, we are excited about being awarded the new property management contracts for Whitney Mesa Phase I Industrial Park and the Anthem Village Business Owners Association.”

Marge Landry • President/Broker, Landry & Associates, Inc.

“My expectations were not high; however, business is getting better.  Clients are starting to see improved profitability and banks are starting to lend again.  Therefore, my established clients are able to continue their strategic planning through mergers and acquisitions while my startup clients are able to finance their dreams.”

Berna L. Rhodes-Ford  • Of Counsel, Holand and Hart, LLP

“Yes.  Gordon Silver, because of its expertise in business and bankruptcy matters has been in the enviable position of being able to open a new Phoenix office and add staff.  I, for example, joined the firm to manage and grow the Government Affairs, Lobbying and Administrative Practice.”

Shauna M. Hughes, Esq. • Government. Affairs, Lobbying and Administrative Practice, Gordon Silver

“Exceeded our expectations.  67 merchants experienced double-digit sales increases, some of which generated $1 million each month, while the center as a whole saw four consecutive months of rising sales.  Year to date foot traffic is up seven percent, with an average of 61,000 people passing through each day.”

Russ Joyner • Executive Vice President, General Manager, Miracle Mile Shops at Planet Hollywood Resort & Casino

“Yes.  We had contracts in place by the end of 2009 and a small staff in place; everyone pitched in and took care of our clients’ needs.  Keeping a positive attitude has proven to be essential.”

Katrina Bruce • President/Owner, Alternative Management

“My production in the first quarter of 2010 was close to double my goals for this period. The increase was mainly seen in my residential asset management portfolio, due to the large number of investors purchasing foreclosed and short sale homes. Our fees continue to be competitive to help do our part on assisting our clients in the current economic climate.”

Christopher McGarey, CCIM, CPM • Broker/Salesperson, Prudential, Americana Group and The McGarey Group