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Mid Atlantic Real Estate Marketing Association (MAREMA) Elects 2009 Board of Directors

During the Mid Atlantic Real Estate Marketing Association (MAREMA) 2008 Convention, the attendees elected the 2009 Officers and Board of Directors as follows:

 OFFICERS AND DIRECTORS 2009

OFFICERS


President

Joseph Labow

703.813.8295

jlabow@aol.com

Vice President/President Elect

Denene Deverman Crabbs

202.487.4949

realestatetoday@cox.net

Vice President (Associate Members)

Jimmy Norton

703.631.4500 x-119

jimmy@brocknorton.com

Past President

Kayvan Mehrbakhsh, CCIM

703.278.2822

kayvan@svn.com

Treasurer

Stephanie Reger

703.593.3037

regerealtor@earthlink.net

Secretary

Georgianna Hallheimer

703.971.5000 x118

ghallheimer@mris.com

 

DIRECTORS

Donald Blouch

410.827.7200

broker@landmark-commercial.com

Harry Kettmer (Moderator)

301.652.2975

harry@kettmer.com

Conrad Koneczny, CCIM

540.535.0808

conradk@svn.com

Michael Setunsky (Technology)

703.831.4028

msetunsky@michaelscommercial.com

Fred Bubenhofer

703.250.8048

Director Emeritus

MAREMA is a nonprofit commercial real estate organization that uses all dues and other funds collected to pay the expenses of the organization and support quality seminars offered each year. MAREMA provides a place where commercial real estate and business brokerage professionals can meet and network on a monthly basis. This is the place where professionals can get together once a month, learn some new techniques and close more deals. MAREMA is where deals are made.

For more information about MAREMA, please visit their web site at http://marema.com

Michael Setunsky is the Broker and owner of Michael's Commercial LLC serving the Northern Virginia commercial real estate market. His more than 23 years of experience as a commercial real estate and business broker has earned him the distinction for being one of the top commercial real estate producers in the Mid-Atlantic Region. He also serves on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors, and is a Commonwealth of Virginia licensed Instructor. He teaches Pre-licensing, Post Licensing Education, Broker's and Continuing Education courses. Visit his company web site at http://michaelscommercial.com/.

©2008 Michael’s Commercial LLC, All Rights Reserved – MAREMA Elects 2009 Board of Directors – November 12, 2008

5 commentsMichael Setunsky • November 12 2008 11:47AM

Commercial Property Market Report – Prince William County – October 31, 2008

Commercial Property Market Report – Prince William County – October 31, 2008

The Commercial Property Market Report for Prince William County is offered as a service of Michael’s Commercial LLC. The October 31, 2008 market report is categorized by the commercial Prince William County Zoning Districts:

Market Report1

 

Market Report2

Legend:

  • B-1 (General Business District)
  • B-2 (Neighborhood Business District)
  • B-3 (Convenience Retail District
  • O(L) (Office Low-Rise District)
  • O(M) (Office Mid-Rise District)
  • O(H) (Office High-Rise District)
  • O(F) (Office/Flex District)
  • M-1 (Heavy Industrial District)
  • M-2 (Light Industrial District)
  • M/T (Industrial/Transportation District)
  • MIXED Commercial

*The data presented here is compiled from information provided by the Metropolitan Regional Information System.

The Commercial Property Market Report is the author’s own interpretation of the Prince William County Commercial Real Estate market and makes no warranty or claim regarding the usefulness or implications of this information.

Michael Setunsky is the Broker and owner of Michael's Commercial LLC serving the Northern Virginia commercial real estate market. His more than 23 years of experience as a commercial real estate and business broker has earned him the distinction for being one of the top commercial real estate producers in the Mid-Atlantic Region. He also serves on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors, and is a Commonwealth of Virginia licensed Instructor. He teaches Pre-licensing, Post Licensing Education, Broker's and Continuing Education courses. Visit his company web site at http://michaelscommercial.com/.

©2008 Michael’s Commercial LLC, All Rights Reserved - Commercial Property Market Report – Prince William County – October 31, 2008

8 commentsMichael Setunsky • November 01 2008 02:37PM

Commercial Land Apsorption Rates - Prince william county - October 31, 2008

Commercial Land Absorption Rates – Prince William County – October 31, 2008

Commercial Land Real Estate Absorption Rates for Prince William County are offered as a service of Michael’s Commercial LLC. The monthly absorption rates are categorized by the following Prince William County Zoning Districts:

  • B-1 (General Business District)
  • B-2 (Neighborhood Business District)
  • B-3 (Convenience Retail District
  • O(L) (Office Low-Rise District)
  • O(M) (Office Mid-Rise District)
  • O(H) (Office High-Rise District)
  • O(F) (Office/Flex District)
  • M-1 (Heavy Industrial District)
  • M-2 (Light Industrial District)
  • M/T (Industrial/Transportation District)
  • MIXED

Absorption Rates are established by how many properties have sold during a given period of time (e.g., 365, 180, 90 and 30 days). Absorption rates also allow tracking trends in the market for any given number of days, weeks or months. These trends can indicate whether we may be in a Sellers Market, a Neutral Market or a Buyers Market. A monthly absorption rate of 5-6 is usually considered a Neutral Market. Anything below five is regarded as a Sellers Market and anything above six a Buyers Market.

  • Sellers Market                          1-4 Months Supply
  • Neutral Market                         5-6 Months Supply
  • Buyers Market                         7 Plus Months Supply

The following tables reflect the Monthly Absorption Rates* for respective Zoning Districts in Prince William County ending on October 31, 2008:

Land Absorption Rates

Land Absorption Rates

Land Absorption Rates

  • Total Number of Properties on Market. The properties that were available on the market during the reporting period.
  • Total Number of Sales. The total number of Sold properties during the given reporting period.
  • Monthly Absorption Rate. The rate at which the Sold properties were absorbed in the market on a monthly basis.
  • Inventory. The number of available properties as of the report date.
  • Months Supply. The number of months it will take the properties to sell based on the number of properties that have sold during the reporting period.
  • Chance of Selling. The rate at which the properties in the inventory will sell based on the percentage of the total properties on the market and the total number of sales.

The tables above indicate that the commercial land real estate market in Prince William County has been relatively slow. The property sales have been in the General Business (B-1) District, and Heavy Industrial (M-1) Districts with some limited inventory available in the B-1, B-2, M-1, M-2 and MIXED Zoning Districts. We are currently in a Buyers Market.

  • General Business District – No activity during this reporting period. Nine properties are currently in the inventory.
  • Neighborhood Business District – No activity during this reporting period. One listing currently in the inventory.
  • Convenience Retail District – No activity during this reporting period.
  • Office Low-Rise District – No activity during this reporting period.
  • Office Mid-Rise District – No activity during this reporting period.
  • Office High-Rise District – No activity during this reporting period.
  • Office/Flex District – No activity during this reporting period.
  • Heavy Industrial District – No sales during this reporting period. Three listings currently in the inventory.
  • Light Industrial District – No activity during this reporting period. Two listings currently in the inventory.
  • Industrial/Transportation District – No activity during this reporting period
  • MIXED – No activity during this reporting period. Two listings currently in the inventory.

*The data presented here is compiled from information provided by the Metropolitan Regional Information System.

This information is the author’s own interpretation of the Prince William County Commercial Real Estate market and makes no warranty or claim regarding the usefulness or implications of this information.

Michael Setunsky is the Broker and owner of Michael's Commercial LLC serving the Northern Virginia commercial real estate market. His more than 23 years of experience as a commercial real estate and business broker has earned him the distinction for being one of the top commercial real estate producers in the Mid-Atlantic Region. He also serves on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors, and is a Commonwealth of Virginia licensed Instructor. He teaches Pre-licensing, Post Licensing Education, Broker's and Continuing Education courses. Visit his company web site at http://michaelscommercial.com/.

©2008 Michael’s Commercial LLC, All Rights Reserved – Commercial Land Absorption Rates – Prince William County – October 31, 2008

0 commentsMichael Setunsky • November 01 2008 02:01PM

Commercial Absorption Rates – Prince William County – October 31, 2008

Commercial Apsorption Rates - Prince William County - October 31, 2008

Commercial Real Estate Absorption Rates for Prince William County are offered as a service of Michael’s Commercial LLC. The monthly absorption rates are categorized by the following Prince William County Zoning Districts:

  • B-1 (General Business District)
  • B-2 (Neighborhood Business District)
  • B-3 (Convenience Retail District
  • O(L) (Office Low-Rise District)
  • O(M) (Office Mid-Rise District)
  • O(H) (Office High-Rise District)
  • O(F) (Office/Flex District)
  • M-1 (Heavy Industrial District)
  • M-2 (Light Industrial District)
  • M/T (Industrial/Transportation District)

Absorption Rates are established by how many properties have sold during a given period of time (e.g., 365, 180, 90 and 30 days). Absorption rates also allow tracking trends in the market for any given number of days, weeks or months. These trends can indicate whether we may be in a Sellers Market, a Neutral Market or a Buyers Market. A monthly absorption rate of 5-6 is usually considered a Neutral Market. Anything below five is regarded as a Sellers Market and anything above six a Buyers Market.

  • Sellers Market                          1-4 Months Supply
  • Neutral Market                         5-6 Months Supply
  • Buyers Market                         7 Plus Months Supply

The following tables reflect the Monthly Absorption Rates* for respective Zoning Districts in Prince William County ending on October 31, 2008:

Absorption Rates

Absorption Rates

Absorption Rates

  • Total Number of Properties on Market. The properties that were available on the market during the reporting period.
  • Total Number of Sales. The total number of Sold properties during the given reporting period.
  • Monthly Absorption Rate. The rate at which the Sold properties were absorbed in the market on a monthly basis.
  • Inventory. The number of available properties as of the report date.
  • Months Supply. The number of months it will take the properties to sell based on the number of properties that have sold during the reporting period.
  • Chance of Selling. The rate at which the properties in the inventory will sell based on the percentage of the total properties on the market and the total number of sales.

The tables above indicate that the commercial real estate market in Prince William County has been relatively slow and non existent during this reporting period. The largest inventory of properties is in the General Business (B-1) District with some limited inventory available in the B-2, M-1 and M-2 Zoning Districts.

  • General Business District – There are currently 26 properties available on the market. No properties have sold during the last 30 days. There is one property Under Contract.
  • Neighborhood Business District – There is currently one property available on the market. No properties have sold during the last 30 days.
  • Convenience Retail District – There is one property currently on the market. No activity during this reporting period.
  • Office Low-Rise District – No activity during this reporting period.
  • Office Mid-Rise District – No activity during this reporting period.
  • Office High-Rise District – No activity during this reporting period.
  • Office/Flex District – No activity during this reporting period.
  • Heavy Industrial District – There are currently three properties available on the market. No properties have sold during the last 30 days.
  • Light Industrial District – There are currently two properties available on the market. No properties have sold during the last 30 days.
  • Industrial/Transportation District – No activity during this reporting period.

Only seven properties have sold in all of the commercial districts within the last 365 days. Five sales were in the General Business District and two were in the Heavy Industrial District. No properties have sold in any of the Commercial Districts within the last 30 days; however, there is one property in the General Business District currently under contract. We are currently in a Buyers Market.

*The market data presented here is compiled from information provided by the Metropolitan Regional Information System.

The information presented here is the author’s own interpretation of the Prince William County Commercial Real Estate market and makes no warranty or claim regarding the usefulness or implications of this information.

Michael Setunsky is the Broker and owner of Michael's Commercial LLC serving the Northern Virginia commercial real estate market. His more than 23 years of experience as a commercial real estate and business broker has earned him the distinction for being one of the top commercial real estate producers in the Mid-Atlantic Region. He also serves on the Mid Atlantic Real Estate Marketing Association's (MAREMA) Board of Directors, and is a Commonwealth of Virginia licensed Instructor. He teaches Pre-licensing, Post Licensing Education, Broker's and Continuing Education courses. Visit his company web site at http://michaelscommercial.com/.

©2008 Michael’s Commercial LLC, All Rights Reserved - Commercial Absorption Rates - Prince William County – October 31, 2008

0 commentsMichael Setunsky • November 01 2008 12:26PM