Wednesday, November 7, 2012

Progress...Power On!

Progress is thrilled to be back online, have email and phone access and most of all to get back to business.

We thank everyone for their patience and hope you are all safe and on your way to recovering from last week's storm.

PROGRESS REALTY ADVISORS, LLC

(732) 389-9701
                                                       
Kathy Anderson (ext. 142)
Mary Schneider  (ext. 143)
Fred Santos       (ext. 147)
Joel Kraut           (ext. 146)
Lisa McHale       (ext. 148)
 Lilly Preziose      (ext. 140) 

Be prepared for the next storm.


Tuesday, October 2, 2012

Being Happier: 10 Things to Stop Doing Right Now

Sometimes the route to happiness depends more on what you don't do.

sad and happy smiley face cupcakes

Happiness in your business life and your personal life is often a matter of subtraction, not addition

Consider, for example, what happens when you stop doing the following 10 things:

1. Blaming.  People make mistakes. Employees don't meet your expectations. Vendors don't deliver on time.  So you blame them for your problems.  But you're also to blame. Maybe you didn't provide enough training. Maybe you didn't build in enough of a buffer. Maybe you asked too much, too soon.
Taking responsibility when things go wrong instead of blaming others isn't masochistic, it's empowering--because then you focus on doing things better or smarter next time.
And when you get better or smarter, you also get happier.

2. Impressing.  No one likes you for your clothes, your car, your possessions, your title, or your accomplishments. Those are all "things." People may like your things--but that doesn't mean they like you.
Sure, superficially they might seem to, but superficial is also insubstantial, and a relationship that is not based on substance is not a real relationship.  Genuine relationships make you happier, and you'll only form genuine relationships when you stop trying to impress and start trying to just be yourself.

3. Clinging.  When you're afraid or insecure, you hold on tightly to what you know, even if what you know isn't particularly good for you.  An absence of fear or insecurity isn't happiness: It's just an absence of fear or insecurity.  Holding on to what you think you need won't make you happier; letting go so you can reach for and try to earn what you want will.  Even if you don't succeed in earning what you want, the act of trying alone will make you feel better about yourself.

4. Interrupting.  Interrupting isn't just rude. When you interrupt someone, what you're really saying is, "I'm not listening to you so I can understand what you're saying; I'm listening to you so I can decide what I want to say."  Want people to like you? Listen to what they say. Focus on what they say. Ask questions to make sure you understand what they say.  They'll love you for it--and you'll love how that makes you feel.

5. Whining.  Your words have power, especially over you. Whining about your problems makes you feel worse, not better.  If something is wrong, don't waste time complaining. Put that effort into making the situation better. Unless you want to whine about it forever, eventually you'll have to do that. So why waste time? Fix it now.  Don't talk about what's wrong. Talk about how you'll make things better, even if that conversation is only with yourself.  And do the same with your friends or colleagues. Don't just be the shoulder they cry on.  Friends don't let friends whine--friends help friends make their lives better.

6. Controlling.  Yeah, you're the boss. Yeah, you're the titan of industry. Yeah, you're the small tail that wags a huge dog.  Still, the only thing you really control is you. If you find yourself trying hard to control other people, you've decided that you, your goals, your dreams, or even just your opinions are more important than theirs.  Plus, control is short term at best, because it often requires force, or fear, or authority, or some form of pressure--none of those let you feel good about yourself.  Find people who want to go where you're going. They'll work harder, have more fun, and create better business and personal relationships.  And all of you will be happier.

7. Criticizing.  Yeah, you're more educated. Yeah, you're more experienced. Yeah, you've been around more blocks and climbed more mountains and slayed more dragons. That doesn't make you smarter, or better, or more insightful.  That just makes you you: unique, matchless, one of a kind, but in the end, just you.  Just like everyone else--including your employees.  Everyone is different: not better, not worse, just different. Appreciate the differences instead of the shortcomings and you'll see people--and yourself--in a better light.

8. Preaching.  Criticizing has a brother. His name is Preaching. They share the same father: Judging.
The higher you rise and the more you accomplish, the more likely you are to think you know everything--and to tell people everything you think you know.  When you speak with more finality than foundation, people may hear you but they don't listen. Few things are sadder and leave you feeling less happy.

9. Dwelling.  The past is valuable. Learn from your mistakes. Learn from the mistakes of others.
Then let it go.  Easier said than done? It depends on your focus. When something bad happens to you, see that as a chance to learn something you didn't know. When another person makes a mistake, see that as an opportunity to be kind, forgiving, and understanding.  The past is just training; it doesn't define you. Think about what went wrong, but only in terms of how you will make sure that, next time, you and the people around you will know how to make sure it goes right.

10. Fearing.  We're all afraid: of what might or might not happen, of what we can't change, or what we won't be able to do, or how other people might perceive us.  So it's easier to hesitate, to wait for the right moment, to decide we need to think a little longer or do some more research or explore a few more alternatives.  Meanwhile days, weeks, months, and even years pass us by.  And so do our dreams.
Don't let your fears hold you back. Whatever you've been planning, whatever you've imagined, whatever you've dreamed of, get started on it today.  If you want to start a business, take the first step. If you want to change careers, take the first step. If you want to expand or enter a new market or offer new products or services, take the first step.  Put your fears aside and get started. Do something. Do anything.
Otherwise, today is gone. Once tomorrow comes, today is lost forever.

Today is the most precious asset you own and is the one thing you should truly fear wasting.

Thank you to Jeff Haden of Inc.com for the blog post.

Friday, August 3, 2012

5-Star Regal Bank

Kathy Anderson, President of Progress Realty Advisors, is also a Director of Regal Bank, which earned a 5-star Superior Bank rating from Bauer Financial...

5-Star Regal Bank -- Responsive, Responsible, Respected


FOR IMMEDIATE RELEASE:
To the Editor:
July 2012: BAUERFINANCIAL, Inc., the nation's leading bank rating and research firm, is proud to recognize Regal Bank, Livingston, New Jersey as a 5-Star Superior bank. A 5-Star rating indicates that Regal Bank is one of the strongest banks in the nation. To earn this prestigious 5-Star rating, Regal Bank must excel in areas of capital quality, asset quality, profitability and much more.
"As big banks grow increasingly complex and inflexible," remarks Karen L. Dorway, president of the rating firm, "it's encouraging to know that there are still community banks, like Regal Bank, that have mastered the three R's of banking. Regal Bank is 1) Responsive to its customers' needs, 2) Responsible in its underwriting and investments, and 3) Respected by the nation's premier bank rating and research firm as well as its customers."

Established in 2007, Regal Bank has proudly been serving its local communities for five years. It currently operates through four conveniently located offices in Florham Park, Livingston and Roseland and can also be found on the internet at www.regalbanknj.com.
Regal Bank: "The treatment you deserve."
BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation's leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.
BAUERFINANCIAL, INC. P.O. Box 143520, Coral Gables, FL 33114.

Friday, July 27, 2012

7 Habits of Highly Effective People

7 Habits

Last week Stephen Covey, author of The 7 Habits of Highly Effective People, one of the most successful self-help books ever, died at the age of 79. Covey sold over 25 million copies of the book, and it's still in demand. I found my dusty copy among a collection of "help this, help that, try this, try that" books, but none of them stack up to the simple, straightforward, and powerful seven things you can do to improve your personal and professional lives. Pick up a copy -- you won't regret it. Here's a preview: the list of "seven habits":

1. Be proactive.
2. Begin with the end in mind.
3. Put first things first.
4. Think "win-win."
5. Seek first to understand, then to be understood.
6. Synergize.
7. Sharpen the saw and undergo frequent self-renewal.



Thank you to Tony LoPinto of GlobeSt.com for the blog post.

Report: Multifamily sales trigger bidding wars among investors | NJBIZ

Report: Multifamily sales trigger bidding wars among investors | NJBIZ
By Katie Eder

With banks moving forward on single-family foreclosure actions in New Jersey, demand in the multifamily market has intensified competition among investors for a shrinking available supply, according to a quarterly report from the Elmwood Park office of Marcus & Millichap.

"There's a market-rate, 56-unit property in Clifton we're marketing right now, and it has 15 to 20 offers on the table — and that's just one deal," said Thomas McConnell, a senior associate at the firm. "It's healthy to have multiple groups chasing one deal, but I think it would be nice to see more supply come in."

According to the report, developers added 1,485 market-rate apartment units to the state's inventory over the past year, though it fell below the previous year's total of 2,245 new units. However, nearly 4,400 units from stalled projects are under way, and builders will complete an additional 2,415 units in the state this year as a result of increasing demand, the report said.

According to McConnell, fierce competition among large investment firms in the North Jersey class A apartment market is driving smaller investors to lower-class properties in central and southern parts of the state, where multifamily construction and sales historically have lagged.

"North Jersey has become so ultra competitive that 90 percent of local folks can't compete against the institutional money from firms that are much more willing to overpay for class A properties," McConnell said. "It's leading independent investors to acquire lower-class properties at a discount and then upgrade them to drive more demand, since folks coming from single-family homes are used to certain amenities that the older garden properties in Central (Jersey) and South Jersey don't have."

According to McConnell, the inevitable increase in interest rates and the looming potential increase to the capital gains tax following the presidential election are prompting landlords to put their properties on the market to avoid reductions in the value of their assets, which has led to a 40 percent surge in sales activity from a year ago.

 

Thursday, July 5, 2012

Lender Alert: Exclusive Rate Offering!

 

An Exclusive Rate Offering  

Limited
One of our primary lending sources is offering the following lending program on a limited basis
    
Parameters
  • Eligible Locations - US, with an emphasis on NY, NJ and PA
  • Property Types - Stabilized property types including Office, Multi-Family, Retail, Industrial, Hotel and Self-Storage Facilities
  • Loan Amount - $5,000,000 to $175,000,000
  • Loan Term - 5, 7 and 10 year loan terms
  • Amortization - Typically 30 years (shorter terms may be required based on property type and use)
  • Loan to Value - Up to 75%
  • DSCR  Minimum - 1.25x DSCR
  • Lender Fee - PAR
  • Reserves - Tax, Insurance and Replacement Reserves required
  • Recourse - Non-recourse, with the exception of industry standard "bad boy" carve outs
  • Assumability - Permitted subject to lender approval and an assumption fee
  • Prepayment - Defeasance with 2 year lockout and 90 day open period during the 90 days prior to scheduled maturity date. Yield maintenance available on a case-by-case basis

Friday, June 29, 2012

Progress Realty is social!

"Like" us on our BRAND NEW Facebook page here!
Follow us on our LinkedIn page for news and exclusive rates here!

We will be posting updates, pictures of our recently closed deals (and our mascot Jake), as well as news and press releases often.

Don't forget to visit our website to learn more about our company, services, and clients!

      





Friday, April 20, 2012

Guess who was voted as the Top Financial Deal of 2011?


Closing a commercial loan can be stressful. 
  
 
Rely on the Progress team of professionals for all your mortage needs.

Contact our office at (732) 389-9701 or visit us at



Progress is honored to be chosen by Mid Atlantic Real Estate Journal as the