Click for Ann Arbor, Michigan Forecast
Wednesday February 22, 2017
Follow us: facebook twitter RSS feed
Print Comment E-mail

The Kings of Commercial

 

continued

These days, he says, "the market is about 70 percent recovered, which is OK, but not close to where it should be. There's a ton of space all over the place, and some great locations have been [vacant] two years, like the Ufer Insurance building on East Stadium.

"We're booming on retail, and I hear housing is doing well, and apartments are booming. But medical died two years ago, and it hasn't come back. We don't even get calls for medical [space] anymore, and we used to do 25 percent of our business in medical. It's because medical is scared to death at what the cost of health care is going to be because of the health care law."

For the moment, "our business is good, not great," Chaconas says. "The last three years we've had good growth. There were ten or eleven big deals in town, and we got most of them." He believes the reason they were successful in hard times was "we never backed off. We kept marketing. We kept talking to banks. Yeah, we did some foreclosures--it was the times--but not for people we sold to, thank God."

Despite his commanding presence in the market, Chaconas keeps his staff small. "When I was at McKinley, it was up to fourteen people, and they got rid of eleven. I didn't need more then. I was already doing so much of it anyway. Now I have five people, and I don't need more."

Bookmark and Share
previous  ·  1 ... 8 l 9 l 10 l 11 l 12  ·  next page
all on one page
read more stories here -> Marketplace  l  Culture  l  Community  l  News

You might also like:

Pale Flower - Japanese film noir Pale Flower - Japanese film noir
Calendar This Week - Lectures, Readings, Discussions, & Forums Calendar This Week - Lectures, Readings, Discussions, & Forums
Dexter Parks And Recreation Areas Dexter Parks And Recreation Areas
Subscribe to the Ann Arbor Observer Subscribe to the Ann Arbor Observer
Ann Arbor Environment Ann Arbor Environment
Parking Squeeze - The city wants downtown parki... Parking Squeeze - The city wants downtown parki...
Working from Home (or Workantile) - The pros an... Working from Home (or Workantile) - The pros an...
Batsheva Dance Company - Mesmerizing Batsheva Dance Company - Mesmerizing
The Strange Tale of Mr. Shiji - Homeless and me... The Strange Tale of Mr. Shiji - Homeless and me...
Crime Map Crime Map
spark
custom blinds and window treatments, flooring, and furniture
top of the lamp. All your in home lighting needs.
Holiday Inn Ann Arbor. Comfortable Hotel, a home away from home.
Become of Fan of the Ann Arbor Observer on Facebook
Victors For Art February 18th through June 11th
A visitor's guide to Ann Arbor