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Article: Meeting the challenges of survival. (real estate owners and managers discuss greatest challenges to industry under current economic conditions) (Property Management/Improvement; Section I)
- Article from:
- Real Estate Weekly
- Article date:
- February 24, 1993
- Author:
CopyrightCOPYRIGHT 1993 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Property owners and managers are concerned about surviving into the next century. REW asked number of what they find to be their greatest challenge today.
Jerome Belson, chairman and CEO of Jerome Belson Associates and president of Associated Builders & Owners of Greater New York (ABO), said, "The greatest challenge is to improve liquidity in me real estate market, generate new resources of credit and encourage what we believe to be massive amount of money sitting on me sidelines because of me ineffectiveness in providing deductions for those who invest."
Belson continued, "There must be some recognition for passivity to become proactive.'
If ...