Erik Hernandez of Lee & Associates Joins Bruce Norris on the Real Estate Radio Show #529

Bruce Norris is joined this week by Erik Hernandez. Erik has been with Lee & Associates in the commercial real estate division since 2000. Prior to that he was in research since 1994. He specializes in industrial real estate, and he has been on the radio show a number of times prior. He is also the Norris Group’s go-to person for the commercial world.

Bruce and Erik discuss the segment of the commercial world he works in, what year was considered a peak in the commercial world, how much construction we saw in industrial real estate last year, vacancy and availability rates, the push in foreign investors, whether the industry is concerned about another recession, and much more on this week's Norris Group real estate radio show and podcast.

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Robert Hockett, Professor at Cornell Law School, Joins Bruce Norris on the Real Estate Radio Show #288

This week Bruce Norris is joined once again by Robert Hockett.  Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order.  He is also a fellow at the Century Foundation, a commissioned offer for the New America Foundation and consultant to a number of financial institutions, regulators, and legislators.  Prior to entering legal academia, he worked at the International Monetary Fund and served as a judicial clerk for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the 10^th Circuit.  He was educated at the University of Kansas, Oxford University, where he studied as a Rhodes scholar, and at Yale University.  Robert also authored a memorandum entitled It Takes a Village Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification Value Preservation and Economic Recovery.  Bruce and Robert primarily discuss eminent domain as well as the concept of shadow vacancy, the creation of the new permanent loan for the occupant, what the city gains from eminent domain, current market prices, the valuation model currently being used, where the losses go, and much more on this week's real estate radio show and podcast.

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