Recently, I attended a concert given by a major symphony orchestra. During a quiet section in the music I heard an unusual sound–like air being blown through a straw–loudly. Looking at the stage, I saw the source of the sound.
Read MoreAcquiring commercial real estate is a lot like an orchestra in that purchasing real estate consists of purchasing many more assets than meets the eye. When you buy commercial real estate, you know you are getting the land and buildings. Yet, as with an orchestra, there are leases, contracts, personal property and intellectual property, which also may be part of a real estate acquisition.
Read MoreAs the story goes, in colonial India, the British governor was concerned about the number of wild cobras so he incentivized the population to hunt cobras by having the government pay a bounty for cobra skins. The plan seemed to work fabulously; the government had thousands of cobra skins, and there appeared to be a reduction in wild cobras, so it seemed time to end the bounty program and declare victory.
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