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Stan Kurzweil on Last Week's Poll

'It's difficult in times like these to focus on just one area.'

By Brianne Harrison | Updated on February 22, 2008

ARE YOU ADJUSTING TO MARKET CONDITIONS?

Times are tough, as evidenced by companies posting record losses and issuing pink slips, and with economists warning of a recession (or claiming we’re already in one) it doesn’t look like things will get better anytime soon. In times like these, many who tend to concentrate in one area or on one business type find it necessary to adapt in order to survive. Fully half of our poll respondents replied that they were branching out into other areas in order to cope with current market conditions. The other half (presumably those who were already dealing with diversified portfolios) claim they’re doing nothing, because they’re doing just fine so far. Not a single respondent says they’ve thrown in the towel, proving that this community won’t go down without a fight. Stan Kurzweil, senior vice president of Colliers Houston & Co. discusses the necessity of diversifying and concentrating on fundamentals when the going gets tough:

“The key is to be very nimble. Right now I’m selling churches, and I’m selling properties to people representing medical users. I’m also representing industrial properties, subleasing office space in prime areas and doing retail in Newark right by the Devils Arena. It’s difficult in times like these to focus on just one area.

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