Our success is rooted in our understanding of the development process and our application of creative solutions to complex situations. Whether navigating the technicalities of land assemblage, leasing up vacant properties, crafting financing solutions, or negotiating with governmental agencies over zoning and environmental issues, our experience and attention to detail enable us to achieve successful results.
REFI TV: David Ennis, The Daten Group
The New York market is extremely competitive but these are still pockets of value, according to David Ennis, founder of The Daten Group. “You’re competing against foreign wealth funds and families that are multi-generational so you have to move quickly and have cash.” he said.
The company has been following closely the long-expected rise in interest rates. “In the New York market, where there are a lot of cash buyers, we’ve not seen anything dramatic yet. Pricing is still very aggressive and the market is robust. It’s something that we’re going to keep an eye on it interest rates continue to rise and figure out how it will affect us in the next six to nine months.” Ennis said.