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 Steve Vukovich is a commercial real estate professional with over twenty-five years of experience in facility management, lending, acquisition, and large scale planning, design and construction. He has fifteen years of Institutional Experience as an Investment Director and presently provides consulting services to commercial real estate investors, associations, and
non-profit organizations nationwide. His projects include numerous major commercial investment properties throughout the U.S. and Canada. Steve holds a Bachelor of Science in Civil / Structural Engineering from the University of Vermont, Burlington, Vermont, and a Master of Science in Environmental Engineering from Tufts University, Medford, Massachusetts. He presently holds the positions of:
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Principal
PDSI Commercial Building Solutions
Northampton, Massachusetts.
Physical Due Diligence Services to Investors in Commercial Real Estate
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Principal Associate
Jones, Hill, McFarland & Ellis
Dallas, Texas
Business and Real Estate Advisory Services
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Principal Engineer and Project Director,
Onsite Sycom Energy Corporation,
Carlsbad, California
Largest Independent NAESCO Accredited, Full-Service Energy Service Company in the U.S.
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"I’ve used past investments as models to refine my craft and sharpen my expertise. I share many personal experiences in these pages and let you know what works and why... and what doesn’t. It is not just my story, but the stories of many of my clients and associates, and dozens of other dedicated professionals.
This book developed out of thousands of nationwide investment opportunities that I personally reviewed and inspected. Beginning in 1984 for nearly fifteen years, I was employed by a successful institutional investor in commercial mortgage loans and real estate equities. Unfortunately, I experienced the real estate decline that began in 1990. I saw the devastation of the nationwide market downturn that lasted most of the next five years. Nearly every major real estate investor was rocked by the losses. Among the worst hit were the institutional lenders. The numerous banks that crashed lead to the Federal Savings and Loan crisis. Large numbers of insurance companies took unimaginable losses from their loan portfolios. For most, the losses equaled up to a third of their total value, and for many others, even more.
I continue to witness large segments of the investment community make the same mistakes I had learned from experience. This places them at risk for serious financial (albeit, physical) problems. I imagine that somehow the messages and the lessons of the past have been unclear, or not fully realized. In the book, I examine current market products and conditions to draw upon similarities between investment practices of today and those preceding the last downturn. Few are aware of the numerous contemporary investment risks that loom because of mistakes and misrepresentations not unlike those uncovered a decade ago. In fact you will see that the market downturns of the past may be pallid in comparison to what may lie ahead.
In spite of what I have seen, I remain optimistic and feel certain that this book can help to prevent mistakes. In this context, Secure Commercial Real Estate: The Investor's Guide to Control the Physical Realm directs the reader to a clear path to both mitigate the risks and complete even difficult transactions in a manner that is not onerous or at cross purposes to the interests of the property owner." -Steve Vukovich
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