Bill on Marketing

We all attended an excellent presentation last week by Facebook Queen Vija Williams, on the power of social marketing. Some of the numbers blew me away. There are now over 300 million active users, and 50% of them log on to Facebook daily. The average user has 130 friends on the site, and more than 6 billion minutes are spent on Facebook each day. Twitter is growing like crazy, up 1,392 percent from a year ago! Other online services like LinkedIn and You Tube are also firmly established. So, your assignment for the week? Open an account in one of these services and try it out. This is not an area that our industry can be left behind.

On another note, the Marcato auction was a success last Saturday. Details and photos next week.

Sarah "Krebsy" Adams Crunches Numbers

Most of the following comes from Preqin, a private equity firm, and their recent newsletter. It basically communicates that private equity real estate funds worldwide raised just $4.9 billion in Q3, 2009, the lowest fundraising total for a quarter since Q3 2003.

Quarterly Private Equity Real Estate Fundraising 2003 – Q3 2009

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