LICN hold open forum featuring Smith, Fetscher, Kolin and Saluk; Next event: Installation dinner on January 14th

For the Long Island Commercial Network's (LICN) last general meeting of 2013, an open forum for discussion was the highlight of the morning. Edward Smith of Coldwell Banker, Paul Fetscher of American, Harvey Kolin of Corporate Commercial Realty, and Andrew Saluk of NEFCU were presented as a panel of experts available for questions and to facilitate a discussion on the issues of concern to the members. The discussion revolved around issues concerning the current market for industrial, office and retail space on Long Island. Discussions included: * What are the current vacancy rates for class A, AB, C office buildings? * How to determine the worth of an ongoing business. * What is the outlook for current mortgage rates? * How long they may stay where they are and where will they go from here? Finally Smith addressed the issue of what is an Internal Rate of Return (IRR). Just about all attendees walked out feeling they had learned something practical that will make them more effective in their business. LICN members were reminded of the upcoming installation dinner on January 14th. This is a free member-only event and serves as the installation for the new board and executive branch. A great time for sponsors, members and associates to meet, learn about one another.