According to research analyst Dave Dworkin of the real estate firm Grubb and Ellis, the serious recession now hitting Las Vegas and vicinity will necessarily cause banks to adjust the pricing on their land holdings. This in turn will create investment opportunities with distressed properties, the kind of which Sightline Acquisition, founded by Kirk Sanford, will be able to avail themselves of.

The weak, flat real estate market, caused by the loss of jobs which is itself an outcome of the national recession can be of benefit to many who are still employed in Las Vegas. Due to a shortage of renters and a surplus of available apartments and office space, landlords are making offers that in many cases, are too good to refuse.

Tenants are now in positions to renegotiate their leases for lower rents and other benefits. In many cases landlords are offering two and three year leases to entice tenants to remain in their apartments or offices.
But most relevant to Kirk Sanford and the Sightline Acquisition Corporation is that as reality sets in and banks realize that the value of real estate was overinflated in 2005 and 2006, today’s more realistic and lower pricing will create a situation of distressed properties which can be seen as great investment opportunities for those in a position to take advantage of the situation.