Robert Martin Co. forms Barter Financial Services.The Westchester-based development firm, has announced the formation of Barter Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . This new venture will enable qualified companies who are looking to sublet sub·let tr.v. sub·let, sub·let·ting, sub·lets 1. To rent (property one holds by lease) to another. 2. To subcontract (work). n. their space to receive full value on remaining lease obligations through trade credits on goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The arrangement will also give commercial real estate brokers the opportunity to earn two commissions on each sublet. Stuart Kolbert serves as vice president of Barter Financial Services, and brings to the position 25 years of real estate experience in sales, marketing, leasing and property management. Kolbert explained that through the use of barter, additional value can be created in virtually any type of real estate transaction. Illustrating the effectiveness of barter in a sublet situation, he noted that the vacating tenant exchanges the right to occupy the space with the barter comPany and receives, in return, 100 .ocrcent of the remaining lease commitment value in the form of trade credit consideration. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Brad W. Berger, Robert Martin Robert J. Martin (born January 13, 1947) is an American Republican Party politician, who has served as a member of the New Jersey State Senate since 1993, where he represents the 26th Legislative District. executive vice president, the barter concept is relatively new to real estate and represents an innovative solution to the challenges faced by owners in keeping buildings occupied and by tenants in meeting their business needs. He emphasized that "... although our own portfolio is 95 percent occupied, we recognize the opportunities that exist in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. to fill vacated properties, and we clearly see that the local economy and real estate market will be better served when buildings are occupied and businesses can rid-themselves of surplus lease obligations.. Berger reported that the new venture will have an affiliation with ICON International, a leading Manhattan-based barter company that has selected Robert Martin as their exclusive Westchester representative in all lease transactions. |
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