Kymbal Dunne
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Trusted Property Advisor Sydney, Australia
2024 USA Property Market Observations
There is one difference between the American and Australian investing environment. In the States failure is OK, In Australia it’s a game changing disaster so the risk appetite in the US is unquenchable and therefore the mood is always about the next positive step.
Flatiron - Through Networked Eyes
I thought I’d start with a small skyscraper in New York where I have been exchanging communications with my friends, Sunny Atis and Courtney Adham of GFP Real Estate.
Property and Business
When it comes to workplace trends the IT industry in the USA has seized on space as a way of attracting and retaining staff and building culture. In Australia, that goal is common however cost savings are also important and hence we see less space per person in Australian cities. This might help explain why the vacancy factor in New York (Manhattan) is 17.3% and much higher than Sydney’s 8.6%.
Hoarding US $137 Billion in Cash
For the past two years I have attended the Berkshire Hathaway Annual Meeting held in Omaha, Nebraska to listen to the sage wisdom of Warren Buffett and Charlie Munger. Due to COVID19 instead of attending the CHI Health Center with 18,000 other shareholders I joined 613,000 others watching it for 5 hours on Yahoo Finance.
Oculus, The Station You Want To Stop At
“Oculus” is a much needed and celebrated transport infrastructure hub at the World Trade Centre in downtown Manhattan. It combines the latest transport centre and station hub with a shopping mall. Built at a cost of $4 billion, it comprises about 75,000m2 of retail space, in over 50 shops, including a two storey Apple store.
The Flatiron– Managing A Trophy Property
The 1902, 22 storey, Fuller building was dubbed the “Flatiron”, due to its resemblance to the old household iron. Now the whole precinct is referred to and promoted as the Flatiron district of NY and this building is not just the cause but its centre.
A Short Reprieve For New Yorker’s Ducking the Debt Clock
Each year when I visit New York I end up walking past the US National Debt Clock, which has a rather sobering effect on me. It displays the total US debt. A number too big to truly comprehend, always rising quickly, ticking away. It has a mesmerizing impact on me and anyone who takes the time to really contemplate the enormity of the America’s financial burden.
Hudson Yards Takes A Bite of The Big Apple
Rarely does one project redefine a city. For this to occur in New York, the capital of capital, such a project must be significant. This project is Hudson Yards.
New York, New York
15- 30 seconds, that’s the conclusion I’ve reached when it comes to the attention span of a New Yorker in a conversation. If something you say resonates with them then you get a bonus 15 seconds more. Therefore the key to a successful conversation is to be prepared and to know what you want. There’s no mucking around because simply put, time is money.
Property Advisory
Broken Arrow
Kymbal always took the time necessary to fully understand the needs of an international company. Despite the time difference between our countries, he always found the time to connect live by telephone and made great efforts to keep me updated and apprised of the status and situations needing our feedback or intervention. He works diligently to make the deal that not only meets our corporate needs but is also a well negotiated economic transaction. For me, working with Kymbal goes well beyond just having “trust” and confidence in your agent. I am very pleased to have Kymbal as my agent and also very proud to call him a friend. I consider Kymbal as one of the top five (5) real estate representatives in the World that I have had the pleasure to work with and would be very pleased to elaborate on his strengths and character.
Matt Rickett
Director – Viacom Realty Corporation
Commitment and perseverance summarise the effort of Kymbal Dunne, Andrew Palmer and John Swanson of Knight Frank to market our commercial property and sell it. They formulated a clear marketing strategy and followed through on all purchasing interest. The market wasn’t as deep at the point we wanted to sell but they did not give up and tried different approaches so that we could achieve our goal. We were pleased with their energy and advice and the successful result.
Coral and Richard Champion de Crespigny
“The Commercial Salesperson award is a great testament to Kymbal’s dedication and experience as one of Sydney’s leading agents. This recognition, being judged as a finalist in six categories, signifies the growing strength and determination of the overall Knight Frank business in NSW.”
Richard Horne, Knight Frank Managing Director NSW
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