{"id":1004131732,"date":"2015-11-17T10:09:39","date_gmt":"2015-11-17T18:09:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131732"},"modified":"2020-05-18T02:58:03","modified_gmt":"2020-05-18T10:58:03","slug":"the-plunge-in-the-oil-industry-an-opportunity-for-tayo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-plunge-in-the-oil-industry-an-opportunity-for-tayo\/","title":{"rendered":"The Plunge in the Oil Industry\u2014an Opportunity for TAYO"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"Third<\/a>

Third Avenue Development<\/em><\/p><\/div>\n

The decreased activity and exploration in the Permian Basin has pushed companies toward finding new business opportunities. One such case is Taylor Consulting<\/a> (TAYO) of Pennsylvania; the company plans to pursue the undervalued assets energy companies are leaving behind.<\/p>\n

\u201cDomestic crude explorers have pulled back drilling rigs for 10 straight weeks, and oil-service companies are definitely feeling the pinch, too,\u201d said Taylor Consulting\u2019s CEO, Scott Wheeler. \u201cWe think that\u2019s going to lead to some inevitable property divestitures, and Taylor Consulting is primed and ready to scoop up some good deals in a region where we continue to have a lot of success.\u201d<\/p>\n

Taylor Consulting created its real estate division dubbed Third Avenue Development<\/a> (TAD)\u2014a premier hybrid real estate investment and development company that seeks to acquire distressed properties, under-performing mortgage assets, and raw land for development. TAD is focused on accessible housing for new and current residents, temporary and permanent solutions; and infrastructure development, bricks and mortar based services that are coming up short.<\/p>\n

In 2015 the company sold at a profit multiple properties in West Texas. Going forward, the company is interested in reinvesting some of its profits into new real estate opportunities, available throughout the region due to the oil slump.<\/p>\n

Image courtesy of Third Avenue Development<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The drop in oil prices forces many energy businesses to look for new business directions, and creates new opportunities for others.<\/p>\n","protected":false},"author":237,"featured_media":1004131739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21786],"tags":[],"class_list":["post-1004131732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-sustainability"],"acf":[],"yoast_head":"\nThe Plunge in the Oil Industry\u2014an Opportunity for TAYO - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-plunge-in-the-oil-industry-an-opportunity-for-tayo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Plunge in the Oil Industry\u2014an Opportunity for TAYO\" \/>\n<meta property=\"og:description\" content=\"The drop in oil prices forces many energy businesses to look for new business directions, and creates new opportunities for others.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-plunge-in-the-oil-industry-an-opportunity-for-tayo\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-17T18:09:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T10:58:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Third-Avenue-Development.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-plunge-in-the-oil-industry-an-opportunity-for-tayo\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-plunge-in-the-oil-industry-an-opportunity-for-tayo\/\",\"name\":\"The Plunge in the Oil Industry\u2014an Opportunity for TAYO - 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