Overhead Costs Killed Mawhinney Real Estate

[Marc Mawhinney-----photo courtesy of mawhinneygroup.com]

Marc Mawhinney tells CHSJ News, even though business was booming, the overhead costs just got out of control.
Mawhinney says his group continued to bring in a lot of sales, and a lot of revenue, but he never anticipated the costs being as high as they got.He says his Sussex office will also be closing, and says he's been trying to make the transition for employees as painless as possible.Mawhinney says several employees are in talks with competitors, and his rental properties are being taken over by Peace of Mind Property Management.Mawhinney says he would like to stress the fact that his business closing is not a sign the city's real estate market is in trouble.