It’s always too early to quit. -Norman Peale
Elaine Misonzhnik and Susan Piperato
- Property Brokers Falter as Real Estate Boom Seen Cooling“Commercial-property brokerages, the stars among U.S. real estate stocks this year, are losing luster as the booming market for deals shows signs of cooling. CBRE Group Inc. and Jones Lang LaSalle Inc., the global titans of property services, have lost 8 percent and 8.7 percent, respectively, this month, reversing sharp gains compared with real estate investment trusts and the Standard & Poor’s 500 Index.” (Bloomberg)
- The Mother of All Megaprojects“Hudson Yards, if completed as planned, will be the largest private real estate development in U.S. history. Five skyscrapers, thousands of apartments, a sprawling retail center, a hotel, cultural space and the first new subway station in ages are among the components of this massive undertaking over rail yards on the far West Side. And that’s just the first phase.” (Crain’s New York Business)
- BlackRock Said to Start Financing Rental-Home Investors“BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the U.S. homeownership rate sits at a five-decade low. BlackRock, the world’s largest money manager, will buy loans from a network of partners that offer financing to the firm’s specifications starting as soon as next month.” (Bloomberg)
- An Internet Mortgage Provider Reaps the Rewards of Lending Boldly“You have substantial assets, but your income is erratic and your finances are what in polite company would be called “complex.” Your credit history may contain a smudge or two. Yet you would like to buy one more luxury apartment. Major banks like Wells Fargo and JPMorgan Chase are not eager to give you the $3 million mortgage you need, nor are any traditional banks.” (The New York Times)
- Sale of Tropicana Las Vegas Clears Last Hurdle“Penn National Gaming Inc. received approval Thursday from the Nevada Gaming Commission for the company’s $360 million purchase of the Tropicana Las Vegas casino-hotel, Penn announced Thursday. Following earlier approvals in several other jurisdictions where Penn operates, this approval removes the last obstacle, and the company said it will complete the purchase tomorrow.” (Commercial Property Executive)
- Fairway is Still in the Rough“To lure back shoppers, Fairway is offering discounts to people who provide their cellphone numbers. The promotional effort may pay off eventually, but for now, comparable-store sales continue to erode and fell by a larger-than-anticipated 5.3% in the quarter ended June 28. Total sales dropped by 2%, to $194 million, and the company posted a $14 million net loss.” (Crain’s New York Business)
- Trepp’s Manus Clancy Talks CMBS, Retail and Office Fears“Manus Clancy, Trepp’s boss of big data, told Commercial Observer about how his fascination with the Smith Haven Mall in Long Island foreshadowed a career in commercial real estate analysis. Among the many industry trends that have kept Mr. Clancy up at night as of late are the challenges big-box retailers face as they continue to shutter stores and file for bankruptcy—that and the country’s suburban office market.” (Commercial Observer)
- How Boise’s A10 Capital Found its Footing in Commercial Real Estate“Today, A10 offers a line of bridge and long-term loans on certain midmarket commercial real estate properties and property portfolios, as well as refinancing and other products. Last week, the company announced the launch of a fixed-rate loan product with terms up to 20 years.” (Idaho Stateman)
- 11 Super-Important Mixed-Use Developments in the U.S.“Walkable cities—like Boston, New York and Miami—are more popular than ever. With new waves of wealthy Millennials looking for nearby amenities, mixed-use has found new life. These 11 properties show how impressive mixed-use properties can be.” (Bisnow)
- Wall Street Concerned with The Fresh Market Results“Wall Street analysts expressed concerns with The Fresh Market a day after the chain reported flat earnings per share and negative comparable-store sales. ‘Results were even more disappointing than we thought and suggest the company is not moving fast enough to address the challenges of a fast-changing food retail landscape,’ Kelly Bania, an analyst with BMO Capital Markets.” (Supermarket News)
I am actively looking to build relationships with Real Estate Investors and Owner / Users for Phoenix – Scottsdale – Tucson – Maricopa County – Pima County – Pinal County – Cochise County – Santa Cruz County –Yavapai County – Gila County – Arizona , USA
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
WHY PHOENIX ARIZONA : ???
http://walter-unger.com/?p=13391
1
Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
2
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix.
1-520-975-5207
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
Investors and owner/users need to really know the market before making a move in commercial investment properties as the market has a lot of moving parts today. What’s going on socio-economically, what’s going on demographically, what’s going on with location, with competing businesses, with public policy in general — all of these things affect the quality of your commercial properties/investment properties. Therefore, you need a broker who understands commercial properties. Please go to my web-site and get all the newsflashes and updates in Commercial Real Estate.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, Kasten Long Commercial Group
2821 E. Camelback Rd.
Phoenix, AZ 85016
Cell: 1-520-975-5207
Fax: 1-602-865-7461
walterunger@ccim.net
View my listings and my profile at:
http://www.loopnet.com/Profile/14101172900/Walter-Unger-CCIM/
a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
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