10 Must Reads for the CRE Industry Today (December 1, 2014)

 

 

 

 

 

 

 

 

 

 

I would rather die of passion than of boredom. –Vincent van Gogh

 

 

Elaine Misonzhnik and Susan Piperato  Dec 1, 2014Elaine Misonzhnik and Susan Piperato

 

  1. Zell Confirms Bid for Grocery Stores to Be Shed by Albertsons “Billionaire investor Sam Zell confirmed he’s interested in snapping up about 140 stores to be divested as Cerberus Capital Management LP acquires Safeway Inc. (SWY) and merges it with the Albertsons LLC grocery chain.” (Bloomberg)
  2. 10 U.S. Real Estate Markets Investors Should Watch “It should come as no surprise then, that with the baby boomer generation heading toward retirement years, and possibly downsizing or moving into retirement or assisted living communities, it would behoove real estate investors to follow where the next generation of homebuyers and renters is migrating to live, work and play.” (U.S. News & World Report)
  3. New York Hops on $15 Billion Israeli Corporate Bond Boom “U.S. real-estate developers are joining the largest wave of local debt issuance on the Tel Aviv Stock Exchange bond trading platform since 2007, capitalizing on yield-starved investors to obtain financing.” (Bloomberg)
  4. Barclays Center Sale Buzz Builds “Billionaire media mogul Phil Anschutz has held early stage talks to buy Brooklyn’s Barclays Center, The Post has learned. Anschutz Entertainment Group, which owns or operates arenas around the world, last month held talks with Forest City Enterprises, which owns 55 percent of the two-year-old arena, sources said.” (The New York Post)
  5. CMBS 3.5? “Usual suspects Deutsche Bank AG and J.P. Morgan Chase & Co. still dominate the CMBS market, which this year so far has totaled $73.7 billion in new issuance, as of early November. But new small players keep popping up. There are currently 23 companies that have a market share below 2 percent, up from 18 in 2013, according to commercial real estate data provider Trepp.” (Commercial Observer)
  6. Dan Doctoroff Wants to Relocate the Javits Center to Queens “Moving the Jacob Javits Convention Center to Queens is key to attracting more conferences and conventions, according to former Bloomberg CEO Dan Doctoroff. In a New York Times op-ed, Doctoroff argued that Sunnyside Yards, a 160-acre rail yard on the border of Long Island City, would be an ideal spot for the Javits Center, which is located on Eleventh Avenue between 34th and 40th streets in Manhattan.” (The Real Deal)
  7. Please Don’t Call Them Stores: Modern Retailers Aim to be Hangouts “A trio of hip retailers is opening Chicago locations in Bucktown and Lincoln Park—but please don’t call them mere stores. Eyewear label Warby Parker, watchmaker Shinola and socially conscious shoe and accessory brand Toms aim to create “third places”—destinations away from home and work where like-minded people can hang out, make connections and do something besides buy stuff.” (Crain’s Chicago Business)
  8. Focus on U.S. Real Estate Benchmarks: Moody’s/RCA CPPI and CoStar CCRSI “A variety of indices are published regularly and may be appropriate for benchmarking, risk assessment, and other real estate investment purposes. I plan to focus on the strengths of each index series, starting with two that share similar approaches: the Moody’s/RCA Commercial Property Price Index (CPPI) and the CoStar Commercial Repeat-Sales Index (CCRSI).” (AllAboutAlpha.com)
  9. Big-Box Stores Like Target Think These New Apps Can Defeat Amazon “This holiday season…might prove to be the apps’ tipping point thanks to more sophisticated tools at retailers’ disposal, including mobile mapping, payments, price-comparison tools, image recognition features and beacon technology. In fact, these new features might even give retailers a fighting chance against Amazon.” (Ad Week)
  10. Small Cities Grapple with Empty Malls “Despite an improving economy, some small-town malls across Minnesota remain ghosts of their former selves. Malls in small cities have emptied as anchor tenants such as Sears and J.C. Penney have closed, smaller shops have shuttered or moved and big retail has shifted to Walmart-anchored shopping centers.” (Star Tribune)

 

SEE IT ALL:

http://nreionline.com/industry-buzz/10-must-reads-cre-industry-today-december-1-2014

 

 

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

 

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

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Facts of Arizona – year 1848 to 2013

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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 Investment Properties in Phoenix.

 

walterunger@ccim.net

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

WHETHER YOU LEASE OR OWN  NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST IN REAL ESTATE

 

we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could 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

 

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Thank You

Walter

Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

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