I have noticed that nothing I never said ever did me any harm.
Calvin Coolidge
Feb 5, 2015Elaine Misonzhnik and Susan Piperato
- S. on Course for June Rate Hike: Fed’s Mester“The Federal Reserve should likely raise interest rates in the first half of this year to account for an economic recovery that continues to build momentum, Cleveland Federal Reserve President Loretta Mester said on Wednesday.” (CNBC)
- How a Teacher’s Pension Fund Became a Real Estate Giant“One of New York City’s most prominent real estate empires traces its origins to the financial well-being of professors rather than to a family patriarch. TIAA-CREF, which stands for Teachers Insurance and Annuity Association College Retirement Equities Fund, entered the city’s real estate market in 1944 with the purchase of a Montgomery Ward store in Flushing, Queens, and a six-story office building at 3 East 44th Street.” (Commercial Observer)
- Reports: DFW Ranks as Top Commercial Real Estate Market“Dallas (although I think they mean Dallas-Fort Worth) ranked as the No. 4 commercial real estate market in the United States based on the percent change in vacancy and rental rates across real estate divisions year-over-year.” (Dallas Business Journal)
- Life Companies: What Riskier Lending Could Mean in the Next Cycle“Numerous articles are devoted to the CMBS industry and its effect on the larger real estate landscape. With total CMBS lending at $99 billion in 2014, this capital flow has helped buoy the market and keep cap rates low ever since the dark days of 2009. However, it is the life insurance companies that are the rock that large loan deals are built on.” (Commercial Observer)
- CalPERS Names New Real Estate Chief“Paul Mouchakkaa, a managing director at Morgan Stanley Real Estate Investing, was named senior investment officer of CalPERS’ nearly $30 billion real assets group. The group includes the California Public Employees’ Retirement Systems’ $25 billion real estate portfolio, plus smaller holdings in forestland and infrastructure.” (The Sacramento Bee)
- HFF Arranges Financing for 30-Property Portfolio“HFF gave quite a helping hand to Paramount Realty Services recently, as Paramount, which focuses predominantly on retail real estate, acquired a 2 million-square-foot commercial portfolio in the Northeast from LMS Commercial Real Estate. HFF arranged a $221.8 million financing with a portfolio lender for the transaction on Paramount’s behalf.” (Commercial Property Executive)
- Allstate Settles Mortgage Lawsuit Against Morgan Stanley“Allstate Insurance Co. agreed to settle a 2011 lawsuit accusing Morgan Stanley of fraud over more than $100 million worth of mortgage-backed securities in which the insurer invested. The largest publicly traded U.S. home and auto insurer sued Morgan Stanley and other lenders in 2011, alleging they sold packages of risky home loans while claiming they conformed with ‘conservative’ underwriting standards.” (Crain’s Chicago Business)
- RadioShack Store Closings to Jolt Some Developers“Mr. Falconer is one of many small, regional real-estate investors preparing for life after RadioShack. The Fort Worth, Texas, electronics chain’s restructuring will almost certainly involve the shutdown of at least a significant chunk of its roughly 4,000 U.S. stores, the vast majority of which it leases.” (The Wall Street Journal)
- Cache Files for Chapter 11 Protection“Cache on Wednesday said it had filed for Chapter 11 bankruptcy protection after running out of capital and time to complete its turnaround. The women’s apparel retailer will continue to operate its business, but intends to continue to reduce its store count and sell and renegotiate some of its leases.” (Chain Store Age)
- Macy’s Buying Bluemercury for $210M, Raises Full-Year Guidance“Bluemercury operates about 60 stores in 18 states in the United States, most of which also have in-house spas. Macy’s said Bluemercury would operate as a stand-alone business and would continue to be led by Marla and Barry Beck, who co-founded it in 1999.” (CNBC)
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
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
View my listings and my profile at:
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
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
Cell: 520-975-5207
Office : 480-948-5554
Fax: (480-658-1172
View my listings and my profile at:
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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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