No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone who isn’t trying.
Feb 9, 2015Elaine Misonzhnik, Susan Piperato and David Bodamer
- S. REITs Slide Most Since September After Jobs Report“U.S. real estate investment trusts fell the most since September after a strong employment report renewed speculation that the Federal Reserve will boost interest rates in the first half of this year.” (Bloomberg)
- Now is Not Prime Time on CMBS Channel“At a panel on the CMBS market at this year’s MBA CREF conference in San Diego, four seasoned players warned of increased deal constraints, an overly competitive marketplace and a decelerated rebound. One panelist even joked that giving a negative outlook on CMBS helps stave off competition.” (Commercial Observer)
- Facebook Buys 21-Building Campus in Silicon Valley“Facebook Inc. bought a 21-building campus in Menlo Park, California, as the social-network company expands in its headquarters city. Prologis Inc. was the seller of the 56-acre (23-hectare) industrial park at Willow Road between Highway 101 and the Dumbarton Bridge, the San Francisco-based real estate investment trust said in a statement Friday.” (Bloomberg)
- Blackstone Rides the Hospitality Wave“The Blackstone Group, the global investment and advisory firm, continues adding to its hospitality holdings with two portfolio deals announced within two days this week. The largest transaction is a 19-property portfolio of national select-service hotels acquired from OTO Development.” (Commercial Property Executive)
- Here are the 1,784 RadioShack Stores That Will Close by March 31“In court documents posted by RadioShack, the company and its creditors detailed plans for which RadioShack stores will close and when.” (Business Insider)
- Tax Strategies to Increase Your Real Estate ROI“As a developer or real estate owner, you are constantly on the lookout for that next great deal, piece of land or property that can create value. Taxes play a big role in your success as a professional, and a firm understanding of all available opportunities and incentives can help you achieve your vision.” (RE Journals)
- New York’s Baccarat Hotel Fetches Record Valuation from Chinese Buyer“China’s Sunshine Insurance Group Co. Ltd has agreed to acquire the Baccarat Hotel in New York City for more than $2 million a room, a record valuation, according to people familiar with the matter. Sunshine is paying more than $230 million, according to a person familiar with the transaction.” (The Wall Street Journal)
- Facebook’s Expensive Midtown South Expansion“Facebook is expanding its midtown south office yet again. The social media giant, which has surpassed $200 billion in market value, will add 80,000 square feet at 770 Broadway, the large office building south of Union Square where it first took space almost two years ago.” (Crain’s New York Business)
- Historic L.A. Jewelry District Building to Become Offices Again“The seven-story building at 718 S. Hill St. has been home to jewelry makers and sellers for many years, but its location is near new apartment and retail projects that are changing the nature of downtown and giving parts of it a residential flavor.” (Los Angeles Times)
- Big Ticket Real Estate Deals Lead to Downtown Projects“According Iowa City Assessor records, 123 commercial property sales have occurred downtown since 1985 — only eight of which have topped the $2 million mark. Two of those $2 million-plus sales came in the latter half of 2014, along with a number of other large deals that could reshape the near-campus area in the years to come.” (Iowa City Press-Citizen)
SEE IT ALL:
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:
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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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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, incl