“The difference in winning and losing is most often not quitting.” –Walt Disney
Sep 21, 2015 Elaine Misonzhnik and Susan Piperato
- Apollo to Bet on Structured Debt in in OppenheimerFunds Retail Push“Apollo Global Management LLC will help OppenheimerFunds push into structured credit, middle-market loans and direct real estate as the private-equity firm expands its strategies to retail investors. Apollo Credit Management will serve as a ‘sub-sub-adviser’ to the Oppenheimer Global Strategic Income Fund, which had about $6.1 billion as of June 30.” (Bloomberg)
- The Federal Reserve’s Name Should Be ‘People’s Bank of America’“The Fed may be fast following in the PBOC’s footsteps, as its credibility is rapidly deteriorating. Gallo ran a survey among institutional investors, last week, on what the Fed should do and what it would end up doing, and the results are very interesting in the light of the decision. Of the 135 institutional investors in the survey, 80% said they believed the first Federal Reserve interest rate hike should take place this year.” (The Street)
- KKR, Hellman & Friedman Sniff Out Petco for Potential Deal“Buyout shops KKR and Hellman & Friedman are sniffing around Petco, The Post has learned. The private-equity firms made preliminary offers for the pet-supply chain last week and, so far, are seen as the strongest bidders, according to sources close to the auction.” (New York Post)
- Moody’s Will Officially Have an Office at 1 WTC“The largest office deal at 1 World Trade Center since late 2014 has been finalized. Moody’s has signed a lease for 75,000 square feet for space on the tower’s 56th and 57th floors, according to the New York Post, which first reported the transaction in July. The credit-rating agency’s deal is the largest since High 5 Games took 87,600 square feet at the tower.” (Crain’s New York Business)
- New York’s Rising Office-Condo Market“Nonprofits have long favored office condos, which are much like residential condos, because they provide an opportunity to build equity and an exemption to real-estate taxes that they’d have to pay as tenants. And now, more businesses are interested in taking advantage of escalating real-estate values and eager to avoid bouncing around buildings as rents keep climbing.” (Wall Street Journal)
- Airlines May Have to Pay Silverstein $3.5B for WTC After All“A three-judge Second Circuit Court panel reversed a previous judgement that would have limited Silverstein’s possible reward to $2.8 billion, rather than the $3.5 billion he sought in his action against U.S. Airways. The panel ruled that a lower court had miscalculated the decline in the World Trade Center’s value, and had used the wrong interest rate, the federal funds rate rather than the state rate.” (The Real Deal)
- Retailers to Get Tax Relief for Store Remodels/Improvements?“Two bills passed by a key House committee would help retailers save on store remodeling and improvement costs upfront. The bills, passed by the House of Representatives’ Ways and Means Committee on Thursday, would help retailers remodel their stores by make tax incentives for remodeling and new capital improvements permanent.” (Chain Store Age)
- This Investment Fund Has a Social Agenda—And High-Profile Backers“Charity is laudable, Bobby Turner says, but if you really want to raise enough money to improve a thorny social problem you have to introduce the profit motive. An associate of 1980s junk bond king Michael Milken who made a fortune in real estate, Turner is now turning that personal philosophy into action. He set up a company last year called Turner Impact Capital that seeks investors to pay for blue-collar housing, promising returns more typical of conventional money-making businesses.” (Los Angeles Times)
- 3 Reasons Student Housing Investors Like Tier 2 Universities“As Tier 1 student housing continues to draw crowds, the market is growing more competitive. That’s leading investors to look at properties at Tier 2 schools. It may be a better investment in the long run because every year, more students are choosing Tier 2 schools and those kids need a place to lay their heads. Here are three reasons why Tier 2 is becoming the belle of the ball.” (Bisnow)
- Fear of Sliding Oil Prices Has Minor Impact on U.S. Commercial Markets“According to a new report from CBRE Group, after a year of sliding and volatile oil prices, the commercial real estate fallout in energy markets is mixed across North America and by property type, but fears about widespread adverse impacts have not been realized. Even so, continued price volatility and uncertainty could impede market performance moving forward, the report says.” (World Property Journal)
SEE IT ALL:
http://nreionline.com/industry-buzz/10-must-reads-cre-industry-today-september-21-2015
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.
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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
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
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a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
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