A 10 Must Reads for the CRE Industry Today (March 22, 2016)

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“If everything seems under control, you are not going fast enough.”

Mario Andretti

 

10 Must Reads for the CRE Industry Today (March 22, 2016)

http://nreionline.com/nrei-wire/10-must-reads-cre-industry-today-march-22-2016?NL=NREI-21&Issue=NREI-21_20160322_NREI-21_302&sfvc4enews=42&cl=article_7&utm_rid=CPG09000005957475&utm_campaign=5380&utm_medium=email&elq2=fae43bb810df43038fc2e5693b33fdad

 

  1. One More Big Reason You Can’t Buy a Home“Eight years after the crash, the housing market still awaits the return of the first-time home buyer. Beyond the struggle to build credit to meet stricter standards, and the difficulty saving for a down payment amid skyrocketing rents and surging student loan burdens, there lies an even simpler explanation: fewer choices. It’s the lack of inventory that’s haunting Ralph McLaughlin, chief economist at real estate website Trulia, as he looks at the year ahead in housing.” (Bloomberg)
  2. Banks Give Developers More Time to Work on Sony Building Condo, Hotel Conversion“The developers planning to convert Sony’s former Manhattan headquarters in midtown into multimillion-dollar condos and a luxury hotel got a little more time to work on its proposed 36-story, 700,000-square-foot tower. Joe Chetrit and David Bistricer arranged a six-month extension for the roughly $900 million in loans on the high-profile project.” (Crain’s New York Business)
  3. Fifth Avenue Makeover Could Bring New Indoor Shopping Mall“As Fifth Avenue below Saks gradually sheds its schlocky retail image, Extell chief Gary Barnett has his eye on a project that would accelerate the avenue’s ongoing upmarket trend. Among other options he’s considering, Barnett might build an “internal” shopping mall that would front on Fifth Avenue’s west side between West 46th and West 47th streets, and have an apartment tower or hotel on top.” (New York Post)
  4. Macy’s Adds Real Estate CEO to Board to Help with Property Plans“Macy’s Inc. named Four Corners Property Trust Inc. Chief Executive Officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties. The 39-year-old will join the board on April 1, the Cincinnati-based company said in a statement Tuesday. Lenehan, who became CEO of Four Corners last year, has previously worked at such firms as MI Development and Farallon Capital Management LLC.” (Bloomberg)
  5. Will International Investment in U.S. Real Estate Continue?“The recent $12.8 billion bid by Anbang Insurance for Starwood Hotels and Resorts, even if it proves to be unsuccessful, highlights the ongoing flow of international capital into the U.S. real estate market. The United States is perceived as a safe haven for capital, especially for investors experiencing volatility in their local markets. U.S. property market fundamentals are strong, and real estate values—even for trophy properties in top markets—are inexpensive compared with those in other world capitals.” (Urban Land Magazine)
  6. Why Online Retailers Are Flocking to Nordstrom“Nordstrom has a disproportionate percentage of its stores at the best malls, locations that many online brands are eyeing for their first shops. According to a Credit Suisse research note last week, Nordstrom has the highest proportion of its stores at what the bank’s research arm calls “Most Valuable Properties,” 95 of the best U.S. malls in a universe of 2,101 centers. Some 62% of Nordstrom’s 120-plus stores are in those elite malls, which includes places like Roosevelt Field on Long Island and The Galleria in Houston.” (Fortune)
  7. NYC Redevelopment Commands $390M“China Oceanwide Holdings has acquired 80 South St., a planned 113-story tower in New York City’s Seaport District, from the Howard Hughes Corp. (HHC), for $390 million. The development calls for 441,077 square feet of residential space and 376,707 square feet for hotel, office or retail use. Although initially announced more than seven months ago, the deal was contingent on HHC transferring an additional 303,113 square feet of air rights to the site.” (Commercial Property Executive)
  8. ‘The Scott’ Will Bring Apartments, Retail to Midtown“In a continued effort to revitalize downtown Detroit, new apartments along with retail stores are slated to open in December along Woodward at the south end of Midtown. Developer Richard Broder of Broder & Sachse Real Estate says there will be 199 apartments for rent ranging from $950 per month all the way up to $3,000 a month. Detroit mayor Mike Duggan was on hand along with investors for the groundbreaking ceremony on Monday.” (CBS Detroit)
  9. Hudson, Related Nearing $105M Loan for World’s Biggest Passive House at Cornell Tech“The Hudson Cos. and the Related Cos. are close to securing a $105 million loan for a 26-story apartment building on the new Cornell Tech campus now under construction on Roosevelt Island, The Real Deal has learned. The building is particularly significant in that it will be the largest – and the tallest – structure in the world to employ a “passive house” design, which can cut energy costs by up to 90 percent. The apartment building will house 530 graduate students, faculty and Cornell Tech staff.” (The Real Deal)
  10. Refinancing Could Get Harder for Some Chicago Landlords“The rising real estate market has lifted more landlords out of loan trouble, but delinquencies may head up again before they come down some more. The delinquency rate on Chicago-area commercial mortgage-backed securities (CMBS) loans fell to 4.46 percent in February, down from 5.54 percent in January but still up from its 2015 levels, according to Trepp, a New York-based research firm.” (Chicago Real Estate Daily)

READ IT ALL:

http://nreionline.com/nrei-wire/10-must-reads-cre-industry-today-march-22-2016?NL=NREI-21&Issue=NREI-21_20160322_NREI-21_302&sfvc4enews=42&cl=article_7&utm_rid=CPG09000005957475&utm_campaign=5380&utm_medium=email&elq2=fae43bb810df43038fc2e5693b33fdad

 

 

FROM ME:

Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona.  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a CCIM:  https://en.wikipedia.org/wiki/CCIM

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I am actively looking to build relationships with Real Estate Investors and Owner  Users  for  Retail / Industrial / Office / Multifamily and Land  in  Phoenix  –  Scottsdale   –  Tucson   –  Arizona

http://walter-unger.com/?p=15472

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Click here to find Reasons to Consider me for Commercial Referrals

http://walter-unger.com/?p=15010

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Click here to View My Listings and Profile

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

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Click here to find out what is a CCIM:

https://en.wikipedia.org/wiki/CCIM

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Click here to view my website:

http://walter-unger.com/

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Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

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Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

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Click here:

4rd QTR 2015  GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER  Kasten Long Commercial Group.

http://klcommercialgroup.com/wp-content/uploads/2016/03/Q4-2015-Metro-Phoenix-Apartment-Owners-Newsletter.pdf

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Click her to join my mailing list :      

http://visitor.r20.constantcontact.com/manage/optin?v=001l2E62PqC4Z3sggwR_1M9aUmjrzvHWmSVEfy9MrVW6ULRJR3XWD1R_98ZLV5AVRdcHcxwR32LZvKqcYEkVDBKEwAuD87hIYmDX8GpVxXVwjc%3D

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

WHY PHOENIX ARIZONA : ???     

 check it out

http://walter-unger.com/?p=13391                       

 

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Timeline of Phoenix, Arizona history

 

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

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Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

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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, Tucson, Arizona.

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walterunger@ccim.net 1-520-975-5207

Check out my professional profile and connect with me on LinkedIn.

http://lnkd.in/bezpJ8t

Follow me on Facebook:

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Follow me on Twitter:

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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  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. 

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Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

 

www.Walter-Unger.com

 

Walter Unger CCIM

Senior Associate Broker 

Kasten Long Commercial Group

2821 E. Camelback Rd. Suite 600

Phoenix , AZ 85016

Direct:    520-975-5207   

Fax:       602-865-7461

walterunger@ccim.net

www.Walter-Unger.com    

www.KLCommercialGroup.com

View My Listings and Profile

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What is a CCIM?

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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, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.