“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. ….
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BUSINESS NEWS | 30 Nov | STEVE BURKS
A billionaire developer that builds best of class multifamily products around the globe is making a move into the Phoenix market. Billionaire investor Jorge Pérez, CEO of The Related Group, which got its start in Florida and remains based in the Sunshine State, is planning to invest $500 million in the Phoenix market. The Related Group currently has three sites under contract in the Valley and has another close to being under contract. In all, Related Group co-founder, chairman and CEO Pérez said his company is looking at 20 sites around the metro area.
“We have rated cities across the country, and that research showed that one of the top cities for us, right now, is Phoenix,” said Pérez, who sat down for interviews on Tuesday in Scottsdale after spending the day touring those potential project sites around the Valley. “The job growth, the unemployment rate, the occupancy rate, the number of building permits and construction starts; those versus the employment growth and the demographic growth are at an imbalance. So we like that.
“Not only are the short term indicators great, but if you look at population movement, business movement, you will see that there are certain areas that both businesses and people are moving. Phoenix is one of those.”
The Related Group, along with its New York-based sister company Related Companies, is known for high-end multifamily residential projects. Pérez earned the nickname “Condo King of Miami” with projects such as Miami’s Portofino Tower and Icon South Beach. Related has expanded its reach across the country, with offices in California, and projects in Mexico, Argentina and Brazil.
Pérezsaid Related Group’s first four Valley projects will be located in city and employment centers such as downtown Phoenix, Scottsdale and Tempe, as well as the Deer Valley area. Pérez did not give any specifics on the investment totals Related has going into the Valley or the location of the projects. He did stress that Related hopes to have two projects under construction in 2019.
Already, Related has been on the ground in the Valley to gauge what kind of business climate that Phoenix and Arizona have to offer.
“We’ve been getting to know our neighbors around the sites that we’re looking at and also the political stakeholders and we’re finding them to be very concerned and interested about their constituents,” said Related Development president and CEO Steve Patterson. “We’re also finding them to be interested in building the right thing and that’s exactly the kind of environment that we want to put ourselves in to.”
Patterson added that the Valley also hit all of the marks that Related was looking for in terms of potential tenants. He cited surveys that showed people ages 24 to 34 are moving to the Phoenix at a rate that’s double the national average. Also, those that are moving here are in the science, technology, engineering and math professions.
“So, we have an age cohort that’s growing twice as fast as the rest of the country and they’re rich in an industry that’s growing twice as fast the rest of the country. That’s kind of a magic formula,” Patterson said.
Related projects put a premium on aesthetic elements like the building architecture and design, as well as landscaping. But what makes Pérez and Related different is the focus on artwork.
“We really believe that art is an expression of the times. It’s the soul of people and it makes people’s lives better,” said Pérez, who has a renowned personal art collection and who employs two, full-time curators who do nothing but find and buy art for Related projects. “We feel that we have something to add, especially to cities where we have not seen the physical design of products that have been very successful for us in other parts of the country. We’re very good at creating best in class. While I think Phoenix is a great city and that’s why we’re here, we think we can add to that market.”
SEE IT ALL: https://azbigmedia.com/billionaire-investor-jorge-perez-plans-500m-move-into-phoenix-market/
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 owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / 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 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 internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME – Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Click here: TOWN HALL MEETING DEZEMBER 5, 2018: Investing in Opportunity Zones
APARTMENT CLOSINGS
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WEEKLY APARTMENT CLOSING UPDATE THROUGH September 14, 2018, Phoenix Arizona Metro.
“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Office: 602-445-4113, Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Click here: TOWN HALL MEETING DEZEMBER 5, 2018: Investing in Opportunity Zones
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
8 Reasons You Should Invest in Land
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
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.
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Office: 602-445-4112
Direct: 602-759-1209
Cell: 520-975-5207
Fax: 602-865-7461
Check out my professional profile and connect with me on LinkedIn.
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).
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.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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