“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 “ I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS Call me if you want to sell your property and need an estimated value. Direct : 602-759-1209, Prefer cell: 520-975-5207 or email me walterunger@ccim.net. A CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS .
CLICK HERE FOR APARTMENTS FOR SALE:
CIRE Magazine July.Aug.19
Shifts in the Seniors Market
The seniors housing industry is “undergoing a significant transition, finding a new normal for investment and development activity,” says Real Capital Markets’ April 2019 Senior Housing Snapshot. The report notes one trend showing that delivery of new construction dropped 14.8 percent in 2018 from 2017, although many consider the contraction a necessary slowdown as demand catches up to the strong supply cycle, particularly in major markets. The buyer profile has also changed. Five years ago, REITs were the most prolific buyers; in 2018, private buyers and institutional investors were the most active. Among industry practitioners surveyed for the report, 61 percent said that partnering with a strong operating firm was the most critical factor to impacting a property’s profitability.
Hot Spots for Coworking
City centers boast the most opportunities for coworking spaces, though consumers wouldn’t mind adding some retail to the mix.
Choice for a Coworking Space
- Town or city centers: 74.2%
- Shopping centers or malls: 73.1%
- Cafes or restaurants: 53.2%
- Industrial parks:43.7%
- Travel hubs (airports, train stations, etc.): 43.2%
- Residential areas: 32.0%
Source: Colliers, GlobalData
Smaller Retail Markets Catch Investors’ Eye
Retail investors casting a wider net to increase their portfolio yields are looking toward secondary and tertiary markets. Marcus & Millichap’s 2019 Retail North American Investment Focus notes that smaller metros offer opportunities for undervalued properties, although demand has focused on existing properties because of limited new construction in these areas. “Multi-tenant cap rates in primary markets averaged in the low-6 percent range over the past 12 months,” the report says, “whereas tertiary metro first-year returns averaged in the low-7 percent area.”
Financing for Green Multifamily Grows
As developers and investors become more familiar with the benefits of environmental features for multifamily buildings, the availability of capital sources for financing such features has also increased. Multifamily Housing News reports on a variety of financing options aimed at energy saving, ranging from Fannie Mae and Freddie Mac programs for construction and renovation to property-assessed clean energy financing. However, one expert told MHN that many developers remain unaware of the programs, and lenders must often persuade them to include green features into projects to be eligible for the programs.
Grocery Growth
Investment in U.S. grocery real estate totaled $9.9 billion in 2018, and more than 17 million sf of space was added. States with the highest percentage of total new grocery square footage, including:
- Florida: 9.7%
- California: 7.8%
- Texas: 7.8%
- North Carolina: 7.4%
- Illinois: 6.8%
- Virginia: 6.8%
Source: JLL
Canada Leads Inbound Multifamily Investment
From 2014 to 2018, inbound capital to the U.S. multifamily sector totaled $50.1 billion, an increase of 241 percent from the previous five-year period.
Percentage of Total Cross-Border Multifamily Investment (2018)
- Canada: 63%
- Europe: 15%
- Asia: 15%
- Latin America: 3%
- Middle East: 3%
- Pacific: 1%
Source: CBRE
Planning Medical Offices with Consumers in Mind
Medical office buildings need to consider three features for success in the future, says Jon Boley, senior vice president of acquisitions and development for HSA PrimeCare, a Chicago-based developer and manager of health care facilities. Writing in Healthcare Business Today, Boley says that these buildings need:
- Main Street locations close to the patients they serve and provide ample parking and proximity to residential neighborhoods.
- “360-degree wellness” in design and site selection. Wellness features include fitness centers, community spaces for health and nutrition education, and nearby walking paths.
- Flexibility to react to changing technology and future needs of upcoming generations.
riefly Noted
Retail: Storefront, a 5-year-old New York startup, has become the world’s largest marketplace for popup stores, or short-term retail spaces. The company represents more than 10,000 listings in North America, Asia, and Europe. CEO and co-founder Mohamed Haouache tells Stores magazine that Storefront works with mall companies and real estate brokers to keep vacancies low and “keep older retail spaces alive.” The average length of a typical popup store contract, he notes, is 12 to 15 days, and about 60 percent of popup activity is seasonal. “My vision is to make popups more accessible,” he says. “I want renting retail space to be as easy as booking a room on Airbnb.”
Health/Senior Care: After four years of decline, occupancy at skilled nursing facilities in the U.S. was 82.4 percent in 4Q2018, virtually unchanged from the previous quarter and down only 0.4 percent from the previous year, according to the National Investment Center for Seniors Housing & Care. “While it appears that the worst of declining occupancy has passed, it’s too early to predict whether occupancy will increase over time,” says Bill Kauffman, senior principal at NIC. “However, it’s likely that the growth of elders in their 80s … will boost demand for skilled nursing care.” And, he added, “even though we’re seeing stability in both rural and urban areas, rural areas face distinct challenges brought on by lower levels of occupancy, low reimbursement rates, and labor concerns. These factors have contributed to hundreds of facilities closing in rural areas.”
Office: The rise of driverless cars will leave its mark on the commercial real estate industry. Matt Caywood, CEO of TransitScreen, which provides real-time information about public and private transportation to buildings, tells GlobeSt.com that low-speed driverless vehicles will be able to provide transportation to businesses that aren’t adjacent to transit, which can lead to more options for a company’s choice of locations. High-speed vehicles that serve suburban areas could help boost the value of real estate farther from city centers.
Student: Has the “amenities war” in student housing peaked? Colleges may be rethinking resort-style living communities and focusing more on features that support students, while maintaining occupancy levels and increasing value. Bisnow.com reports that schools are focusing on improved study spaces and open areas to promote a sense of community. While high construction costs may continue to encourage trophy or high-rent properties, at least one developer is aiming at low-cost alternatives. “If a recession hits, instead of paying $1,500 in rent for a trophy unit right on campus, parents will start asking their kids to look for an apartment a few blocks away where they can pay $1,000,” says Jason Schwartz of Blue Vista Capital Management. “If there is a correction, we will be very well positioned.”
SEE IT ALL: https://www.ccim.com/cire-magazine/articles/2019/07/market-trends/
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, 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 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 en.wikipedia.org/wiki/CCIM I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS PLEASE CALL ME – Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net
WEEKLY LAND SALES
“The major fortunes in America have been made in land.” John D. Rockefeller
WEEKLY LAND CLOSING UPDATE / July 12, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / July 5, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / June 28/ 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / June 14, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / June 7, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.cc
WEEKLY LAND CLOSING UPDATE / May 31, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / May 24, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / May 17, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / May 10, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / May 3, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County.
I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS
WEEKLY INDUSTRIAL SALE:
WEEKLY INDUSTRIAL CLOSING UPDATE THROUGH August 16, 2019 / Phoenix Arizona Metro,
I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS
WEEKLY APARTMENT SALES
CLICK HERE FOR APARTMENTS FOR SALE:
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 16, 2019, Phoenix Arizona Metro
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 9, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH August 2, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 26, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 19, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 12, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH July 5, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 28, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 21, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 14, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 7, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 31, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 24, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 17, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 10, 2019, Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH May 3, 2019, Phoenix Arizona Metro.
I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS
CLICK HERE FOR APARTMENTS FOR SALE:
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
CELL: 520-975-5207
Direct: 602-759-1209
Office: 602-445-4112
Fax: 602-865-7461
CLICK HERE TO VIEW ALL MY LISTINGS
“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. … CLICK HERE TO VIEW ALL MY 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.
History of Arizona from 900 BC – 2017 -Timeline.
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
Click here to View My Listings and Profile
Click here to find out what is a CCIM:
Click here to view my website:
Click her to join my mailing list :
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
Direct: 602-759-1209
CELL: 520-975-5207
Office: 602-445-4112
Fax: 602-865-7461
CLICK HERE TO VIEW ALL MY LISTINGS
“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 “
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Direct : 602-759-1209, Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
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
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- P
- Investment Real Estate
Disclaimer of Liability
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.