Always be a first-rate version of yourself, instead of a second-rate version of somebody else.
– Judy Garland
Nov 8, 2013, 2:14pm MST Kristena Hansen Reporter- Phoenix Business Journal
The Urban Land Institute has published itsannual Emerging Trends in Real Estate 2014 report, and metro Phoenix didn’t make the cut in its ranking of the top 10 real estate markets.
In fact, the Valley landed smack in the middle at No. 25, an eight-spot jump from ULI’s 2013 list. The rankings are determined by survey responses from real estate experts and leaders.
Respondents felt local real estate investment would be better in 2014, but it was the improved outlooks for development — which moved from “modestly poor” to “fair” — and home building — which moved from “modestly poor” to “modestly good” — that bumped Phoenix’s overall ranking, the report said.
ULI also noted that Phoenix’s expected 2.4 percent rise in population next year — one of the biggest increases in the nation — would boost its real estate recovery.
Still, No. 25 out of 51 may be surprising to some.
Just this week, the Valley learned it had landed a glass manufacturing operation for Apple Inc. at the former First Solar facility in Mesa, which will generate about 2,000 jobs and elevate the region from an overall economic standpoint.
Earlier this year, State Farm Insurance announced it was spending $600 million to erect a 2 million-square-foot regional headquarters along Tempe Town Lake, the largest office development in Arizona history that will create thousands of jobs for the area.
Then there’s the housing market, which was among the hardest hit during the crisis and has been making a rapid recovery since 2012.
The median Valley home price was up 33 percent year-over-year to $199,000 and foreclosures, which once flooded the market, dropped a staggering 63 percent during the same period, according to the latest Arizona State University housing report this week.
Here’s ULI’s list of the top 10 real estate markets 2014:
- San Francisco
- Houston
- San Jose, Calif.
- New York City
- Dallas/Fort Worth
- Seattle
- Austin
- Miami
- Boston
- Orange County
Kristena Hansen covers residential and commercial real estate.
a little about me and my expertise – video
LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA
https://www.youtube.com/watch?v=PPs3kpKR4nY
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
http://en.wikipedia.org/wiki/Phoenix,_Arizona
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Thank You
Walter
Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix, AZ 85016
Cell: 520-975-5207
Direct: 602-759-1202
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