THE WATCH LIST- A Weekly Newsletter on Changing CRE and Capital Market Conditions








Only the guy who isn’t rowing has time to rock the boat.

Jean-Paul Sartre



THE WATCH LIST- A Weekly Newsletter on Changing CRE and Capital Market Conditions


This Week’s Top Watch List Stories
REITs’ Wallets To Remain Wide Open in 2014.
Property spending projections significantly outpace projected dispositions by biggest publicly traded property owners; we highlight 9 REITs spending budgets.

U.S. Equity REITs to Endure First Real Interest Rate Test.
Hotel, self-storage and multifamily REITs should be able to absorb a spike. In contrast, suburban office, strip centers, CBD offices, malls, health care facilities and triple-net lease REITs have less flexibility.

Tranzon Fox: Bankruptcy Auction – 16.01+/- Commercial Acreage.
Bankruptcy auction of 16.01+/- O&I-CU-zoned acres in Cary, NC.

Fannie and Freddie Forecast Another Strong Year for Multifamily.
However, moderation in rent growth starting to set in and a handful of markets may be past their peak.

CoStar Group To Add Leading Online Multifamily Marketplace with Acquisition of
Other CoStar marketplaces target select niche markets. LandsofAmerica and LandAndFarm provide a marketplace for rural land and farm properties. BizBuySell and BizQuest are the leading marketplaces for small businesses for sale.

High Energy Boom Apartment Rents in ND Not Sustainable.
Energy-related employment in western North Dakota is likely to peak around 2020 and then decline.

Fine & Co: Auction – Double Net Leased Single Tenant Property.
Publicly traded global tenant (Schneider Electric).

Giving More Stores Back: Radio Shack Will Close Up to 1,100 Locations.
Stringent loan covenants need to break or renegotiate leases add obstacles to retailer’s turnaround.

No Store Closures Planned as Albertsons Prepares To Buy Safeway.
Spending cuts are going to have to come from somewhere though. 65 Retail Properties and Notes going to Auction in Late March.
Among the largest properties are: A 76,072 SF retail building in Los Angeles; One two-story retail building totaling 89,201 RSF in Burbank; and a 232,455 SF retail power center in North Richland Hills, TX.

Stage Stores To Sell its Steele’s Off-Price Division to Hilco.
A firm which up until now has been primarily involved in monetization of retail and industrial property assets buys it first operating retail chain.

Darden Opts Not To Spin Off Its Real Estate.
But the company said it will be aggressive in managing costs.

CoStar Top Big Deal Headlines

SL Green Boosts East Coast Holdings, Sells West Coast Portfolio.
As part of the deals, Citi renews 2.6 million square feet in Manhattan leases through 2035.

PREIT To Acquire Springfield Town Center for $465 Million.
Vornado will record a non-cash impairment loss of $20 million on its sale.

LaSalle Picked for Alaskan State Fund Drive into UK Property.
The fund will seek investments between $85 million and $250 million.

Mark Heschmeyer, Senior News Editor
CoStar Realty Information, Inc. 1331 L Street, NW Washington, DC, 20005, USA
Copyright© 2014 CoStar Realty Information, Inc. All rights reserved.
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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 Investment Properties in Phoenix.



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Walter Unger CCIM, CCSS, CCLS

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





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.



  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 or call me on my cell 520-975-5207 or Office:480-948-5554




Thank You


Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

Cell:      520-975-5207   

Office :  480-948-5554

Fax: (480-658-1172


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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.