“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 “ AND “The major fortunes in America have been made in land.”- John D. Rockefeller. 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. 520-975-5207 or email me email@example.com. …. VIEW ALL OF WALTERS LISTINGS
By Angela Gonzales – Senior Reporter, Phoenix Business Journal Jun 19, 2018.
Tulsa, Oklahoma-based BOK Financial Corp. is paying nearly $1 billion to buy Denver-based CoBiz Financial Inc.
Both have a presence in Arizona, with BOK (Nasdaq: BOKF) taking 1.3 percent deposit market share in Phoenix and 1 percent deposit market share in Arizona. It has three Bank of Arizona banking centers in Phoenix and one in Mesa. CoBiz Bank (Nasdaq: COBZ) also has four Arizona Business Bank branches in metro Phoenix.
The $977 million acquisition will provide additional liquidity to continue to fund robust growth in Arizona and Colorado, according to BOK’s presentation to investors on June 18.
Currently, 5 percent of BOK’s loans are in Arizona, but with the combined entity, that book of business would increase to 9 percent in the state, according to its presentation.
Both banks specialize in health-care lending.
Ernie Garfield, owner of Interstate Bank Developers Inc. who helped start 18 community banks in Arizona, said both BOK Financial and CoBiz Financial are stellar banks.
“Their service to Arizona health care and other small businesses is outstanding, and their stockholders should be happy with their substantial reward,” Garfield said.
CoBiz has $700 million in deposits in Phoenix, giving it the 12th largest deposit footprint in the region. It has total assets of $3.8 billion and 15 locations total in Colorado and Arizona.
The deal is expected to close by the fourth quarter, subject to customary closing conditions including regulatory approvals as well as approval of CoBiz shareholders.
BOK is using 75 percent stock and the rest cash to make the purchase.
During the past five years, the BOK Foundation has donated more than $3 million to charitable organizations in Ariozna and Colorado, with employees serving in leadership for 78 philanthropic organizations, according to a statement announcing the merger.
During that same period, CoBiz donated more than $7.6 million to charities in Arizona and Colorado through its employee-led CoBiz Cares Foundation, annual concert fundraiser the Biz Bash and direct corporate giving. SEE IT ALL: https://www.bizjournals.com/phoenix/news/2018/06/19/this-1m-bank-merger-means-more-growth-for-arizona.html?ana=e_ae_set2&s=article_du&ed=2018-06-20&u=ZXsA9sAMiPLjEsDZNfaszA04537f30&t=1529532992&j=82257551
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. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
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 520-975-5207 OR E-MAIL ME email@example.com
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. 520-975-5207 or email me firstname.lastname@example.org
WEEKLY LAND CLOSING UPDATE / THROUGH June 15, 2018 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY LAND CLOSING UPDATE / THROUGH May 25, 2018 / Phoenix Arizona Metro, Maricopa County, Pinal County.
WEEKLY APARTMENT CLOSING UPDATE THROUGH June 15, 2018, Phoenix Arizona Metro.
- 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%).
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.
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 email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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