“As a general rule, the most successful man in life is the man who has the best information” Benjamin Disraeli
Dec 30, 2015 NREI Staff
- Fannie and Freddie Give Birth to New Mortgage Bond“Fannie Mae and Freddie Mac are turning to crisis-era tools to reduce their exposure to mortgage losses and spark a new market for financing home buyers. Beginning in 2016, the two government-controlled housing giants will ramp up sales of a new type of security that will transfer most of the cost of defaults on all but their safest mortgages to private investors.” (The Wall Street Journal)
- Icahn to buy Pep Boys for $1 billion after Bridgestone bows out“Carl Icahn’s Icahn Enterprises LP has agreed to buy Pep Boys-Manny Moe & Jack for about $1 billion, the companies said on Wednesday, hours after Bridgestone Corp quit the race for the U.S. auto parts retailer. Japanese tire maker Bridgestone said on Tuesday it would not raise its latest cash bid of $17 per share to counter Icahn’s raised offer of $18.50 per share in cash.” (Reuters)
- American median incomes are finally back to prerecession levels“Americans’ median incomes have recovered the ground lost since the beginning of the Great Recession — and it only took 8 years. A report released Tuesday by Sentier Research drew on Census Department data to show what a long slog it’s been.”
- Commercial Property Firms Set for More Deals in New Year“The world’s largest commercial real estate-services firms cranked their mergers and acquisitions engines into high gear in 2015 and will likely keep their feet on the gas well into the new year.” (The Wall Street Journal)
- Shopping Center Investors, Retailers Focus On Attracting More Consumer Spending in 2016“With increasingly confident U.S. shoppers running up credit card debt again, retailers are hopeful that consumption of retail goods and services will continue to build in 2016. Shopping center landlords in turn are hopeful demand for physical retail space remains strong, with demand expected to outpace an escalating but still modest level of new store construction and deliveries in 2016.” (CoStar)
- A Conversation With Jonathan H. Simon“Mr. Simon, 50, is the founder, chairman and chief executive of Simon Baron Development, which focuses largely on residential and mixed-use developments, particularly rentals. Among Simon Baron’s current projects is a condominium at 12 East 88th Street, a prewar building in Manhattan designed by Rosario Candela.” (The New York Times)
- Rising Tide in Home Prices Could Lift Retailers Like Target“The rising tide in the U.S. housing market may be just what Target has needed, as shoppers are likely to find both a renewed sense of confidence in the U.S. economy as well as extra cash to spend at discount retailers.” (The Street)
- Related Cos. in talks for 11-acre Williamsburg waterfront site“The Related Cos., developer of the Hudson Yards, is in talks to invest in an 11-acre waterfront development site in Williamsburg, Brooklyn, known for the large records warehouse CitiStorage that burned down there earlier this year. Related, along with at least two partners, Midtown Equities and East End Capital, is negotiating to provide a loan to one of the owners of the site, according to sources familiar with the proposed transaction.” (Crain’s New York Business)
- Hollister Soho Flagship Building Gets $120M Refi From Iron Hound, BNY Mellon“Iron Hound Management Company’s one-year-old lending arm, IH Capital, and Bank of New York Mellon Corp. funded a $120 million loan facility to refinance a six-story building—which houses the Hollister Co. flagship—at 600 Broadway in Soho, Commercial Observer can first report.” (Commercial Observer)
- China’s Unprecedented Real Estate Bubble Is a Ticking Time Bomb“The second and biggest trigger I’ve been warning about is China’s unprecedented real estate bubble collapsing. Recall the Japanese at the top of their stock and real estate bubble in 1989. They were buying real estate hand-over-fist, from Pebble Beach to Rockefeller Center to London. Then, after bidding them up, they ended up selling those holdings at big losses.” (Investor Place)
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 Commercial Properties or Investment Properties in Phoenix / Tucson / 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 in Phoenix / Tucson / Arizona. 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 international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
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http://walter-unger.com/?p=15472
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Click here to find Reasons to Consider me for Commercial Referrals
http://walter-unger.com/?p=15010
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Click here to View My Listings and Profile
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
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Click here to find out what is a CCIM:
https://en.wikipedia.org/wiki/CCIM
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Click here to view my website:
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Click here for Map of Apartments for Sale (10+units)
http://www.easymapmaker.com/map/c2d8e018a34f1d46bfb692437bd4753f
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3rd QTR 2015 GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER Kasten Long Commercial Grpup.
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Click here: No Slowdown in New Construction in Q3 – Apartments
http://walter-unger.com/?p=15073
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Click her to join my mailing list :
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
WHY PHOENIX ARIZONA : ???
http://walter-unger.com/?p=13391
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Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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http://en.wikipedia.org/wiki/Phoenix,_Arizona
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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.
walterunger@ccim.net 1-520-975-5207
Check out my professional profile and connect with me on LinkedIn.
https://www.facebook.com/ungerccim
https://twitter.com/Walterunger
https://plus.google.com/u/0/b/114560883588623379451/
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
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
Direct: 520-975-5207
Fax: 602-865-7461
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
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- Commercial Investment Properties Scottsdale
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