May 2014

THE WATCH LIST – A WEEKLY NEWSLETTER FOCUSING ON CHANGING MARKET CONDITIONS, COMMERCIAL REAL ESTATE

                  One thorn of experience is worth a whole wilderness of warning. James Russell Lowell   MARK HESCHMEYER, EDITOR / MAY 5, 2014 IN THIS WEEK’S ISSUE: The JCPenney/Sears Effect Part I: Retail REITs Target Malls for Pruning Portfolios…… 1 The JCPenney / Sears Effect Part II: …

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What is an Adjustable Rate Mortgage (ARM)?

                  Those who cannot remember the past are condemned to repeat it. ~George Santayana (1863-1952) Term of the Day Adjustable Rate Mortgage ARM. A mortgage with an interest rate that may change, usually in response tochanges in the Treasury Bill rate or the prime rate. The purpose of the interest rate adjustment is primarily to bring the interest rate on the mortgage in line withmarket rates. The …

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Planned Arizona solar tower would be tallest structure in North America

                I’ve managed to convince my wife that somewhere in the Bible it says, ‘Man cannot have too many shotguns and fishing poles.’ Norman Schwarzkopf   UPDATED: Apr 29, 2014, 6:42am MST Hayley Ringle Reporter-Phoenix Business Journal The small southwestern Arizona town of San Luis has approved the …

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