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. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
A Weekly Look at the Commercial Mortgage-Backed Securities Business
SEE IT ALL: https://www.costar.com/article/854084556/alarms-ringing-for-office-market-bank-collapse-triggers-office-downgrade-bank-of-america-bullish-on-multifamily
By Mark Heschmeyer
CoStar News
April 6, 2023
| Alarms Ringing for Office Market: When the loan on Philadelphia’s largest standalone office building at 1500 Market St. moved to special servicing in August, it didn’t register much alarm at the time, according to a new report by Morningstar Credit Information & Analytics. After all, the property’s performance metrics were significantly below underwritten expectations for a loan securitized in commercial mortgage-backed securities deal JPMCC 2020-MKST. SEE IT ALL: https://www.costar.com/article/854084556/alarms-ringing-for-office-market-bank-collapse-triggers-office-downgrade-bank-of-america-bullish-on-multifamily But then, a loan on Wells Fargo Center at 1700 Lincoln St. in Denver that’s included in CMBS deal MSC 2019-NUGS transferred to special servicing after the borrower decided against seeking an extension in January. And in another case, Brookfield DTLA disclosed it defaulted on loans for two downtown Los Angeles office towers rather than enact an extension option. Now, capital markets are acutely aware that the office market is coming under new stresses. “The combination of uneven return-to-office patterns and an aging stock where the bifurcation between desirable and undesirable buildings is growing has people speculating that aging office properties may replace regional malls as the bane of CMBS investors’ existence,” Morningstar said in the report. “Property valuations are falling, and rising interest rates are putting further stress on properties that need to refinance in the near future.” With corporate tenants reevaluating their need for space, Morningstar warned loan-to-value estimates and other traditional debt measures may no longer be adequate for determining the likelihood of refinancing or extending a loan. READ MORE |
| Newmark To Sell Failed Signature Bank’s Loans The Federal Deposit Insurance Corp. has retained real estate firm Newmark as its adviser on the sale of an approximately $60 billion portfolio heavy in multifamily loans retained in receivership following Signature Bank’s failure. Signature was a New York state-chartered commercial bank with total assets of about $110.36 billion at year-end, making it the 32nd-largest bank in the country. Banking regulators seized Signature Bank in March and appointed the FDIC as receiver. The FDIC sold about $38 billion of Signature’s assets to Flagstar Bank , the sole subsidiary of New York Community Bancorp. Flagstar left about $60 billion of Signature’s loans on the table, however, including about $35.2 billion of commercial real estate loans, the sale of which is now being marketed by Newmark. READ MORE |
| Investor Launches $100 Million Fund Banking Land for Large US Builders A global real estate investment and land asset manager launched a $100 million private placement fund to help large homebuilders develop homes across the country and address the national housing shortage. Walton Global, based in Scottsdale, Arizona, launched what it’s calling BLF Fund 2 to build and finance a land pipeline in high-growth areas throughout the United States for top home builders. The strategy entails Walton acquiring land large U.S. builders plan to develop and placing the tracts under contract with builders. The goal: Meet the growing market demand for “just-in-time,” land supply for builders, said Walton Global CEO Bill Doherty. READ MORE |
| MORE NEWS |
SEE IT ALL: https://www.costar.com/article/854084556/alarms-ringing-for-office-market-bank-collapse-triggers-office-downgrade-bank-of-america-bullish-on-multifamily
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. 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 your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. 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
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
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.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
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
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
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