Eight Must Reads for the CRE Industry Today (November 14, 2019)

 

 

 

“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 “    I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS  Call me if you want to sell your property and  need an estimated value.  Direct : 602-759-1209, Prefer cell: 520-975-5207 or email me walterunger@ccim.net.    A  CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS .  

Apple is the latest tech giant to commit billions toward affordable housing in the Bay Area, reports MarketWatch. The New York Times looks at how Airbnb is marketing itself. These are among today’s must reads from around the commercial real estate industry.

NREI Staff | Nov 04, 2019

  1. Companies Cut Back, But Consumers Party On, Driving the Economy“Businesses and households swim in the same economic soup and their outlooks — gloomy or bright — are usually in sync. But in recent months, the two seem to occupy opposite ends of a teeter-totter, with consumers continuing to spend while business owners and managers are chastened by doubt and uncertainty. This curious divergence has allowed the economic expansion to extend its record run. The question is how long it can continue.” (The New York Times)
  2. Apple Commits $2.5 Billion Toward Building Affordable Housing in San Francisco Area“Apple Inc. said Monday it has committed $2.5 billion to help combat what the technology giant called the “housing availability and affordability crisis” in California, as nearly 30,000 people left San Francisco between April and June and homeownership in the Bay Area is at a 7-year low. Apple said it has committed $1 billion to an affordable housing investment fund, to provide the state and other with a line of credit to develop new very low- to moderate-income housing.” (MarketWatch)
  3. Why New York City’s Tech Boom Will Turn It into a Ghost Town“Amazon may have backed out of their plan to build their ‘second headquarters’ in Queens after local objections, but according to a survey by analyst firm KPMG in March, 60 percent of tech-industry leaders still believe New York will surpass Silicon Valley as the country’s center of technology innovation. Already, Google is growing its New York City presence with a new $1 billion Hudson Square campus, scheduled to open in 2020 — with additional space planned for 2022.” (New York Post)
  4. Rent Control: The Dirtiest Words in Real Estate Investing“Roaring Rents: Apartment REITs have delivered a strong 2019 as rent growth reaccelerated this summer to the highest rate since 2016. Occupancy remains near record-highs while turnover is at record-lows. Robust employment and wage gains have powered growth in both renting and owning household formations. Demographics, however, suggest the next decade will be tougher than the last for apartment REITs.” (Seeking Alpha)
  5. Why Barbie, a Blimp and a Wienermobile Are Posting on Airbnb“It was a warm August evening in Evanston, Ill., just north of Chicago, when the Wienermobile rolled out the red carpet for a sleepover. Actually, the carpet was green, and not so much carpet as artificial turf. Inside the Wienermobile, the meat brand Oscar Mayer’s signature marketing machine, there was a pullout bed and a mini fridge. There were hot dog sunglasses, hot dog onesies and actual hot dogs with all the accouterments. (But no ketchup: Chicago doesn’t really do hot dogs with ketchup. It’s a thing.)” (The New York Times)
  6. Stonestown Galleria’s Next Makeover: Housing on its Sprawling SF Site“The transformation under way at San Francisco’s Stonestown Galleria is obvious these days. Gone are the bookend department store anchors, Macy’s and Nordstrom. A new Whole Foods is under construction, along with a Sports Basement, an expanded Target and an 11-screen Regal movie theater. But mall owner Brookfield Properties doesn’t intend to rest after the current crop of businesses opens. Instead, Brookfield sees the new wave of retailers and entertainment venues as a prelude to a much bigger and more ambitious metamorphosis that would include a substantial number of new homes.’ (San Francisco Chronicle)
  7. Why ‘Billionaire’ Real Estate Mogul Harry Macklowe Is Not Really a Billionaire“In 2007, Harry Macklowe owned prime Manhattan real estate, including the General Motors Building on the edge of Central Park and the iconic, Steve Jobs-designed glass cube Apple store out front. He had just acquire seven more New York City skyscrapers in a $7 billion mega-deal. He also had a mountain of debt tall enough to make Donald Trump blush.” (Forbes)
  8. Cannabis Industry Jargon Tangles Real Estate and Insurance Ops“Real estate operators and insurers are trying to keep up with the quickly evolving cannabis industry as quickly as bills stack in congress for national legalization of cannabis, as well as changes to jargon crucial to operating their businesses compliantly, according to panelists on a Claims Magazine and GlobeSt.com webinar looking at the insurance and real estate implications of cannabis-touching companies, ‘Legalized Cannabis is Big Business.’” (com)

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 owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, 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 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 en.wikipedia.org/wiki/CCIM    I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS   CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS     PLEASE CALL ME –  Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net

Commercial Real Estate News That Matters – GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER 2nd QTR 2019 –  Kasten Long Commercial Group –

 

WEEKLY LAND SALES

“The major fortunes in America have been made in land.”   John D. Rockefeller

 

 AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS   CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS

WEEKLY INDUSTRIAL SALES:

 

I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS   CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS

WEEKLY APARTMENT SALES

 

I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS   CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS

CLICK HERE FOR APARTMENTS FOR SALE:

Commercial Real Estate News That Matters – GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER 2nd QTR 2019 –  Kasten Long Commercial Group –

 

 

 

Walter Unger CCIM

Senior Associate Broker

Kasten Long Commercial Group

5110 N 40th Street, Suite 110

Phoenix , AZ 85018

CELL: 520-975-5207

Direct: 602-759-1209

Office: 602-445-4112

Fax:       602-865-7461

walterunger@ccim.net

CLICK HERE TO VIEW ALL MY LISTINGS

www.Walter-Unger.com

www.KLCommercialGroup.com

What is a CCIM.

 

 

 “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 “  ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR  LAND  in Phoenix, Maricopa County and Pinal County, Arizona, please call me.  Office: 602-445-4113,  Direct : 602-759-1209 , cell: 520-975-5207 or email me walterunger@ccim.net.  … CLICK HERE TO VIEW ALL MY LISTINGS.

 Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE     

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

 

8 Reasons You Should Invest in Land

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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”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION

ARIZONA FACTS – YEAR 1848 TO 2013

VIEW ALL OF WALTERS LISTINGS

What is a CCIM.

CLICK HERE TO VIEW MY WEBSITE

  • 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%).

PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017

LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17

Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience                                                                                                                         

Click here to View My Listings and Profile

Click here to find out what is a CCIM:

Click here to view my website:

Click her to join my mailing list :      

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

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

Senior Associate Broker

Kasten Long Commercial Group

5110 N 40th Street, Suite 110

Phoenix , AZ 85018

Direct: 602-759-1209

CELL: 520-975-5207

Office: 602-445-4112

Fax:       602-865-7461

walterunger@ccim.net

CLICK HERE TO VIEW ALL MY LISTINGS

www.Walter-Unger.com

www.KLCommercialGroup.com

What is a CCIM.

 

“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 “   

Please check maps if your Land or Commercial Property is in the Opportunity Zone, IF SO CONTACT ME / THIS IS FOR SELLER’S AND BUYER’S.

ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR  LAND  in Phoenix, Maricopa County and Pinal County, Arizona, please call me.

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.

Direct : 602-759-1209,  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.

Follow me on LinkedIn

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 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 walterunger@ccim.net or call me on my cell 520-975-5207

www.Walter-Unger.com

 

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

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What is a CCIM?

Reasons to Consider me for Commercial Referrals

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