Education is the key to unlock the golden door of freedom.
George Washington Carver
MARK HESCHMEYER, EDITOR DECEMBER 2, 2013
IN THIS WEEK’S ISSUE:
CRE Prices Post Modest Quarterly Gains………………… 1
The Beginning of the End for the Apartment Pricing Boom………………….. 5
Student Housing Market Feeling Effects of Enrollment Headwinds…. 6
Colony American Homes Prepares for Single-Family Rental Securitization………… 7
Fifth & Pacific Agrees To Early Termination of Juicy Couture Flagship NYC Store Lease………….. 8
Defense Department Checking Out Plans To Close Stateside Commissaries…………… 8
Barington Capital Wants Darden To Unlock Value in Restaurant Real Estate………. 8
Closures & Downsizings……………….. 9
Recession–Related Litigation Expenses Cut into Bank Earnings…………………. 10
Capital Markets Round-Up
CRE Prices Post Modest Quarterly Gains
As Investors Move Beyond Multifamily and Core Markets, Retail Leads Price Gains Among All Major
Property Types; West Region Sees Strongest Quarterly Gain After posting modest gains through the first two months of the third quarter of 2013, price growth for commercial property was mixed in September, reflecting the uncertainty that existed over economic policy and an uptick in interest rates. The two broadest measures of aggregate pricing for commercial properties within the CoStar Commercial Repeat Sale Index (CCRSI) — the value-weighted U.S. Composite Index and the equal-weighted U.S. Composite Index — saw little movement for the month. The value-weighted index, which is influenced by larger transactions, expanded by 0.3% in September; while the equal-weighted index, which reflects more numerous smaller transactions, dipped by 0.6% in September. However, both indices posted modest gains in the third quarter of 2013, and advanced 8.4% on an annual basis.
Based on 1,187 repeat sales in September 2013 and more than 125,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity. SEPTEMBER 2013
CCRSI NATIONAL RESULTS HIGHLIGHTS With pricing for multifamily assets in the Northeast and West regions approaching peak or near-peak levels, investors have continued to expand their search for yield beyond core gateway markets, leading to stronger price gains in the office, retail and industrial sectors in other regions, including the Midwest region. After bottoming more than a year later than in the other regions, the Midwest Composite Index has advanced by 15.7% from its trough in mid-2012, buoyed by pricing growth in the multifamily and retail sectors.
CAPITAL FLOWS REMAIN STRONG
The recovery in market fundamentals and firming of property values has fueled transaction activity by giving lenders more confidence to make deals. This in turn has boosted U.S. composite pair volume, which tallied nearly $60 billion year-to-date as of the third quarter of 2013, an increase of 20% from the same period last year. Other capital sources, including a restored CMBS market, banks and life insurers, are increasing their CRE lending volumes, joining the government-sponsored enterprises (GSEs) that have provided the primary financing support to date.
Pdf.
a little about me and my expertise – video
LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA
https://www.youtube.com/watch?v=PPs3kpKR4nY
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
4.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Thank You
Walter
Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix, AZ 85016
Cell: 520-975-5207
Direct: 602-759-1202
Office : 602-445-4141
Fax: 602-445-4188
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.