THE WATCH LIST A WEEKLY NEWSLETTER FOCUSING ON CHANGING MARKET CONDITIONS, COMMERCIAL REAL ESTATE DECEMBER 2, 2013

 

 

 

 

 

 

 

 

 

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.

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THE WATCH LIST A WEEKLY NEWSLETTER FOCUSING ON CHANGING MARKET CONDITIONS, COMMERCIAL REAL ESTATE DECEMBER 2, 2013

 

 

 

 

 

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.

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 Investment Properties in Phoenix.

 

 

View my listings and my profile at:

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

 

www.Walter-Unger.com

www.KLCommercialGroup.com

 

What is a CCIM?

 

 

Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily

 

www.walter-unger.com

 

Follow me on Facebook:

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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).

 

www.Walter-Unger.com

 

 

 

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

walterunger@ccim.net

 

Delivering the New Standard of Excellence in Commercial Real Estate 

 

www.walter-unger.com

www.KLCommercialGroup.com

 

 

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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.