Commercial Real Estate & Business News – October 3, 2013

High-Net Worth Investors Covet Real Estate Yields, But Their Objectives Vary Dramatically

To market commercial real estate products to high-net-worth individuals, you have to know exactly who you are marketing to, according to wealth management advisors and CPAs. Investment objectives and appetites for risk vary widely among this type of investor. Experiences range from those who have made their fortunes in real estate and are capable of managing their own buildings to relative novices who may want to maximize their returns but need the guidance of a professional. Others look to real estate as an asset key to estate planning for transferring wealth to their heirs. As a result, there is no “one size fits all” approach for dealing with high-net-worth investors, although there are some guidelines that financial advisors and family offices keep in mind when dealing with these types of clients… Read more

Wal-Mart, Target Roll Out Smaller Urban Store Formats to Do Battle with Dollar, Drug Store Rivals

The latest growth strategy at Wal-Mart stores is to get bigger by getting smaller. After building the world’s largest retail platform by opening superstores in every major U.S. market, Wal-Mart is doubling down on a strategy of opening new stores that are a fraction of the chain’s traditional size, targeting densly populated urban areas where demographics increasingly show more people prefer to work and live. .. Read more

Scottsdale Gateway Alliance seeks McDowell Resurgence

There was a time when the McDowell Road Corridor was a major commercial artery pumping a constant flow of dollars and cents into the coffers of local proprietors as well as the municipality of Scottsdale. The Scottsdale Gateway Alliance wants to bring the success of years past back to an overlooked area they say is primed for revitalization and a comeback… Read more

First Single-Family Rental Loan-Backed Bond Deal To Test Market

The emerging single-family rental business took another step towards market acceptance this week as VFC Partners, one of the early investors to buy up large numbers of foreclosed single-family homes, made plans to bring the first commercial mortgage bond offering to market backed in part by loans on such properties… Read more

Terra West Communities Acquires Vista Verde for $45m

Michael Jesberger of TerraWest Communities, LLC has acquired 824.91 net acres in unincorporated Maricopa County for $45m or $54,551 per acre. The site, which is located between Dixileta and Rio Verde Drives from 172nd Street to the Tonto National Forest, centers around Vista Verde Golf Course – an 18-hole, par 72 target-style golf course designed by Ken Kavanaugh that opened in 2006… Read more