Here are the news stories you might find interesting today:
To view the Apartment Market Webinar I listened to yesterday, click here. The pattern of distressed opportunities is going to be more of a trickle vs what was seen in the 1990s during the RTC; however, properties are starting to see multiple offers.
If you would like a copy of the webinar that was just put on by Ryan Krauch from Mesa West Capital, send me an email. The discussion centered on how lenders underwrite in today’s environment. At the end of the day, lenders are looking to the quality of the asset and the location.
If you want a copy of the Apartment Finance Today: You can read Apartment Finance Today online, in our digital format that reproduces every page of the magazine. Simply click here to read the entire issue cover-to-cover.
Study: No jolly holiday for retail
| Retailers shouldn’t expect a particularly jolly holiday season. |
Walgreens plans beer, wine in Ariz. Stores
| Walgreens plans to begin selling beer and wine at all 239 of its stores across Arizona. |
Fed extends housing plan, keeps rates steady
WASHINGTON – With the U.S. economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market.
Big Daddy’s grill shut down
During the past 14 months, Al Ames put much of his savings and nearly all of his time into a 5,200-square-foot restaurant called Big Daddy’s Smokehouse Sports Grill in the Ahwatukee Foothills.
New restaurant coming to downtown Chandler
Siracha Lounge, which will serve Asian-American foods, is scheduled to open Oct. 19 in downtown Chandler.
Gaylord’s financial boost good news for Mesa
| Gaylord Entertainment’s plans for a massive hotel and conference center in Mesa got a boost with an announcement that it plans to raise $380 million. |
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.