To view the “Year-End 2010 Industrial Review & Outlook” by Costar, click here.
To view the “CMBS Monthly Delinquency Report dated 1-19-11” by Realpoint, click here.
To view the January 2011 issue of Chain Store Age, click here.
To view the January 2011 issue of Real Estate Forum, click here.
To view this weeks “The Watchlist” by Costar, click here.
Scottsdale narrowly approves 135-foot downtown building The Scottsdale City Council narrowly approved a request by the Scottsdale Waterfront developer to allow a taller building at its downtown site after a debate and negotiation between stakeholders that continued during the council’s meeting. View article…
Scottsdale to review 5 proposals for property near WestWorld Scottsdale has received five proposals to develop all or a portion of an 80-acre site north of WestWorld that the city is looking to sell or lease. The bids, which were due by Jan. 12, range from luxury apartments to a wakeboard park and a Western-themed town and museum. View article…
December Real Estate Market Softened, but 2011 May Still Be the Transition Year Phoenix Metro home prices continued their decline in December, and are expected to keep dropping for the foreseeable future. “The housing market is softening and that trend is likely to continue for at least the next few months,” says Karl Guntermann, professor of finance and real estate who compiles the Arizona State University-Repeat Sales Index (ASU-RSI). View article…
Phoenix Real Estate: Slower Population Growth May Delay Housing Market Recovery (about a 10 minute podcast) Since 2008, 11 percent of the single-family homes in Maricopa County, Arizona, have been through foreclosure — 4 percent in the last year alone. And with moratoriums on foreclosures ending, the new year is expected to start with an uptick in the number of property owners losing their homes. View article…
Capitol Bancorp Nogales joins Sunrise network Capitol Bancorp Ltd. completed the sale of Bank of Tucson’s main office to Grandpoint Capital Inc. and has entered into a stock purchase agreement to sell its majority interest in High Desert Bank of Bend, Ore. View article…
Commercial Real Estate: Out of Intensive Care, But Still in Recovery After spending the better part of two years in ICU, the commercial real estate market finally appears to be on the road to recovery. In his latest podcast, mortgage banker John B. Levy points out that while investment sales doubled from 2009 to 2010 and the future of CMBS looks promising, the healing market is not yet out of the woods. View article…
Retail Investment Sales Surge in the Fourth Quarter New data from New York City-based Real Capital Analytics (RCA) shows that retail investment sales volume reached its highest point since this down cycle began. During the fourth quarter, 494 significant retail properties changed hands in transactions worth a combined $7.8 billion. (RCA counts transactions larger than $5 million.) View article…
If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.