I am the Chair of Newtown CDC. We are having our first annual “Affordable Fundraiser for Affordable Housing” on Sunday, November 14, 2010 from 11:30AM to 2:30PM. The mission of Newtown is to help increase the supply of permanently affordable housing while developing and supporting homebuyers through innovative programs and partnerships. If you do not have any plans, please make it a point to show up! You can click here to sign up! If you are interested in being a sponsor, let me know!
Now, for the news!
To view this weeks “The Watchlist” by Costar, click here.
Phoenix‘s Top Office Sales for Q3 2010 The following is an account of the Phoenix market’s top five office sale transactions for third quarter 2010. View article…
Phoenix‘s Top Office Leases for Q3 2010 The following is an account of the Phoenix market’s top 10 office lease transactions for third quarter 2010. View article…
Phoenix‘s Top Retail Leases for Q3 2010 The following is an account of the Phoenix market’s top five retail lease transactions for third quarter 2010. View article…
Phoenix‘s Top Industrial Leases for Q3 2010 The following is an account of the Phoenix market’s top 10 industrial lease transactions for third quarter 2010. View article…
Mountain Vista Commerce Cntr Sells For $7.9M in REO Sale Berkadia Commercial Mortgage, a special servicer for the CMBS pool, has sold Mountain Vista Commerce Center for $7.9 million, or approximately $58 per square foot, in an REO sale. The properties were originally foreclosed upon in 2009. The deal totals 133,600 square feet and includes three buildings located at 14647 S. 50th Street in the Chandler Industrial submarket. The buildings were built in 1999 and are situated on 10 acres. View article…
Jersey Mike’s opens Glendale site Jersey Mike’s Subs opens its first store in Glendale with a grand opening Wednesday. The restaurant, 7410 W. Bell Road, is owned by father and son, Bill and Corey Mapes. View article…
Mesa works on deal to bring 400 jobs to city’s west side Mesa is in negotiations with a Phoenix-based distributing company that could breathe new life into a mostly blighted area on the city’s west side. City officials would not identify the company or comment on the deal. However, The Republic confirmed that the company could bring as many as 400 jobs to the Broadway Road corridor in west Mesa. View article…
Scottsdale tax collections dip 6 percent Scottsdale’s September sales-tax collections of $9.1 million fell 6 percent from the previous year, according to the city’s monthly report. View article…
Tohono O’odham reservation bid near Glendale disputed The Gila River Indian Community says a decision to create a 54-acre reservation near Glendale is invalid because the acreage exceeds what a federal settlement entitled the Tohono O’odham Nation. View article…
Street Aims to Reboot CMBS Wall Street has learned a lesson from the battles that have erupted for control of the bankruptcies of hotel owners Extended Stay Inc. and Innkeepers USA Trust: There has got to be a better way to build a commercial mortgage-backed security. View article…There is a good deal of up and down variation in prices in recent months within some of the indices, suggesting that a smooth upward glide pattern in commercial property values and prices from rec…View article…
Commercial Property Prices: What Trajectory?
Top 10 Metro Areas with Senior Population Growth The leading edge of the Boomers are growing in and moving to many of the same metro areas as seniors and Brookings experts expect impending Boomer seniors to primarily choose to live in suburb…View article…
ULI Real Estate Business Barometer — November 2010 In this month’s ULI Barometer the high unemployment rate and the weak housing market just won’t budge, but there are positive signs in other sectors. See more than 60 key indicators of the…View article…
The Industry: A Year Later The real estate industry’s sense of panic last year has turned to resolve and renewal. The “new normal” is about focusing on what is important and prioritizing what is meaningful, both as humans and as organization…View article…
Liquidity for Retail Assets Increases Even as Fundamentals Lag Commercial real estate lending has loosened up considerably in the past six months, leading to more acquisition activity and making it easier for borrowers facing maturity to refinance their loans. And most industry experts feel that liquidity will only increase in 2011. View article…
CMBS Delinquencies Turn a Corner Data from Trepp LLC showed that CMBS delinquencies decreased in November – the first drop in the monthly delinquency rate in more than a year. The biggest reason for the drop is that loans were liquidated at a more rapid clip during the month. In addition, the Extended Stay Hotels loan, which had been delinquent since late 2009, was finally resolved in October. 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.