Daily News from the desk of Nicholas L Miner, CCIM
Here are the news stories you might find interesting today:
Retail’s New Reality (I am quoted in this article)
Learn what it takes to survive in today’s challenging market.
By Jennifer Norbut
Imagine you’ve been cast to star in a new deal-making reality TV show. The objective is to outwit the competition, overcome obstacles out of your control, and complete as many deals as possible – or risk elimination from the show. It isn’t as easy as it might seem: In this contest, capitalization rates don’t matter, replacement costs aren’t considered, and comparable sales don’t exist. The market’s parameters change constantly and you must quickly adapt your strategies to stay viable. Are you up to the challenge?
Gilbert to get $1.8M for green projects
Surprise looking at future of Bullard stretch
Construction spending, pending home sales rise
Court orders impact study on builder’s plan for land
Undeterred by Grim Conditions, Sovereign Wealth Funds Eye U.S. Real Estate
The U.S. commercial real estate market, plagued by high vacancies and declining property values, is not at its most appealing right now, but according to a new report by Deloitte, sovereign wealth funds are beginning to see a great opportunity for investment.
“Read more…”
Cole Real Estate Investments Spends $141.3M on 22 Properties in March
Phoenix-based Cole Real Estate Investments upheld its ranking as one of the most active purchasers of retail real estate in March. The owner/manager, which specializes in single-tenant, net lease deals, acquired 22 properties totaling 223,042 square feet during March, for a total of $141.3 million. March activity brought Cole’s first quarter acquisition total to $168 million in assets totaling 338,438 square feet. The company currently owns or manages approximately $4.4 billion in assets totaling 23.3 million square feet.
Latest economic data suggests recession easing
| WASHINGTON – Evidence that housing is poised to improve and optimism about the results of banking “stress tests” raised hopes Monday that the recession is easing and helped lift a key stock market measure into the black for the year. |
Boxing legend sees Mesa in his future
| Boxing legend Julio Csar Chvez swooped into Mesa Monday to promote two of his business ventures – a new restaurant and an energy drink that will carry his name. |
Derma Health Institute opens fourth Phoenix-area office
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Derma Health Institute opened its fourth Phoenix-area office on Monday, at 10214 N. Tatum Blvd. in Paradise Valley. |
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