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Quote of the Week
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The entrepreneur always searches for change, responds to it,
and exploits it
as an opportunity.
Peter F. Drucker
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Remember
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Remind yourself
that prospects need you
even more
than you need them.
They are the ones
with the needs.
You are the one
with the solutions.
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Greetings!
The new year is well under way and we had great start in January. If this holds and we are cautiously optimistic that it will, 2013 could be a better year than 2012. Seasonally adjusted, activity is up in all sectors locally and probably regionally as well. It has not effected prices however. Vacancies in office and industrial, though down from a high of around 15 to 20% are still keeping downward pressure on both sales prices and lease prices and they continue to be at the bottom. Sellers are generally asked to consider offers below the asking price, far below in come cases, and landlords are still being asked to give considerable concessions to secure tenants. This scenario will continue at least to mid year and the effects shall plague us even longer as vacancies continue to be absorbed slowly.
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Featured Sale Property
2,541 sq. ft.
Medical Office
- Reception Area, Waiting Room
- 5 exam rooms,
- 2 offices
- Large open back office space.
Great location-directly across from the YMRC hospital.
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** SHORT SALE**
$1,300,000
Submit All Offers
- Great Location and Investment Property
- High visibility from Highway 69
- All utilities to buildings
- Paved Parking
- Curbs, gutters, sidewalks and landscaping
- 66 parking spaces in South Building, 77 parking spaces for North building, Additional Parking for Truck Docks may be added with additional vacant land
Short Sale! Two - 18,620 sq.ft. buildings. C-3 Zoning
One facing Hwy 69 and the other along Eastridge Dr. Both are grey shell and ready for Buyer improvement.
66 parking spaces in South Building, 77 parking spaces for North building, Additional Parking for Truck Docks may be added with additional vacant land.
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Real estate exec sees commercial looking upBy Catherine ReagorThe Republic
Housing gets most of the attention in metro Phoenix because of the past year's rise in home prices, but the commercial real-estate market may be on the upswing as well.
Commercial market veteran Pete Bolton, executive vice president and managing director at Newmark Grubb Knight Frank in Phoenix, offers current views on the office, industrial and retail market.
Question: Summarize how the Phoenix commercial real-estate market is faring and how Wall Street and other investors are affecting it.
Read More
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More Lenders, More Choices for Multifamily Borrowers
Feb 8, 2013 11:17 AM, By Bendix Anderson, Contributing Writer
Even though experts expect Freddie and Freddie to continue to dominate the financing landscape for multifamily properties in 2013, other lenders are active and should increase their market share. "Life companies, balance sheet lenders and CMBS lenders are increasingly muscling their way into the scrum with higher leverage, creative pre-payment structures and shorter loan terms," says Holly Minter, executive vice president for Jones Lang LaSalle.
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Let us put our positive, innovative, experienced and knowledgeable team to work for you today.
Sincerely,
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Jack Fowler, CCIM
Fowler Commercial |
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