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Quote of the Week
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"Many of life's failures are people who had not realized how close they were to success when they gave up."
- Thomas A Edison
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A Funny
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It's hard to be funny when you have to be clean.
Mae West
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Greetings!
The end of March is near and as we draw to the end of the first quarter our real estate activity is still better than usual, especially considering the last 3 or 4 years. Lease rates are still held down by vacancies even though vacancies are slowly being absorbed. Buyers unwillingness to accept more risk and the inability to acquire financing has held sale prices down. Most deals are at a 8 cap rate or higher as a cash sale or SBA loan with substantial collateral outside of the property being purchased. I understand that multi-family properties are selling for a low cap rate, as low as 5 for a good performing property.
On another note, Angie Sumner will have completed her Arizona brokers education by the time you receive this letter. She should be able to test out at the state level and become an Associate Broker in the very near future. A lot of work to obtain that designation and we congratulate her for her work and accomplishments. |
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Featured Sale Property
9,222 sq. ft.
Medical Office Building
- Fully Leased Out!
- 3 Suites
- .88 acres
- only $146 sq ft
One of the best medical buildings on Medical Row
across from Yavapai Regional Medical Center Hospital.
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Great Price Offered At
$269,900
- Great Location and Investment Property
- 3,960 sq. ft. building Vanilla Shell.
- All utilities to building
- Paved Parking
- Curbs, gutters, sidewalks and landscaping
- Suitable for Retail of Office Space.
Excellent investment or end user opportunity! Low sq. ft. rate and highly recognized location at Prescott Lakes.
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Commercial real estate volumes show strong growth in the first quarter of 2013
Monday, 08 April 2013
Preliminary data from international real estate consultants Jones Lang LaSalle show direct investment volumes reached US$94 billion, an 8% rise compared with the first quarter of 2012.
The market research covering 60 countries suggests that commercial real estate continues to rank high on the list of acquisitions for investors around the world and the firm says that improving confidence in the global economic recovery and a continued demand for direct real estate exposure continue to push volumes higher with Germany, Japan, and the United States all finishing the quarter strong. read more |
Commercial Real Estate Revival Wins Attention of American Capital Holdings LLC
updated 3/26/2013 6:00:00 AM ET
The company points to a recent article from The Orange County Register, which notes that there is ample reason to celebrate the revival of the commercial real estate industry. American Capital Holdings LLC has issued a new statement to the press, heralding this positive news.
"For a long time now, experts have opined about how the housing market is leading real estate to a full-fledged comeback," notes American Capital Holdings LLC, in the company's new press statement. "What we have always said is that commercial real estate is also a big part of that rally. We are glad to see articles like this one, shining the spotlight on the positive trends coming out of the commercial real estate sector."read more
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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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