NEW LISTING

Tucson - Hotel Site - Interstate 10 & Tangerine:

http://www.icontact-archive.com/ZFH3-wKlPPe3Pch39WJeUDbaqDn3ndgZ

NEW LISTING

Office space available for lease in "business" friendly Marana! 

Limited space left on first floor – 2^nd floor fully leased.   

http://www.icontact-archive.com/ZFH3-wKlPPe3Pch39WJeUMZ6OyRcmQRG

Supply & Demand For Commercial RE Loan

Banks are slowly ramping up their commercial real estate lending according to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices. In the recently released April survey, 5.5 percent of respondents said their banks eased standards for CRE loans in the prior three months, the first such loosening of bank credit since the fourth quarter of 2005. Nearly 35 percent reported stronger demand for CRE loans from creditworthy borrowers, the largest quarterly jump in 13 years. Banks aren’t out of the woods yet, however. The outstanding volume of bank CRE loans, at levels last seen in late 2006, continues to fall as the increase in REO properties outpaces the issuance of new loans. The FDIC reports that 40 banks have failed year-to-date compared with 72 through the first five months of 2010. Most of these are smaller community banks, and many were laid low by imprudent commercial real estate lending during the bubble years. Nearly 40 percent of all loans at small domestic banks are in commercial real estate versus just 14 percent at large domestic banks according to an analysis of Federal Reserve data. Overall, capital availability is increasing for commercial real estate across most sources of debt and equity. Although prices have moved higher for core assets in primary, supply-constrained markets, pricing for slightly riskier assets (older, more vacant space, secondary location, etc.) remains low, tempting investors and lenders with visions of buying low now and selling high down the road when the market fully recovers. 

Source: Robert Bach Senior Vice President, Chief Economist  - Grubb & Ellis

NEW LISTING

47.2 Acres For Sale at Tangerine & I-10

Industrial Distribution Site Logistics Center

http://www.icontact-archive.com/ZFH3-wKlPPe3Pch39WJeUHDkgG2W0W6E

Critical mass in bio-tech will drive ‘big pharma’ search for commercial real estate - Inside Tucson Business: Construction / Real Estate

Critical mass in bio-tech will drive ‘big pharma’ search for commercial real estate - Inside Tucson Business: Construction / Real Estate:

 "When Bob Davis talks about opportunities in commercial real estate, he's quick with a quip that gets his point across. His straight talk mixes…"

The Comeback Kids

May 13, 2011

About two-thirds of the first-quarter earnings season is in the books, and it has been another good one. For S&P 500 companies reporting so far, income growth surged 21 percent from a year ago while revenue growth clocked a solid 9 percent gain, a sign that demand is expanding across most sectors of the economy. In my mind, two companies stand out, not because they led the pack but because they are comeback stories.

•             General Motors posted earnings in 2010 that were its highest in more than a decade, and last week the company reported first-quarter profit that more than tripled from a year ago to $3.15 billion while revenue surged 15 percent to $36.2 billion. Excluding $1.5 billion of special items – primarily the sale of its interests in Delphi Automotive and Ally Financial – the company’s earnings were $0.95 per share, which beat consensus estimates of $0.93. GM’s performance was fueled by strong demand for new, fuel-efficient vehicles such as the Chevrolet Cruze. Earlier this week, GM announced it will invest $2 billion in 17 factories across eight states and add 4,000 workers by 2014. The U.S. Treasury plans to further reduce its stake in GM this summer and reportedly wants to offload its entire stake by year end. GM has become an important driver of the manufacturing renaissance in the Midwest.

•             Macy's, like GM, more than tripled its first quarter earnings versus last year. Earnings per share of $0.30 handily beat the consensus of $0.18 and last year’s performance of $0.09 as the company’s initiatives and merchandise offerings finally paid off. Same-store sales in the quarter rose 5 percent, and Internet sales increased 38 percent. Management increased the dividend, and share repurchases could begin next year. Macy’s performance is good news for the many malls that it anchors, which are seeing increased foot traffic. For years, the story has been retailers at the upper and lower ends of the price-point spectrum capturing market share from the shrinking middle. While that trend is still in place, Macy’s is showing that savvy management, aided by a modest rebound in consumer spending, can establish a beachhead against further erosion and perhaps recapture some of that market share.

The revitalization of these iconic brands remains a work in progress, but they have come a long way from 18 or 24 months ago when the future looked a lot bleaker.

Have a great weekend.

Best regards,

Bob

Robert Bach

SVP, Chief Economist

Grubb & Ellis

Sale Price Reduced - 1881 N. Kolb Road

The sale price on the office space located at 1881 N. Kolb Road has been reduced:

http://www.icontact-archive.com/ZFH3-wKlPPe3Pch39WJeUBiAP_tJwcW9