Valley Real Estate

[puckhead]

No participation trophies.

Not even if you're 'hooked on phonix?'

 

[Luciano]

No sympathy from me on this.

Opendoor , Cerberus Capital Management LP and others big corporate landlords lost 58,000 apiece and local flippers sold homes for 20% above their purchase price for once.

 

[dscher]

Opendoor , Cerberus Capital Management LP and others big corporate landlords lost 58,000 apiece and local flippers sold homes for 20% above their purchase price for once.

Definitely not a surprise inside one of the biggest speculative asset bubbles ever created...

 

[Dback Jon]

Tottie's Asian Bistro, in the Shopping Center at Thomas and Hayden, just closed their doors - landlord doubled their rent from 10K to 20K a month, making the margin not worth it. Tottie decided to mostly retire, but helping out some at the other Tottie's (which she doesn't own anymore)

 

[Yuma]

Tottie's Asian Bistro, in the Shopping Center at Thomas and Hayden, just closed their doors - landlord doubled their rent from 10K to 20K a month, making the margin not worth it. Tottie decided to mostly retire, but helping out some at the other Tottie's (which she doesn't own anymore)

That's outrageous rent. Let us know if anyone else moves in that rate.

 

[dscher]

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[AZ Native]

That's outrageous rent. Let us know if anyone else moves in that rate.

It's a sign of the times, unfortunately.

 

[Yuma]

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[AZ Native]

And...

 

[dscher]

And...

And......it means soon enough there will only be a lower class and upper class in this country. The middle class is being wiped out. IMO

 

[MaoTosiFanClub]

Tottie's Asian Bistro, in the Shopping Center at Thomas and Hayden, just closed their doors - landlord doubled their rent from 10K to 20K a month, making the margin not worth it. Tottie decided to mostly retire, but helping out some at the other Tottie's (which she doesn't own anymore)

No clue how long her previous lease was in place for but likely was signed 10+ years ago. Not surprised rent has doubled as landlord’s operating costs probably doubled as well over that time.

 

[Yuma]

No clue how long her previous lease was in place for but likely was signed 10+ years ago. Not surprised rent has doubled as landlord’s operating costs probably doubled as well over that time.

It's so funny, half the office space in town is vacant, even some store fronts. But even still, lots of retail space IS doubling rent!

 

[MaoTosiFanClub]

It's so funny, half the office space in town is vacant, even some store fronts. But even still, lots of retail space IS doubling rent!

Yeah I don’t want to speculate where this whole office thing goes but it won’t be pretty. Retail for the most part is doing fine especially restaurants. The funny thing is the consensus bet five years ago was that retail was finished (Amazon) yet here we are.

 

[jf-08]

In south Chandler is crazy how many industrial parks are being built.

 

[dscher]

Not a bubble

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