Hey everyone, welcome back to my blog!
Last week, I started on my final project, and this week has more or less been a continuation of that. I finalized a neighborhood description, which actually took me several hours. Neighborhood descriptions are more or less a one-stop shop for everything about a surrounding area: market conditions, nearby developments (residential and retail in this case), municipal plans for expansion, and other things that may or may not be important. For example, in the case of the retail center that I'm working on, I had to mention housing developments within a five mile radius, population demographics (as in, how many people live in the area and how much they make in a year), Queen Creek's Economic Development Strategic Plan, and the impact of having the ASU polytechnic campus and the Phoenix-Mesa Gateway airport nearby. Surprisingly (or I guess as is normal by now) there seem to be lots of factors in determining the value of a property, including its surroundings.
Other than that, I finished creating maps and aerials, which is not as exciting as it sounds. I don't get to fly a drone over the subject property (although I will definitely be suggesting that to Churchill), but I instead have to look at the Maricopa County Assessor's Website and get my aerials from there. I think it's ironic that I've visited that website hundreds of times by now but I still don't know his name.
This deal seems like it will also be put off for a later date, as we do not have access to sales numbers for Staples and Petco, the other two major retailers in the shopping center, and therefore, we do not know if they have an incentive to renew their loans after they expire in a year and a half or so, regardless of whether or not Walmart chooses to stay. However, I will most likely continue to do the market research for this deal, as Churchill is doing another refinance for a different shopping center in Queen Creek, and the information I gather will be useful anyway.
I've been on a Dutch Bros cleanse for a couple weeks now and it's not going well, to say the least. I don't drink coffee daily anymore, which has led to me being overall more sleepy and a little cranky, if I'm being honest. I would not recommend going about this the way I am. Note to self (and to all of my wonderful readers): coffee is not something that you should drink a lot of and then none at all. See you next week!
Last week, I started on my final project, and this week has more or less been a continuation of that. I finalized a neighborhood description, which actually took me several hours. Neighborhood descriptions are more or less a one-stop shop for everything about a surrounding area: market conditions, nearby developments (residential and retail in this case), municipal plans for expansion, and other things that may or may not be important. For example, in the case of the retail center that I'm working on, I had to mention housing developments within a five mile radius, population demographics (as in, how many people live in the area and how much they make in a year), Queen Creek's Economic Development Strategic Plan, and the impact of having the ASU polytechnic campus and the Phoenix-Mesa Gateway airport nearby. Surprisingly (or I guess as is normal by now) there seem to be lots of factors in determining the value of a property, including its surroundings.
Other than that, I finished creating maps and aerials, which is not as exciting as it sounds. I don't get to fly a drone over the subject property (although I will definitely be suggesting that to Churchill), but I instead have to look at the Maricopa County Assessor's Website and get my aerials from there. I think it's ironic that I've visited that website hundreds of times by now but I still don't know his name.
This deal seems like it will also be put off for a later date, as we do not have access to sales numbers for Staples and Petco, the other two major retailers in the shopping center, and therefore, we do not know if they have an incentive to renew their loans after they expire in a year and a half or so, regardless of whether or not Walmart chooses to stay. However, I will most likely continue to do the market research for this deal, as Churchill is doing another refinance for a different shopping center in Queen Creek, and the information I gather will be useful anyway.
I've been on a Dutch Bros cleanse for a couple weeks now and it's not going well, to say the least. I don't drink coffee daily anymore, which has led to me being overall more sleepy and a little cranky, if I'm being honest. I would not recommend going about this the way I am. Note to self (and to all of my wonderful readers): coffee is not something that you should drink a lot of and then none at all. See you next week!
