Waste Management PHOENIX OPEN APP. Event parking, course map, schedule, tickets, 16th hole. Featured by ArizonaROI at SVN | SFRhub Advisors

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Waste Management Phoenix Open 2014 FREE PHONE APP.

Featuring 2014 event, directions, parking, 16th hole information, tickets, schedules, TPC course site map, Scottsdale, Az.

The Waste Management Phoenix Open 2014.

Longevity has often been called the hallmark of success.  The silver pendant of The Thunderbirds is emblematic of continuous civic pride and unrivaled success in the promotion of the Phoenix area. The Thunderbirds and the Waste Management Phoenix Open are currently celebrating their 79th Anniversary. Through the years, these extraordinary citizens have provided so much for so many.

The spirit created has provided a lasting legacy for us all. Synonymous with The Thunderbirds is the Waste Management Phoenix Open, possibly the finest sporting event in Arizona. Every January, the Waste Management Phoenix Open attracts the largest sporting event crowds in the world and is recognized as one of the finest golf events on the PGA TOUR. At the 2008 FBR Open (now the Waste Management Phoenix Open), more than 538,000 fans made their way to the beautiful TPC Scottsdale. In recent years, PGA TOUR players voted the Waste Management Phoenix Open (formerly the FBR Open) as their favorite stop of the PGA TOUR…read more.

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Download our FREE Phoenix Open Event / Allergy Smartphone & Tablet APP, click here.

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Click on the buttons below for the  2014 Waste Management Phoenix Open event information…

(If you are redirected out of out our APP, just simply exit your browser and go back to click on our APP icon to view other pages!)

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(ArizonaROI at SVN | SFRhub is not licensed by or an official sponsor of the PGA, TPC Scottsdale or the Waste Management Phoenix Open.  

This event information and APP is provided as a convenience to it’s user and is not to be used as a commercial product.)

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How many ALL CASH real estate deals occur? Featured by ArizonaROI at SVN | SFRhub Advisors

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Phoenix area apartment purchases. Featured by ArizonaROI.

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Private-equity firm Blackstone Group LP (BX) is making one of the biggest bets on rental apartments since the financial crisis.BlackstoneLogo08.13

The New York firm has agreed to buy majority stakes in 80 apartment complexes from the financing arm of General Electric Co. (GE) in a deal that values the portfolio at $2.7 billion, according to people familiar with the agreement. The apartment buildings, with roughly 30,000 units, are in Dallas, Atlanta and other parts of Texas and the Southeast.

It isn’t clear how much equity Blackstone is putting up for the transaction, but it is expected to be close to $1 billion, these people said. A spokesman for Blackstone and a spokeswoman for GE declined to comment.

With the investment, Blackstone is wading into a debate in the real-estate-investment world over the future of the rental market. Apartment buildings have been the hottest real-estate sector since the downturn because of strong demand from people unable or unwilling to buy homes. Rents and occupancy rates have been rising while the prices investors have been paying for apartment complexes have moved into record territory.

But in recent months, some analysts and investors have begun to worry that the party is coming to an end. They have warned that the recovery of the single-family-home market will erode demand for apartments and that competition is increasing from new supply being developed in many parts of the country. “I would expect multifamily rent growth to begin decelerating because of the new construction,” said Tad Philipp, director of Moody’s Investors Service’s commercial-real-estate research.BlackstoneBuilding08.13

Some big-name investors believe that the outlook remains bright. Earlier this year, AvalonBay Communities and Sam Zell‘s Equity Residential paid $6.5 billion in cash and stock to Lehman Brothers Holdings Inc. for Archstone Inc. That deal, which valued Archstone at $16 billion, including debt, was closely watched partly because auditors cited Lehman’s investment in Archstone as a big contributor to that firm’s bankruptcy filing in 2008.

The apartment sector is being boosted in part because most of the recent job growth has benefited people 34 years old and younger, according to Richard Campo, chief executive of Camden Property Trust, a Houston-based real-estate investment trust that owns and operates apartment buildings. “Those are our customers,” he said.

Investors who purchased apartment buildings early in the downturn have enjoyed sharp increases in value. Moody’s apartment index, BlackstoneGraph08.13which tracks the national average price of multifamily rental buildings, is up 59% from its 2009 lows, compared with a 35% gain for its National All Property Index.

The rise in values has been propelled by rent increases of 2.3% in 2010, 2.4% in 2011 and 3.8% in 2012, according to Reis Inc., a property-research firm. Vacancy rates, which hit a 30-year high at 8% in 2009, are now at 4.3%, a 12-year low.

In Houston, for example, average apartment rents increased to $799 a month in the second quarter, up 4.4% from the second quarter of 2012. In Seattle, rents were up 6.2% in the same time frame to $1,096.

The big question now hanging over the market is whether or not these trends will continue to push values higher.

In the past year, investors in real estate investment trusts have been getting increasingly wary. The compounded return for the apartment sector declined 3.23% in the past 12 months, compared with an 8.76% increase for all equity REITs, according to the National Association of Real Estate Investment Trusts.

But others point to a number of market forces that could keep renters in place longer than they otherwise stay during an economic recovery. Despite low mortgage rates, many would-be homeowners are finding that they can’t qualify for a mortgage because lending standards remain tight or because they don’t have enough regular employment to qualify for a loan. Others have dings on their credit or have struggled to save for a down payment.

At the same time, the supply of homes for sale remains constrained, putting a crimp on sales. While home prices have been rising, they still are down sharply from their 2006 peak in many parts of the country and many owners have been unwilling to sell at these levels.

Investors bullish on the rental apartment sector also note that lending is plentiful thanks to Fannie Mae and Freddie Mac, which have BlackstonePhxBuilding08.13been providing financing to owners of apartment buildings. Buyers of other kinds of commercial real estate have had a more difficult time getting loans for their deals.

Mr. Campo said that while construction of apartment building is picking up, it slowed considerably during the downturn when new supply fell from an average of 250,000 units a year to 75,000 units a year in 2009 and 2010. Builders are only now starting to address that imbalance, says.

“It will take at least three or four years to fill that deficit,” Mr. Campo said. “Everything today is being built to meet new demand.”

Blackstone’s apartment purchase from General Electric is its largest U.S. real estate investment in two years, as it continues to buy from a record $13.3 billion global real-estate fund it recently raised.

In the past couple of weeks, Blackstone has gotten attention for its plans to sell high-profile property and hotel companies. The New York firm recently tapped four banks to prepare Hilton Worldwide Inc. for what could be a multibillion-dollar public offering, and it has taken steps to sell or take public two other hotel companies and a retail-property company.

But in the property market, Blackstone’s latest major acquisition shows that one of the biggest private-equity firms isn’t making a one-directional bet.

Blackstone has come relatively late to the rental apartment sector but it has been betting on the housing market in other ways. The firm has invested more than $5.5 billion to buy more than 30,000 single-family homes in about one dozen major U.S. markets. The strategy is to rent those homes out for now and sell them as home prices rise.

For GE, the sale is part of an effort to sell down its real estate portfolio. GE boosted its equity investments in commercial property in theLogoGEcapitalW years before the financial crisis, but its portfolio suffered during the downturn. The company has since taken steps to sell down its real estate holdings, which may have made it made it a motivated seller of the large portfolio.

It’s unclear if Blackstone plans to renovate these buildings, or how it intends to get the high-teen to 20% returns it usually seeks. Initial yields on apartment buildings nationwide are around 6%, and lower in popular markets, according to Real Capital Analytics Inc., a real estate data firm.

It’s also not clear how much equity Blackstone is putting into the transaction, but the firm typically relies on debt for about two-thirds the value of properties or portfolios it acquires. By that measure, Blackstone would be investing roughly $900 million in the GE transaction.
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Return on Investment.

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ROI = Return on Investment

A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio.

The return on investment (ROI) formula:

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In the above formula “gains from investment”, refers to the proceeds obtained from selling the investment of interest. Return on investment is a very popular metric because of its versatility and simplicity. That is, if an investment does not have a positive ROI, or if there are other opportunities with a higher ROI, then the investment should be not be undertaken.

Keep in mind that the calculation for return on investment and, therefore the definition, can be modified to suit the situation -it all depends on what you include as returns and costs. The definition of the term in the broadest sense just attempts to measure the profitability of an investment and, as such, there is no one “right” calculation.

For example, a marketer may compare two different products by dividing the gross profit that each product has generated by its respective marketing expenses. A financial analyst, however, may compare the same two products using an entirely different ROI calculation, perhaps by dividing the net income of an investment by the total value of all resources that have been employed to make and sell the product.

This flexibility has a downside, as ROI calculations can be easily manipulated to suit the user’s purposes, and the result can be expressed in many different ways. When using this metric, make sure you understand what inputs are being used.

There’s so much more to understand about the ROI.

Calculate your ROI with this ONLINE calculator…

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For more information, read FYI on ROI: A Guide to Calculating Return on Investment.

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Business Sales.

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Business and Intellectual Property Sales. 

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Numbers Economic Index Shows Phoenix Up +10.

Previously posted by Bizjournals.com

Phoenix moved up 10 spots since last month to No. 25 in July’s On Numbers Economic Index, another sign of its improving economy.

The On Numbers Economic Index measures the relative vitality of 102 major metropolitan areas with populations of more than 500,000. The index is generated by an 18-part formula that assesses private-sector employment growth, unemployment, earnings, home values, and construction and retail activity.

A large part of Phoenix’s improvement can be attributed to growth in the housing market. Home values grew 15.3 percent in the past year, the best growth rate in the nation, according to the index.

Phoenix also saw five-earnings growth of 13.47 percent, ranking it No. 22 in the nation.BiltmoreShopping

While the number of private-sector jobs in Phoenix has expanded by 3 percent in the past year, it still has fewer jobs today than it did in 2008. The unemployment rate remained at 6.2 percent from June to July.

Provo, Utah, which had occupied second place the previous four months, was No. 1 in July’s index, which means it has the strongest local economy of any major U.S. market.

Dallas-Fort Worth slips into second place this month, while Austin drops to third. Austin had been the top-rated market every month from February through June.

Rounding out July’s top five are Oklahoma City and Houston.

LogoBizJournalWAdditional Resources:

View the complete ‘On Numbers Economic Index’, July 2013, click here.

View database with selected statistics for top markets, click here.

View the Click here to see the national leaders in the
previous 11 months, click here.

See the complete article at BizJournal.com, click here.

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Multi-Family and Condo. Phoenix Metro Area (AZ).

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Multi-Family and Condo. Phoenix Metro Area (AZ).

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