Real estate breakdowns and breakthroughs
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"Commentary: Turn the table on failures, setbacks
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Move rolls out Top Producer iPhone app
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"Mobile service available for $9.95 a month
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Mortgage rates bottom out
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"Fixed-rate loans remain at or near record lows
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A roadworthy real estate website
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"Take a test drive on the mobile social Web
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Real estate agent: Will work for food
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"Realtor Notebook
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Title company offers smart phone apps
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"AgentFirst now available for iPhone, Android, BlackBerry
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Near-record affordability in real estate
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"California metros among least affordable areas in U.S.
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Purchase-loan demand picking up
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"Applications at highest level since May
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Feds award $1B to buy up REOs
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"4 'sand states' get $446M for acquisition, redevelopment, demolition
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Dive into the link stream
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"Flipboard delivers content from links in Facebook, Twitter posts
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California, FHA offer 4% loans
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"CalHFA loans target first-time homebuyers who meet income limits
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3 ripe real estate opportunities
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"Tips to capitalize on low rates, bargain-hunters, foreign buyers
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47% of home sellers slash list prices
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"Average seller reduces price twice
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Most bankers don't see credit easing
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"Survey shows less pessimism about mortgages
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Homebuyer tax credit off the radar
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"GAO puts bill for program at $22 billion through 2019
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CoStar's People of Note (Aug. 29-Sept. 4)
From: www.costar.com
"This week's People of Note includes the following markets: Atlanta, Inland Empire, Los Angeles, Milwaukee/Madison, New York City, Orange County and Washington, DC.
ATLANTA
Green Bldg. Expert Joins Grubb's Office Group
Grubb & Ellis Co. appointed..."
Vernon Industrial Bldg. Sells for $3.3 Million
From: www.costar.com
"Yi Pao International Inc. purchased the 30,963-square-foot industrial building at 3015 Leonis Blvd. in Vernon, CA, from Irish Green LLC for $3.3 million, or nearly $107 per square foot.
The property was completed in 1955 and is on a two-acre site...."
Rancho Dominguez Industrial Trades for $2.8M
From: www.costar.com
"Camowill Investments LLC purchased the 29,674-square-foot industrial property at 17523 S. Susana Road in Rancho Dominguez, CA, from Mountain View Diaries Inc. for $2.82 million, or nearly $95 per square foot.
The building was completed in 1975 and..."
On Assignment Moves to Lost Hills Business Center
From: www.costar.com
"On Assignment Inc. executed a lease for 37,172 square feet of office space at 26745 Malibu Hills Road in the City of Calabasas, CA. The term is for 10-plus years.
The staffing company will be the only tenant in the two-story building, which includes..."
Girl Scouts Sell Santa Monica Bldg. for $237 PSF
From: www.costar.com
"Girl Scouts of Greater Los Angeles sold a 15,052-square-foot office building in Santa Monica, CA, to Horizon Construction for $3.57 million, or about $237 per square foot.
The property at 2525 Ocean Park Blvd. was built in 1963 and is on a 0.4109..."
Google Searches for Tax Credits in Affordable Housing
From: www.costar.com
"Google, the popular search engine firm, is getting into the affordable rental housing business.
U.S. Bancorp Community Development Corp. arranged and will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google.
The fund will..."
Xenon Purchases 24-Unit Multifamily for $6.4M
From: www.costar.com
"Xenon Investment Corp. acquired the apartment complex at 1371 S. Beverly Glen Blvd. in Los Angeles, CA, from JBR Development Co. for $6.35 million or $264,583 per unit.
The 24-unit, 33,714-square-foot complex was constructed in 1961 and has been kept..."
August Commercial Repeat Sales Analysis Now Available
From: www.costar.com
"CoStar released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) last week. Click on the link under "Latest Press Release" for the full analysis.
CoStar developed the CoStar Commercial Repeat-Sale Indices to provide..."
Line 6 Renews, Expands at Calabasas Tech Center
From: www.costar.com
"Line 6 Inc. signed a renewal of 45,143-square-feet for six years with Hines at the Calabasas Tech Center in Calabasas, CA. The locally based guitar manufacturer also leased an additional 12,032-square-feet for 6 years to expand into occupy the entire..."
Lease Up/Lease Down (Sept. 5-11): Whirlpool & Deloitte Expand, Monsanto Downsizes
From: www.costar.com
"CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate.
In this week's issue..."
Colliers Taps Pinsel as Managing Dir. of Inland Empire
From: www.costar.com
"Colliers International promoted two senior executives in its Ontario and Encino offices.
David Pinsel was named managing director of the Inland Empire. He will oversee the sales team in Inland Empire and continue as managing director of investments..."
Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures
From: www.costar.com
"Don't blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers.
While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in..."
Long Beach Senior Living Facility Sells for $8M
From: www.costar.com
"Sunny Hills Palladium LLC purchased the senior living facility at 3360 Magnolia Ave. in Long Beach, CA, from Richard J. Scotti Trust for $8 million, or about $43,011 per unit. The buyer paid cash for the property.
The senior living facility has 186..."
Pool Water Products Buys Van Nuys Industrial
From: www.costar.com
"Pool Water Products acquired an industrial building at 8151 Orion Ave. in Van Nuys, CA, from Heller Trust for $3.3 million, or about $165 per square foot.
The property consists of a 20,000-square-foot building on 0.9 acres completed in 1975. Pool..."
Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize
From: www.costar.com
"CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions..."
In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4
From: www.costar.com
"In this week's Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion..."
Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials
From: www.costar.com
"CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease..."
CoStar's Deals of Note (Aug. 29 - Sept. 4)
From: www.costar.com
"NEW YORK
Boston Properties to Acquire 510 Madison
By Andrew Deichler
Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe.
The REIT has agreed to a purchase price equal to..."
CoStar's People of Note (Aug. 22-28)
From: www.costar.com
"This week's People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC.
ATLANTA
Brown Joins Cortland as Chief Acquisitions Officer
Cortland Partners recruited..."
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Consulting services that review businesses to find hidden opportunities to
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Foreign investor tax services.
Individualized accounting system setup for new businesses.
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Preparation of business and individual tax returns and financial
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