California

I know I’ve been posting more residential real estate news over the last week or so than I have commercial.  Commercial real estate pretty much shuts down this time of the year unless you [...]

CoStar News reports that starts of multiunit residential construction were up 32.2% from October 2011 to 230,000, which is the highest since September 2008.  True, the number of new apartment [...]

For the first time since 2008, overall commercial real estate prices are on the increase.  CoStar’s monthly National Composite Index of Commercial Real Estate increased 2.2% and that’s the first [...]

International Council of Shopping Centers (ICSC) met in New York City on December 5 and 6.  A Panel of eight national retailers agree that “urban retail is not the last frontier, but an evolving [...]

Seeking additional long lease, investment grade, single-tenant, triple net leased, opportunities nationwide. Please contact me, Scott Harris at 310-473-4789 or 614-905-6614.

I get quite a few calls/emails asking for exactly the same property type backed by the same type of lease. The commercial real estate flavor du jour is retail, single-tenant, single parcel with [...]

And again, there’s not much in the way of good news to report regarding home sales in Southern California for October  2011.  DQ News reported that 16,829 new and resale homes sold last month, [...]

How about an aspirational post to help start the next week?   No, no this is not my listing, unfortunately.  I would have loved to be the photographer though.   [...]

I’ve been discussing single tenant, net leased opportunities over many of  last few posts because I’ve been searching for several 1031 uplegs.  Every one of the buyers have been looking for [...]

The Great Recession has produced an increase of 1.4 million new renters this year, which is a 4% rise in the last year according to Mark Heschmeyer at CoStar News.  And again, since construction [...]

It’s actually not all that surprising given that construction financing has all but shut down once again that any pickup of leasing activity means a net positive absorption given that there’s [...]

Once again, there’s not much in the way of good news to report regarding home sales in Southern California for September 2011.  DQ News reported that 18,149 new and resale homes sold last month, [...]

There’s plenty of money out there, but with a huge aversion to risk.  Question is where to put it.  You can’t make anything on money market, bond yields are way down, Europe is still in meltdown, [...]

Well, regarding the commercial real estate side of this business: we were clipping along pretty well and then month after month of anemic job growth numbers, downward revisions to GDP for the [...]

Investors showed a sharpened appetite for commercial property, pushing prices up in the second quarter.  I realize that the second quarter, the end of June, sounds so long ago given what’s [...]

In Southern California 38,975 new and resale homes sold last month.  That’s up 9.7% from May 2011 and down 11.4% from June 2010, which was the last month of the Home Buyers’ Tax Credit.  Median [...]

LaSalle Investment Management is forecasting $2 billion of property investment in 2011 primarily in major markets such as Southern and Northern California, Chicago and Washington, DC. They also [...]

Massive new 1 million square feet mixed use project announced for Hollywood, California at Hollywood and Vine.  Project valued at $1 billion includes two towers with the tallest at 48 stories [...]

The free market performs its magic as values increase and cap rates fall in the hot coastal markets so buyers’ interest is moving inland to markets with job growth and population growth.  We’re [...]

Employment growth and rising demand coupled with an empty pipeline of new product coming online means rent growth by the end of 2011.  Construction financing is becoming available, but lender [...]