Sunday, November 30, 2008

Santana Row Bank REO for Sale

The Margo building has a great opportunity for a 1 bedroom + den loft unit facing the East Foothills. 1,099 square feet, nice kitchen, very good condition. The parking at the Margo building is preferred over the DeForest building because you have direct elevator access to your floor from the garage. This unit is now bank owned and a very good value at $499,900. Now at this price, I expect over asking price offers which is very common these days on bank REOs. The banks or their listing agents now understand that sub-market pricing brings them fast sales. Call me to tour this great unit.

Thursday, November 27, 2008

Happy Thanksgiving - Time to Remember and be Grateful

After a year of wonder, a year of gut-wrenching markets, trials, tribulations and more.... please everyone take the time to reflect and be grateful for what we have. Look around. Sometimes they don't appear evident - There are people who care about you, people who support you, carry you through the hard times, sometimes even without recognition. Thank the guy who cleans your office, your mailman, the receptionist at the front desk (as nutty as Corrine may be!) - thank your parents (I wish they are still alive) your siblings, your children, friends and any other loved one, here or there, alive or passed on. All these people make up the world that YOU live in. Everyone needs a hug and a short word of acknowledgement. Time to smile on them as they have been smiling on you this whole year. So, hold hands this Thanksgiving and be happy to be here, amidst all that we have.

If you want to give back in a great way today - please click on the link for Team in Training to help in the cure for Blood Cancers: My good friend is running a triathlon to A. have a better butt and B. to support the research. Please give what you can. Thanks All!!! :-)

Wednesday, November 26, 2008

REO SEMINAR 12/11....'Unlock Hidden Wealth'

Unlock Hidden Wealth
Investing in Foreclosures, Bank Owned and Short Sale Properties
Join us for the FREE siminar and discover the "inside sercrets" of buying foreclosures.

  • Exclusive access to bank owned inventory
  • Great deals for first time home buyers and investors
  • Learn how to profit from bank owned properties
  • Positive cash flow on single family homes
  • Strategies to get your offer accepted by the bank
  • Special financing with 3.5% down payment


Thursday, Decemeber 11th

6:30 p.m. - 8:00 p.m.

10275 N. De Anza Blvd

Cupertino, Ca 95014

R.S.V.P. 408-342-8644

Tuesday, November 25, 2008

Real Estate Investment Software Seminar

Please look at this website:

Mike Genstil, the CEO of eRealinvestor will be hosting a free presentation of his very impressive real estate investment analysis software in San Francisco a week from next Monday. Real estate investors are welcome to come and demo the software. Also, included for those who attend will be a 3 month free use of the service!

Where: 410 Townsend, San Francisco
Date and Time: December 8, 2008, 7pm-8pm - time to be confirmed shortly*

And... pizza and drinks...!

Please email me at to RSVP and to get the confirmation time sent to you.

Santa Clara County Weekly Stats, Week 11/25/2008

Monday, November 24, 2008

San Jose Bay Area Apartment Marketing Meeting for Real Estate Agents

Bay Area Apartment Brokers Forum
Guest Speaker Monthly

DATE: Second Wednesday of Each Month
LOCATION: First American Exchange or Title Building
1737 N First Street
San Jose, CA
8:00am Start
Guest Speaker
Property Presentations
Have - Wants

THE PENINSULA INVESTMENT FORUM provides the opportunity to market your exclusive for sale listings to professionals in the commercial investment real estate community. Please bring 40 copies of your package for presentation.
Minimum purchase price of $750,000.

Since 1986, the Bay Area Apartment Broker Forum has met to discuss multi-family invesetments in Silicon Valley.

Thursday, November 20, 2008

Mervyn's Bankruptcy Leases for Sale

One of Mervyn's greatest assets is the leaseholds it has in prime retail locations in Arizona, California, Nevada, Utah, New Mexico and Texas. These leases have value because most of them are significantly under market and some are held for decades into the future. The fast approaching bid deadline is currently scheduled for December 5, 2008. For sale are 154 leases in the 6 states. A couple Bay Area leases are highlighted below:

375 N. Capitol, San Jose, 70,000 sqft, through 2020, rent $9.85 per year

749 E. Calaveras Blvd, Milpitas, 75,000 sqft, through 2041, rent $18.51 per year

1500 Del Monte Center, Monterey, 81,000 sqft, through 2040, rent $1.22 per year

950 W. Hamilton Ave, Campbell, 75,000 sqft, through 2019, rent $2.21 per year

350 Showers Drive, Mountain View, 64,000 sqft, through 2010, rent $2.55 per year

2675 Geary Blvd, San Francisco, 90,000 sqft, through 2047, rent $24.95 per year

880 Mowry Ave, Newark, 82,000 sqft, through 2049, rent $12.23 per year

Yes those rents are very low - take the Monterey building for example, they are paying approximately TEN CENTS per foot per month and they have control of the building for another 32 years!

If you want to make an offer on any of these. Give me a call ASAP.

Commercial Owner User Properties Now Available

It has been forever since there has been any real inventory of commercial property available for sale in the Bay Area. Now, if you are a dentist, doctor with a retail practice, retailer, or any other professional with a healthy business, you can finally acquire your own building. There are a good number of commercial single tenant and multi tenant strips for sale. These properties are even on major corridors such as Stevens Creek and El Camino! This downturn in the market is when you can make great strides against the competition and solidify your retail presence for the future.

Wednesday, November 19, 2008

Home Buyers Workshop

Reminder that on Thursday November 20th please come join us for our monthly Home Buyers Workshop. You are welcome to bring your clients who benefit from this information. If you have any questions please contact

Tuesday, November 18, 2008

Perfect Location for Restaurant, Medical or Dental Use

"PRICE REDUCED".Perfect place to start your own restaurant business or to add an additional location. This space can also be turned into a medical or dental office which doesn't require much work from the San Jose planning department. This is a very rare opportunity to own your own business for such a great deal. This Restaurant has been completely rehabbed approximately three years ago with new kitchen appliances. There is even an outdoor patio seating area which makes lots of extra space to enjoy a wonderful meal. Come check it out and don't pass up a great opportunity. List Price $850,000.

Monday, November 17, 2008

Small Income Property in Santa Clara For Sale

For Sale
Santa Clara, Ca

• 17,400
• 8 Grade Level Doors
• $2,175,000
• $125
• $14,898 Monthly Gross Income
• 100% Leased
• 2 Tenants

Please contact for more information.

Campbell BANK REO - good deal & no offers

There is a well maintained single family home in Campbell that is a very good opportunity. I showed it this weekend and as of yet, there are no offers on it. This is rare for a bank owned property. The other few homes I showed this weekend all have multiple offers being reviewed. 3 bedrooms, 2 baths, quiet street, 1100 square feet, new kitchen, nice floors, etc. Perfect rental house, perfect started home. Call me to tour right away!

Friday, November 14, 2008

Deals require urgency

I have been showing some great condos, townhouses and single family homes in the last few weeks in San Jose. The bank owned properties are out there in good numbers and mostly priced very well. This great inventory is also paired with a fleet group of buyers who know good deals when they see them. And low and behold, a day or two later, active listings become pending sale listings. The deals are out there yes. To get them though, you must act efficiently. Whomever buys a home in the San Jose area this year will be very happy in years to come. If you want some help sourcing great homes and making offers, give me a call. My track shoes are on!

Best Priced Duplex With Cupertino Schools

Best priced duplex listing in Sunnyvale, Ca. Great Cupertino schools and great location of home. Unit 1 is a 3 bedroom/2 bath approximately 1,400 sq ft. Unit 2 is a 2 bedroom/ 1 bath and approximately 832 sq ft that totals about 2234 sq ft on a lot size of 7,260 sq ft. List Price $875,000. If you have any questions or would like more information on this duplex contact

Thursday, November 13, 2008

Excellent House for Excellent Price in San Jose

This Cambrian Home is Dialed!All Remodeled and beautiful!Gorgeous kitchen w/glazed white cabinets, slab granite, newer appliances, and breakfast bar!Hardwood floors throughout!Dual Paned windows/doors!Cozy Fireplace!Recessed Lighting!Crown Molding and newer baseboards,trim moldings,and interior doors! Large front yard with white picket fence. Entertaining deck and large lawn in rear yard.Pottery Barn Colors!Extra Office in Garage! List Price $599,000

Santa Clara County Market Trends

Please click diagram to view a larger picture.

Home Buyers Workshop

Wednesday, November 12, 2008

Walgreens Exclusive NNN Investment Opportunity

565 East Centennial Parkway, Las Vegas

Investment Highlights
  • Absolute Triple-Net (NNN) Lease with Corporate Guarantee
  • 75 Year Lease Term
  • 2008 Construction
  • Building Size: 14,820 sq ft
  • Standard and Poor's A+ Rated Company
  • Located on a "Hard Corner" within strong retail corridor in North Las Vegas
  • Directly South of New Kohl's anchored shopping center
  • Projected population increase of 37.89% within a mile radius

Please contact me for more information and if you have any questions.

CCIM Silicon Valley District Meeting

CCIM Silicon Valley District Meeting
Wednesday, November 19
Bay Area Development: Trends, Challenges, Future Vision

Jeff Birdwell – Sares Regis; President Commercial Division. The Sares Regis Group is one of the largest most diversified real estate companies in the Western United States. They develop, acquire, build andmanage a variety of commercial properties. Jeff will speak about leasing and development trends, construction costs, challenges encountered in the development process, working with different cities (why some are easier to work with than others), etc. He will also address the financing environment for new projects and his vision for the future of Bay Area projects.
Mr. Birdwell joined Sares Regis in 1987 and manages the Northern California Commercial Division, overseeing office, R&D, industrial and retail developments and commercial acquisitions. The Commercial Division is currently developing approximately 80 acres of land in the Bay Area. These projects include over 750,000 square feet of office, 600,000 square feet of industrial, 60,000 square feet of retail and 650 units of senior housing. This team has also acquired over 1 million square feet of office and industrial properties since August of 2007. During his 20+ year tenure at Sares Regis, Mr. Birdwell has managed over $2 billion of projects to successful completion (over 4 million square feet). He began his 30-year career in real estate by working in the construction industry on large commercial projects with C.L. Peck Contractor in Los Angeles. Mr. Birdwell received his Bachelor of Science Degree in Civil Engineering and a Masters Degree in the Construction Engineering and Management Program from Stanford University. He also holds a Bachelor of Arts Degree in Economics from Claremont Men’s College. Mr. Birdwell is a Consulting Faculty member at Stanford University’s Department of Civil Engineering, Construction Engineeringand Management, where he teaches a graduate-level course in Real Estate Development.
Nanci Klein – San Jose Economic Development Department. She will be speaking about the future growth of San Jose, including “Envision 2040” which is the general plan update currently underway. She will also discuss exciting developments going on in downtown and North San Jose.

WHEN: Wednesday, Nov. 19th
8:30 am—10:30am
WHERE: UCSC Extension-Sunnyvale
1180 Bordeaux Drive, Sunnyvale
To Register, email George Pires at or
No Cost Meeting

Monday, November 10, 2008

Weekly Stats for Cupertino, Sunnyvale and Santa Clara

Above you will see the weekly stats for Cupertino, Sunnyvale and Santa Clara. Please click on the spreadsheet to view a larger picture.

Thursday, November 6, 2008

Bank REO condo - cheap price, great condition

Very nice 2 bedroom, 1 bath condo I saw yesterday in South San Jose. Bank owned and very well priced at $157,500. Compared to many bank owned properties, this one is clean and well-kept. There are even some upgrades including tile floors in the kitchen and bathroom and wood flooring in the living room. Upstairs unit with a private balcony. Located at Monterey and Capitol Expressway. Great first time home buyer home or perfect for a rental. This just came on the market and is priced to move. Let me show you it today.

Wednesday, November 5, 2008

What A Great Investment..

Excellent bank owned four plex listing in a very solid rental area of San Jose. The complex has a great unit mix all consisting of 2 bedrooms/1 bath units. Each unit is approximately 832 sq ft, on a lot size of 6234 sq ft. This property needs some TLC but has great potential to become the perfect living space. Make a great investment now. List Price $775,000.

Tuesday, November 4, 2008

Santa Clara County Weekly Stats

Please click on the above spreadsheets to view larger picture. This currently shows the weekly stats in Santa Clara County.

Bay Area Apartment Brokers Forum

Guest Speaker: Ken Orvick-Principal,Orvick MangementGroup
Topic: Apartment Management Issues2008
Date: Wednesday, November 12, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose
Breakfast: Continental Breakfast - no charge - First American Title/Exchange
Chairman: Richard Domich - CB Richard Ellis
Vice Chairman: Keith Suddjian - Cornish & Carey
Membership: Kari Noomen - Washington Mutual
Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco- First American Title
Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect
the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.
Adjournment: 9:30 AM
Dec. 10, 2008 Robert Meyer - Tenant-In-Common Update - Proposed NAR Exemption
Jan. 14, 2009 Kari Nooman - Financing Multi-Housing Properties 2009
Feb. 11, 2009 Ric Russell - The Future of Multi-Housing Brokerage 2009