Friday, March 25, 2011

Rants About False Recovery in Commercial Real Estate News

Bass Ackwards reliance on "apartment market leads commercial real estate recovery" - apartment values are high-this is true - but because people have been foreclosed on due to loss of jobs, loose financing standards and very low consumer confidence. More tenants in the market does not a recovery make - commercial real estate in almost every other segment is hurting and not recovering - retail tenants are not taking space, office users are not taking space, hotels are very soft - these segments do not tie in with the robust apartment market. And the apartment market is only hot in core areas - not in the vast open spaces where new home developers over built homes and now a 5 year old single family home rents for near what a class A apartment building does in the same area.
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.

Thursday, March 24, 2011

Commercial Condos Available for Sale San Jose

8 commercial condo units available for sale in San Jose for industrial users. Spaces available are 6,400 square feet - 12,800 square feet. Each unit has 200 aps @ 480 volt power. 24' clear height. Zoned heavy industrial. Built in 1979 and significantly remodeled in 2008. Offered at $69 per foot.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley.  Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.

Wednesday, March 16, 2011

Los Angeles California Commercial Investment Property for Sale

Top 3 deals from the west LA commercial meeting today:
1. 15 bulk condos new construction, fully rented, North Hollywood, great hold then sell in 2-3 years for big upside - $6,500,000.
2. 32 unit apartment in west LA near Culver City, built 1986, no rent control, great value add deal - needs updating - rents $200+ under market per unit - $7.4M
3. Development site approved for 52 apartments + 3,600 retail space, Van Nuys, 26,885 sqft lot, $2,350,000.
 And check out our new Los Angeles Bank Owned Commercial Property for Sale site:  
 and our investment site in LA:
Call me for detailed information on these and other investment or development deals.

Sunday, March 13, 2011

Silver Creek Valley Country Club Short Sale Home for Sale

There is a wonderful home for sale in Silver Creek Valley Country Club as a short sale. Address is 5233 Pisa Court, San Jose, CA 95138. Offered at a very attractive $1,099,000. 3,480+ square feet on a 9,100 square foot view lot with great valley views from the master bedroom.
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.

Thursday, March 3, 2011

Silver Creek Valley Country Club Short Sale Home for Sale

There is a gorgeous Silver Creek Valley Country Club home for sale as a short sale. It is currently not on the market. Approximately 3,500 square feet, 10,000 square foot lot, 5 bedrooms + den, 3.5 baths, 2 story, upgraded kitchen, paint, flooring, very nice hard-scaped backyard with huge gazebo + outdoor fireplace. Seller is asking $1,100,000 which will require a short sale approval by Bank of America. Please call me for details and a private showing. This is your best opportunity in the Silver Creek Valley Country Club for a very well priced home for sale.