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apartment investment: California is Where People Want to Live – Good News for Apartments and Retail - 10/21/09 11:02 AM
Where would you like to live and work? Survey says...
The Golden State of California California Ranks as the #1 Place to Live
Outsiders still consider California the place to live. This is good news for the outlook of the California economy – no less for apartment owners and retail establishments. California is still considered the Golden State according to a new Harris Poll recently conducted. California ranked #1 for the sixth year in row, while Florida and Hawaii ranked #2 and #3, respectively.
Echo Boomers – The Prime Renter Category Favors California
For apartment owners and investors the … (0 comments)
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apartment investment: Increase in Water Costs are Causing Apartment Investors in Southern California to Be Water Prudent - 08/28/09 08:41 PM
Over the last few months apartment owners and home owners are seeing dramatic increase in their water bills. Water districts have sent out forewarnings, but reality is never good for the bottom line. From San Diego to Orange County and on to Los Angeles, and even east to the Inland Empire (Riverside and San Bernardino) property owners are being advised to conserve.
Most commercial property owners are required to water their landscaping during off-peak hours and days, so water usage doesn’t spike during any one day. The heat is on, as least these last few weeks. What does this mean? … (0 comments)
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apartment investment: Mass Transit and Real Estate Investment -- retail, apartment, condo, and senior housing. Innovation in the last 1/4 mile for mass transit is critical. - 08/16/09 05:33 PM
As I read the article in today’s Orange County Register, “New Boss rides the rails to OCTA” I wondered, “Same old status quo or new direction with innovation?” The article welcomes Will Kempton, the new chief of the OCTA. Tough job ahead and he needs the support of the business and residential community alike. One-half of the article was devoted to his pay, which is not a good way to welcome him. Why not discuss more about his past credentials, success, and what he accomplished with his former position as head of Caltrans?
I hope to see some bold statements and … (0 comments)
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apartment investment: Delinquency Rates on Commercial Mortgages Increase -- Apartments Lead the Pack - 07/16/09 03:28 AM
In the U.S. market, commercial real estate is being hit hard. According to the Mortgage Bankers Association, there is approximately $3.1 trillion in commercial debt outstanding and delinquency rates among these properties are escalating at alarming rates. The securitized market represents about $724 billion and there is concern that the increasing unemployment rate will hurt more property owners and thus cause more defaulting mortgages. Delinquent loans, considered 60 or more days in arrears, have substantially increased in two years. The delinquency rate now stands at 2.67% for the entire commercial sector. A year ago the rate stood at .46%, a startling … (2 comments)
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apartment investment: Affordable Housing in Orange County -- Apartments, Student Apartments, Senior Housing - 07/14/09 09:56 AM
Southern California Association of Governments (SCAG) continues to put undue pressure by way of decree on cities to build affortable housing. Irvine is fighting back. SCAG is requiring 35,000 affordable housing units by 2014 in this city alone. A total of 82,000 affordable housing units (often apartments, senior housing, and student housing) are required by SCAG by this deadline for Orange County. Anaheim is required to build 9,498, Santa Ana 3,393 and Huntington Beach is mandated to provide 2,092 to its housing stock. Similiar decrees are being required of cities in the counties of Riverside County, San Bernardino, Los Angeles, and … (0 comments)
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