realtors: Multifamily -State of the Industry
- 06/21/09 12:47 PM
Recently, at the Pacific Coast Builders Conference (PCBC), multifamily finance and operation fundamentals were discussed in depth. Chris Wood reported details in the Multifamily Executive on 6-16-09. In the opening session of the 2009 MultifamilyTrends Conference held in conjunction with the PCBC in San Francisco, Hessam Nadji, Managing Director of research services for Encino, CA-based Marcus and Millichap, illustrated an image from the Friday the 13th films. In other words, it’s scary. “Capital markets are definitely still scary and characterized best by illiquidity,” agreed Matthew Anderson who is a partner with Oakland, CA-based Foresight Analytics. “We definitely expect trouble ahead,” Anderson … (0 comments)
realtors: A $60 Million Garage?
- 06/21/09 12:01 PM
While reading over an April issue of the San Francisco Business Times, an article by J.K. Dineen and Blanca Torres caught my eye. The largest commercial real estate deal had just been executed by Menlo Park-based Garlock & Co. A shopping center, industrial park, you say? No, actually, a garage. This parking garage at 225 12th St. in San Francisco’s Civic Center area “has 875 spaces and is the largest private garage in the city”, says William Garlock. “This garage would cost $60 million to replace.” He bought it at a cool $14 million. Garlock plans to convert it to a … (0 comments)
realtors: Virtual Realtors
- 06/11/09 08:35 AM
In reading Stewart Penn's recent blog in Activerain.com on virtual real estate offices, I have to agree he makes a good point. Penn, a Los Angeles Condo Specialist, after years of being with nationally-branded real estate offices, weighed the advantages. Realizing that not only was his time was much better spent in Open Houses getting to know other real estate agents, but also that he really wasn’t getting many leads, nor were his clients getting extra benefits from the traditional real estate office. With that, he struck out on his own and has not looked back. Websites such as Activerain.com provide … (0 comments)
Recently, at the Pacific Coast Builders Conference (PCBC), multifamily finance and operation fundamentals were discussed in depth. Chris Wood reported details in the Multifamily Executive on 6-16-09.;)
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