Daily finance had an interesting interview with Jeff Speck, author of Walkable City: How Downtown Can Save America, One Step at a Time. Jeff Speck is an architect and city planner in Washington DC and served on the Mayor’s Institute on City Design. He also served on the Sustainability Task Force of the Department of…
Median price hits 56 month high, up 23.4 percent from March of last year. Much of that increase however, can be attributed to a big change in product mix as sales in higher priced neighborhoods have shot up and a sharp drop in lower end deals. A total of 20,581 new and resale houses sold…
DQ News reports that a total of 15,945 new and resale homes sold in February 2013. That was down .7 percent from the 16,058 in January, but up 1 percent from the 15,780 sold in February 2012. It’s typica for January and February’s sales to be about the same. Median price was down .3 percent…
DQ News reported solid gains for the first month of 2013 with 16,058 new and resale homes sold in January. This number is down 20.8 percent from December 2012, but up 10.6 percent from a year ago, January 2012. It’s the highest home sales for a January in six years. The median price at $321,000…
CoStar News reports that new apartment construction at four or five times the national average for other types of commercial construction in certain markets will cause vacancies to increase. “Apartment construction has been on a tear in certain markets,” CoStar says. “With the inventory growing at more than four or five times the national rate,…
A total of 20,274 new and resale houses and condos sold in December 2012, which is up 5.1 percent from the 19,285 in November 2012 and up 5.3 percent from the 19,247 sold in December 2011. Sales were still 17.2 percent below the December average of 24,488 so there’s still room to grow. Median price…
According to Data Quick, 19,285 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in November 2012. Sales were down 8.5 percent from November, but up 14.2 percent from November 2011. A decline from October to November is normal and expected. The November average has…
CoStar’s CCRSI index show strong pricing gains across all commercial real estate segments for September 2012. Third quarter commercial real estate transactions closed with with strong pricing gains. CoStar’s two broadest indexes that measure aggregate pricing movement for commercial real estate properties, the CCRSI’s U.S. Value-Weighted Composite Index and the U.S. Equal-Weighted Composite Index, posted…
What I have been experiencing over the last two or three quarters in regards to triple net or absolute net, single tenant retail seems to be reality according many in the industry, including Mark Heschmeyer of CoStar News. Where are all of the net leased retail opportunities? There’s been strong activity over the last 18…
According to DQ News, home sales in Loa Angeles and Southern California rang in at 17,859, which is a 20.4 percent drop from the 22,438 sales in August 2012 and down 1.6 percent from 18,149 in September 2011. Although it’s normal for a sales drop from August to September, the steep drop this year is…
Single tenant, net leased retail has continued to gain strength as an asset class. With an economy barely growing, one could wonder why is triple net and absolute net retail as strong as it is? Given what else is available as a safe investment, it’s no wonder net leased retail is doing well. Ten year government…
Retail Traffic Magazine projects that Boston, Houston and Los Angeles will experience rent increases for class A retail space during 2013. In the United States, it’s projected that Boston, which has average class-A rents of $85 per sq. ft. to increase to $95 per sq. ft. in the second quarter of 2013. Dallas class A…
According to DQ News, Southern California home sale rose to a six year high for the month of August. A total of 22.438 new and resale homes sold in Southern California. That’s up 9% from July 2012 and up 14.2% from August 2011. Last month’s $309,000 median price was up 1.0 from July and up…
The National Association of Realtors sums it up pretty well in the attached August 2012 Commercial Real Estate Outlook when they opine that the economy has gone on vacation. That’s pretty much how I would describe it too. True, the triple net or absolute net, single tenant, national investment grade credit tenant retail is still…
DQ News reported that homes sold in Southern California rose for sixth consecutive month to 22,075 for June 2012. This number was down .5% from May 2012, but up 7.5% from the 20,532 sold in June 2011. True, Southern California sales rose 7.5% from a year earlier, but most of the uptick came in the…
I’m not saying that we’re quite back to pre crash levels of pricing but we’re getting there. Given the general malaise in the American economy with job growth, GDP growth and most other indicators, it’s surprising that the commercial real estate recovery has been as strong and broad based as it has. It didn’t start…
As prices get stupid for the product of choice – the triple net or absolute net, S&P BBB or better, single tenant retail, it starts pulling up secondary and tertiary markets and slightly weaker credit single tenant retail. Multi tenant won’t be far behind. We’re now in a broad based recovery that is pulling the…
7I’ve been writing about this topic for most of the last 18 months. There is very little supply out there of the triple net or absolute net, single tenant, national credit retail opportunities, and that is of course what everyone wants. And what is available gets highly competitive and results in multiple offers and stupid…
Today, I’m going to take a look at the preferred type of product for most of my buyers, and frankly for most buyers on the market these days, and that is triple net or absolute net, single tenant, single parcel, corporate leased retail. We’re talking the Wal-Mart’s, Kohl’s on the large end. Walgreens and CVSs…
For April 2012, DQ News reported that 19,284 new and resale homes sold Southern California last month. That was down from March by 3.4% and up 5.1% from the 18,344 sold in April 2011. April’s median price was $290,000 for southern California, which is up 3.6% from $280,000 in March, and also up 3.6% from…