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,…
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…
New data show major rebound in both commercial and residential construction led almost entirely by multifamily and single family development. Developers and builders started construction on the highest number of single family homes and apartments since July 2008. Multifamily rose 10% in October 2012 to an annualized rate of 285,000 units. Single family building application…
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…
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 recovery is spreading west, which had been a deeply affect region of the country by the residential housing collapsed combined with the deep recession. There has been a few technology and/or energy based markets in California and Texas that have done well over the last couple of years and that strength is broadening to…
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…
According to DQ News Southern California home sale rose for the seventh consecutive month to 20,588 for the month. This was down 6.7 from the 22,075 in June, but up 13.8% from July of 20122. The median price also rose to $306,000 and that’s up from the $300,000 from June and up 8.1% from 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…
For May 2012, DQ News reported that 22,192 new and resale homes sold Southern California last month. That was up from April by 15.1% and up 20.6% from the 18,394 sold in May 2011. The median price in the six county Southern County market rose to $295,000 last month. That was up 1.7% from April…
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…
There are big differences on expansion plans for 2012 as we come out of this giant downturn and Obama Care goes into to full effect in 2014. To summarize: Rite Aid hopes to return to limited growth. Walgreens ramps up again after restrained growth over the last three years and CVS is full speed ahead….
Buyer need – Corporate leased triple net c-store such as 7-11 or Circle K with 8 years or more unexpired absolute net lease for SoCal buyer. Gas or without gas is fine. Single tenant only. S&P BBB or better. This mean investment grade guarantor on the lease. No franchisees. However, it must be triple net or…
For March 2012, DQ News reported that 19,953 new and resale homes sold Southern California last month. That was up from February by 36% and up 2.8% from the 19,412 sold in March 2011. The average increase is 37% from February to March since 1988, when DataQuick’s statistics began. This sounds like great news, but…
First quarter 2012 softened a bit as compared to fourth quarter 2011, but net absorption remained positive according to Mark Heschmeyer of CoStar news. Plus, a mild slowdown in the rate of recovery is balanced by the lack of new commercial space coming out of the ground so as a result, vacancy rates are still…