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On August 29, 2013, in Economist Commentaries, by George Ratiu, Research Economist

As the traditional summer vacation season wrapped up, it became easier to focus on the economic performance over the first half of the year. However, the task became an exercise in reading fortune cookies given the many changes in the economy, the markets, and the legislative environment.

The main measure of economic activity—gross domestic product—has been redefined and revised by the Bureau of Economic Analysis during the second quarter. It has been redefined to include business investments in intellectual property, such as research & development, software, and entertainment and original artistic work. GDP has also been revised, as it normally is at regular intervals.

The results point to an economy that nominally is much stronger than it was a quarter ago, by almost $2.0 trillion. At the same time, the revised annual rate of growth for first quarter GDP dropped from 2.7 to 1.2 percent.  However, the estimate for the second quarter growth rate is 1.7 percent, indicating an accelerating economy.  Of course, given the pace of acceleration, we should not expect any whiplash, as there is no hurry in the macro advance.

Sales of major properties (over $2M) advanced 24 percent on a yearly basis during the first half of this year, totaling $145.3 billion, based on Real Capital Analytics (RCA) data.  Most property types registered double-digit growth rates, signaling strong investor interest in commercial assets.   Based on National Association of REALTORS® data, sales of properties at the lower end of the price range (mostly below $2 million) increased 12 percent on a yearly basis.

Portfolio sales made up a significant part of transactions in the first half of the year, with Archstone’s sale of apartment properties accounting for over $14 billion of the total.  Hotels were another major component of the top portfolio transactions.  On the individual property side, the General Motors building in New York ranked at the top, selling for $1.3 billion, at $1,766 per square foot.  Office properties made up the top three, with Sony Plaza and 425 Lexington Avenue, both in New York, coming in second and third place.

In line with growing demand for properties, prices rose 8 percent on a yearly basis, according to RCA’s Commercial Property Price Index.  Prices rose the most for apartments (15%) and retail buildings (13%). The average apartment unit price reached $108.347.  Retail spaces commanded $166 per square foot.  Office buildings traded for an average of $212 per square foot, up 7 percent year-over-year.  Industrial properties posted average prices of $63 per square foot, a 5 percent decline from a year ago. Cap rates inched up 17 basis points, to an average 7 percent nationally across all property types. For lower priced properties (below $2M), prices increased 2 percent year-over-year, based on survey data from the National Association of REALTORS®.

Investor interest in secondary and tertiary markets continued in the first half of the year.  Markets like Jacksonville, Long Island, Philadelphia, Las Vegas posted triple-digit growth rates in sales volume. By the year’s midpoint, 31 markets exceeded the $1 billion mark.  In terms of dollar volume, Manhattan, Los Angeles and DC’s Northern Virginia suburbs rank at the top of the list.  However, Dallas and Houston move in the top five, surpassing Atlanta, Chicago and Boston.

Distressed properties accounted for $118 billion across all property types, with office making up $36.5 billion of the total.  The workout rates have been steadily climbing, reaching 66 percent in the first half of the year.  Apartments and hotels recorded the highest workout rates, at 68 percent and 67percent, respectively.

New commercial distress is on a downward trend, as asset values continue to rise.  CMBS continues to hold the largest proportion of outstanding distress—45 percent.  U.S. banks are the second largest holder of distressed properties, accounting for 25 percent.

Several markets stand out for their rates of distress workouts.  Las Vegas retains the top spot in terms of total current outstanding distress—$11.4 billion.  Its workout rate is 43 percent, a fairly low figure.  Manhattan posted the second highest current outstanding distress volume, totaling $8.4 billion. However, its workout rate reached 77 percent in the first half of the year.  Other markets with high distress workout rates were DC (82), San Francisco (87%), Pittsburgh (79%) and San Jose (76%).

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Price: $849,000

This 1.25 acre site was a previous furniture manufacturing company with 2 metal buildings, covered storage units, trailer parking, and 2 large parking lots. Located in the Agua Mansa Enterprise Zone giving owner employee hiring tax credits, low interest revolving loan fund, business expense deduction, and other tax benefits. Click here to learn more about the Agua Mansa Enterprise Zone benefits!

 For more information on this listing or other investment opportunities, contact Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com or Brittany Duhs at (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com.

This 1.25 acre site was a previous furniture manufacturing company with 2 metal buildings, covered storage units, trailer parking, and 2 large parking lots. Property is on 2 parcels and can accommodate two separate businesses. Rail crossing at adjacent property. Offices plus large warehouse space. Multiple roll-up doors. Property is fenced. Motivated seller!

Close proximity to the 10, 15, and 215 Freeways. Main cross streets are N. La Cadera and W Valley Blvd.

The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.

by Brittany & Michael Duhs of East West Commercial Real Estate; San Bernardino Commercial Real Estate for Sale, San Bernardino Commercial Real Estate for Sale, Commercial Real Estate Broker

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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Unit Mix – 1: 3BD/1BA, 1: 2BD/2BA, 5: 1BD/1BA. Total: 10BD/7BA. Rents are at market and the property is well maintained in the path of Riverside’s redevelopment. Great investment opportunity. Motivated Seller!
Close proximity to the 91 and 215 Freeways. Minuets away from the historic Mission Inn and downtown Riverside.

For more information on this listing or our other listings located in the Inland Empire, please contact:

Brittany Duhs: (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com

Michael Duhs: (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

 

The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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This one of a kind industrial property in Colton, California sits on a double lot with over 22,400 square feet of industrial and office space. Priced to sell, this industrial property for sale in Colton has 14 parking spaces and multiple buildings. This property has a unique advantage in that it is located within the Agua Mansa Enterprise Zone which offers business owners incredible owner employee hiring tax credits, low interest revolving loan fund, business expense deduction, and other tax benefits. Click here to find out all the benefits of owning property in the Agua Mansa Enterprise Zone. The property is completely fenced offering extra security for the property. Adjacent to the main railroad tracks, this Colton industrial property is the prime location for one or two businesses. Recent upgrades to the facility make this industrial property for sale in the Inland Empire a great investment property. The seller is extremely motivated! Close proximity to the 10, 15, and 215 Freeways. Main cross streets are N. La Cadera and W Valley Blvd.

 

For more information on this listing or our other listings located in the Inland Empire, please contact:

Brittany Duhs: (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com

Michael Duhs: (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

 

The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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This 1.25 acre site was a previous furniture manufacturing company with 2 metal buildings, covered storage units, trailer parking, and 2 large parking lots. Property is on 2 parcels and can accommodate two separate businesses. Rail crossing at adjacent property. Offices plus large warehouse space. Multiple roll-up doors. Property is fenced. Motivated seller! Located in the Agua Mesa Enterprise Zone giving owner employee hiring tax credits, low interest revolving loan fund, business expense deduction, and other tax benefits. Click here to view: http://www.ci.colton.ca.us/RDA_Images/Agua Mansa Enterprise Zone Information.PDF

 

Close proximity to the 10, 15, and 215 Freeways. Main cross streets are N. La Cadera and W Valley Blvd.

The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.

by Brittany & Michael Duhs of East West Commercial Real Estate; San Bernardino Commercial Real Estate for Sale, San Bernardino Commercial Real Estate for Sale, Commercial Real Estate Broker
For more information, contact:

Brittany Duhs at (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com

Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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commercial real estate California

East West Commercial Real Estate, Inland Empire, CA – Nubia Greenhalgh

East West Commercial Real Estate is pleased to announce Nubia Greenhalgh has its new Inland Empire, California commercial real estate Broker Associate. With her vast experience and knowledge in commercial real estate, Nubia will be a tremendous asset to the East West Commercial Real Estate team.

Nubia Greenhalgh is an Associate Broker with East West Commercial and has been actively involved in all areas of real estate since 2004.  Nubia exemplifies a “client first” mind-set which characterizes her business practice and ethics while striving to provide the highest level of local market expertise.

Ms. Greenhalgh’s focus is providing services related to office, retail, industrial, and multi-family. She represents tenants, landlords, and investors in investment sales and lease transactions.

Nubia has a B.S. degree from La Verne University and has an Interior Design degree from FIDM which enables her to utilize her experience in real estate along with prior interior design experience to expertly analyze the efficiency, usability and quality of buildings and interior space for her clients.  Nubia’s success in securing and maintaining clients is a direct result of her approach, attention to detail and marketing expertise.

East West Commercial Real Estate is a full service commercial real estate services company providing brokerage, capital and commercial loans, and property management services for retail, shopping centers, office, industrial, apartments, medical office, self-storage, senior housing, and hospitality. East West Commercial has offices throughout Arizona,  California, Nevada, and New Mexico including, Phoenix, Tucson, Flagstaff, Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, Walnut Creek, Las Vegas, Reno, and Albuquerque. For more information, contact Nubia Greenhalgh at 909-635-7400 or Nubia@EastWestCommercial.com or http://www.EastWestCommercial.com.

EAST WEST Commercial Real Estate is seeking licensed real estate salespersons for the Inland Empire, California marketplace. This role offers unlimited upside potential for a uniquely motivated candidate with the drive to create and operate his/her own business. Sales commission split is dependent on experience.

EAST WEST COMMERCIAL REAL ESTATE – BROKERAGE SERVICES
Represent buyers and sellers in the purchase and sale of commercial real estate investment properties (apartments, retail, office, industrial, manufactured home communities, senior housing, self-storage, mixed-use, special purpose).
Represent tenants and landlords in the lease of commercial space.
Commercial Broker Opinions of Value (BOV’s) / Commercial Broker Price Opinions (BPOs)
1031 exchanges, short sales, investment consultation, financial analysis, market research

MINIMUM REQUIREMENTS
Licensed real estate salesperson or broker (active and in good standing), or in process
Thorough understanding of commercial real estate fundamentals
Demonstrate strong sales performance and experience
Excellent communication skills and attention to detail
Proficiency with Microsoft Office programs (specifically Excel) and Internet tools
Ability to manage multiple priorities, demonstrate flexibility, prioritize client’s needs and objectives, and meet deadlines without exception
Familiar with the market area

Bachelor’s degree a plus (4-year college or equivalent)

ATTRIBUTES OF A SUCCESSFUL CANDIDATE
The successful candidate will exhibit the following characteristics: honesty, integrity, self-motivation, diligence, tenacity, and entrepreneurial leadership. This candidate will also have proven to be adept at contract negotiations, prospecting, market research, deal making, and transaction management.

Telephone interviews will be scheduled for the coming week, followed by select in-person interviews. Please submit resume via e-mail with experience, qualifications and career objective to Michael.Duhs@EastWestCommercial.com.

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For More Information on this listing or our other Single Family Homes Portfolios in the Inland Empire or Los Angeles, contact:

Michael Duhs at (949) 939-8352 | Michael.Duhs@EastWestCommercial.com

About Michael Duhs

Michael’s commercial real estate experience spans 27 years, working for large and small real estate investment, asset management, development, and brokerage companies creating value and managing investment projects.

He has overseen and participated in $183 million worth of real estate transactions of multi-family, retail, resort, office, industrial, and mixed use assets primarily in southern California. Michael understands the need to achieve above average ROI for his clients and has extensive experience as a Managing Partner, COO, Project Manager and Director of Leasing for all commercial asset classes.

In addition to sales transactions, Michael has financed over $23 million in commercial real estate over the years and understands all aspects of pre-development, entitlements, development and asset management. He was involved in acquiring over 24,000 apartment units in the western United States in the mid 1980’s and holds a Bachelor of Science degree in Real Estate Finance. Michael has held a California real estate broker’s license since 1987.

Direct (949) 939-8352

30262 Crown Valley Parkway, Suite B518

Laguna Niguel, CA 92677

Broker Lic. #00864495

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino and Phoenix. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

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Purchase Price $2,475,000
Investment: 18 single family homes
Average Price Per Home: $137,500
Occupancy: Each home is rented. Great CASHFLOW
Financing: Seller financing available. 5%, 30 year amortization
Down Payment: $795,000 (68% LTV)
Return: 15.23% Cash on Cash Return

Single Family Homes are spread through out Riverside and Moreno Valley within close proximity to the 91, 215, and 60 Freeways.

by Michael Duhs of East West Commercial Real Estate; Inland Empire Commercial Real Estate for Sale, Inland Empire Commercial Real Estate for Sale, Commercial Real Estate Broker
For more information, contact Michael Duhs at (949) 939-8352 or Michael.Duhs@EastWestCommercial.com

About EAST WEST Commercial Real Estate

EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona.  The firm is headquartered in Orange County, CA.  Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno.  Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.

Visit Our Websites

http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com

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Check out our Inland Empire Specialist, Augie Chavez’s new August 2012 Newsletter! Click Below to Read:

 

 

 

 

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