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Draftsmen & Craftsmen 8/29/08 In news of an interesting retail TI job, Prevost Construction just completed a $1.5 mil building conversion and customized tenant improvement project for Jade Theater, a new nightspot located near the Gaslamp Quarter in downt...
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CA Home Sales Jump 43% While Median Price Down 40% 8/28/08 July saw a 43.4% jump in California home sales compared to the same period a year ago, an increase that is due in great part to buyers taking advantage of foreclosures and other troubled properties being traded at a substanti...
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CA Affordability for Entry-Level Homes Jumps to 48% 8/21/08 The percentage of households that could afford to buy an entry-level home in California stood at 48 percent in the second quarter of 2008, compared with 24 percent for the same period a year ago, according to the latest figur...
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CA Adopts Nation’s First Statewide Green Building Codes 8/01/08 In a move to promote greater usage of sustainable building practices throughout the state, California’s Governor Schwarzenegger and the California Building Standards Commission (BSC) adopted the first set of statewide “green”...
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Median CA Home Price Down 37.7% from Prior Year 7/28/08 SoCal’s typical June Gloom carried over to the housing market for the entire state, as the median price of an existing home in CA fell an astounding 37.7 percent compared to prices for the same period one year earlier, accord...
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Draftsmen & Craftsmen 7/16/08 Killefer Flammang Architects (KFA) recently won four Los Angeles Business Council (LABC) architectural awards — three for the design of fire stations, the other for a building housing abused women and mentally ill homeless re...
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Schwarzenegger and Feinstein Propose Compromise Plan for CA Water Problems 7/15/08 To update its members with the latest information about California’s water issues, BOMA California has sent out the following news regarding a compromise plan presented to California’s legislature that should improve the stat...
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Economic Update 7/14/08 Friends and Colleagues:
Is there good news or bad news on the economic horizon? Eugenio Aleman of Wells Fargo Economics is not very upbeat this week, as he shares his thoughts on Consumer Spending and the Weak Dollar.
A...
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Draftsmen & Craftsmen 7/08/08 McCarthy Building Companies recently topped out the new Mission Hospital Patient Care Tower in Mission Viejo when steel workers from Schuff Steel placed the final structural steel I-beam on the braced-frame steel structure. ...
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CA Home Sales Up 18% from Prior Year 6/30/08 May home sales sale figures from the California Association of Realtors® (C.A.R.) show that CA sales increased 18.1 percent for the month compared with the same period a year ago, while the median price of an existing home fe...
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DPR Awarded AIA HQ Renovation in DC 6/12/08 Redwood City-based DPR Construction Inc has been selected by the American Institute of Architects for a major renovation of the AIA’s national headquarters in Washington, D.C. DPR will partner with the AIA and Studios Archit...
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Draftsmen & Craftsmen 6/06/08 Here’s news of an interesting West LA office project that was completed by Snyder Langston within a 12-month time-frame for Fox Studios to accommodate one of its tenants, Digital Media. The 34k sf building is located on the F...
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Economic Update 6/03/08 Friends and Colleagues:
This week Scott Anderson, Senior Economist of Wells Fargo Economics talks with us about the current state of the economy....Recession?.....Stagflation?.....Rising Interest Rates? Read on to hear h...
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CA Home Sales Perk Up as Prices Continue to Fall 5/27/08 The good news for the CA housing market is that sales increased 2.5 percent in April compared with the same period a year ago, while the bad news is that the median price of an existing home fell 32 percent from the prior yea...
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CA Housing Silver Lining: First-Time Buyer Affordability Up to 44% 5/22/08 The percentage of households that could afford to buy an entry-level home in California stood at 44 percent in the first quarter of 2008, compared with 26 percent for the same period a year ago, according to a report released...
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Current Office Sublease Availability in San Diego Inline with Historic Averages 5/16/08 One of the important indicators in determining the health of a given office market is the direction of current sublease activity. Here’s a quick look at the sublease market for office space in San Diego, provided to us by Gru...
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RENTV Audience Responds to Los Angeles Property Rights Rulings 5/15/08 We’d like to thank the viewers who sent back comments in response to our opening comments in the May 8th “The Real Estate Insider” email newsletter about two Los Angeles City Council rulings on a couple of important property ...
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New Relaxed Guidelines from Fannie Mae Should Encourage Res Borrowing 5/15/08 On May 6, Fannie Mae announced four key changes to their residential mortgage guidelines that should provide welcome relief to homeowners and buyers looking at financing options. These changes allow for refinancing up to 120...
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Draftsmen & Craftsmen 5/13/08 Construction has been completed on a striking new HQ office building for Pacific Life Insurance Company within Parker Properties’ Summit Office Campus in Aliso Viejo. The nine-story, Class A tower, located at 45 Enterprise, w...
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Draftsmen & Craftsmen 5/05/08 Construction was recently completed on Catholic Charities/Good Shepherd Center Women’s Village Phase III, a 35.9k sf mixed-use building that will provide services to all residents of Good Shepherd Center's facilities. Constru...
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