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Economic Update 1/12/09 Friends and Colleagues,
Whoa Nellie...this is a fine mess we are in! This week, Scott Anderson of Wells Fargo Economics helps us put the current state of the economy in perspective.
First, some good news? from Anderson ...
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Healthy Outlook for San Francisco Apartment Market 1/12/09 The outlook for the San Francisco apartment market in 2009 is expected to remain relatively healthy, though the threat of payroll contraction in response to the upheaval in the financial markets bears monitoring. At least tha...
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Notice of Defaults and Notices of Trustee Sales in CA Jumped 131% in 2008 1/08/09 According to the latest data from Default Research, Notice of Defaults and Notices of Trustee Sales in both halves of California rose 131 percent last year. In Los Angeles County alone, 122,408 unique properties entered into ...
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CA Home Sales Up 83% in November 1/05/09 Home sales in California saw a jump of 83.2 percent in November compared with the same period a year ago, while the median price of an existing home fell (brace yourself…) 41.8 percent, according to the most recent data from ...
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Turbulent Year Winds Down for CA Home Market 12/22/08 Rising home sales, declining home prices, stricter loan underwriting standards, and the financial market meltdown contributed to a turbulent year in California’s housing market, according to the California Association of Real...
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Draftsmen & Craftsmen 12/05/08 A couple of the latest Draftsmen & Craftsmen tidbits that we’ve heard about recently involve Johnson & Jennings General Contracting and H. Hendy Associates. We’ll begin with news from Johnson & Jennings, which just completed ...
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CA Existing Home Prices in Oct Drop 40% 12/02/08 Home sales increased 117.1 percent in October in California compared with the same period a year ago, while the median price of an existing home fell 39.9 percent, according to the latest numbers from the California Associati...
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Design Build Team Wins Honor Award for Water + Life Museums in Hemet 11/19/08 Principals of Lehrer + Gangi Design + Build, a venture of Lehrer Architects and Gangi Architects, the architecture and planning division of Burbank-based Gangi Development, were presented one of six Honor Awards during ceremo...
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Economic Update 11/17/08 Friends and Colleagues,
Times are tough...and they keep getting tougher. This week, Scott Anderson of Wells Fargo Economics gives us a sobering dose of news about the current state of the economy and where he thinks it is...
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Draftsmen & Craftsmen 11/14/08 West Sacramento-based Clark Pacific recently completed the precast construction on the Caltrans District 3 office building in Marysville, a NoCal city located about 40 miles directly north of Sacramento in Yuba County. The $6...
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Draftsmen & Craftsmen 11/03/08 Studio Pali Fekete architects (SPF:a) recently master-planned and completed Phase I design work on the first of several private aviation facilities at the Van Nuys Regional Airport for Maguire Aviation. SPF:a created a very d...
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Premier Business Centers Helps Companies “Right-Size” Office Space During Economic Turbulence 10/31/08 Over the past few months, the ongoing U.S. recession has forced many attorneys, mortgage companies, residential real estate, and financial and professional services companies to either vacate or consolidate their facilities. ...
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Sudden drop in CA Foreclosures Attributed to Temporary Effect of New Law 10/24/08 The latest CA figures from Pennsylvania-based Default Research show that Notice of Defaults and Notices of Trustee Sales fell 54 percent in Northern California and 58 percent in Southern California during September. The comp...
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3rd Quarter 2008 Outlook for the San Francisco Office Market 10/22/08 Here’s a brief 3rd Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage.
Absorption: The office market recorded its second consecutive quarter of...
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CA Home Prices Expected to Continue to Decline in 2009 10/21/08 In an effort to provide homeowners, prospective buyers and real estate pros some sense of what to expect from California’s real estate industry in the coming year, the California Association of Realtors®’ (C.A.R.) offered up ...
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Economic Update 10/20/08 Friends and Colleagues:
We are in the midst of an economic tsunami….and we don’t like it. In bad times as in good times, we tend to focus on the extreme rather than the norm. This week Michael Swanson of Wells Fargo Econ...
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Draftsmen & Craftsmen 10/16/08 Precast construction on the Caltrans District 3 Office Building in Marysville, a $64 mil, 211k sf office project, was just completed. The development is the first state office building to feature “All-in-One” total precast co...
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High-Efficiency Solar Modules to Power Two NoCal Projects 10/13/08 With energy conservation and green building practices a top priority in the commercial real estate industry today, many of you will be interested to learn about a couple of recent instances in which high-efficiency solar modu...
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Downtown San Diego Retail Market Remains Strong 10/10/08 Here is an informative overview of the retail market in downtown San Diego, which remains very strong, despite the struggling economy and the slowdown in consumer spending. This report was provided to us by Cushman & Wakefiel...
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Draftsmen & Craftsmen 10/08/08 In news of a major SoCal University project, Morley Construction Company broke ground in September on the $65 mil Eli and Edythe Broad CIRM Center for Regenerative Medicine and Stem Cell Research at the University of Southern...
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