FIGURING OUT LEED STANDARDS FOR OLD BUILDINGS more...
THE US GREEN BUILDING COUNCIL WANTS YOUR INPUT more...
COMMERCIAL REAL ESTATE CONDITIONS VARIED FROM AREA TO AREA
INDUSTRIALS EVEN WEAKENED IN L.A.
Commercial real estate conditions are uneven across the country and vary notably in some areas, according to a commercial real estate update and forecast presented here at the National Association of REALTORS® Midyear Legislative Meetings & Trade Expo.
During the first three quarters of 2007, commercial real estate investment was in excess of $100 billion per quarter. In the first quarter of 2008 it slowed to the range of $35 billion to 38 billion. more...
COMMERCIAL REAL ESTATE CONDITIONS VARIED FROM AREA TO AREA
INDUSTRIALS EVEN WEAKENED IN L.A.
Commercial real estate conditions are uneven across the country and vary notably in some areas, according to a commercial real estate update and forecast presented here at the National Association of REALTORS® Midyear Legislative Meetings & Trade Expo.
During the first three quarters of 2007, commercial real estate investment was in excess of $100 billion per quarter. In the first quarter of 2008 it slowed to the range of $35 billion to 38 billion. more...
BRAVO TO WARREN BUFFETT
Kudos to the richest man in the world, and noted philanthropist Warren Buffett. Berkshire Hathaway, company chaired by Warren Buffett, has bought portfolios of subprime mortgages and frozen their rates.
Buffett, who spoke at Berkshire Hathaway’s annual meeting, said Clayton Homes, a unit of Berkshire that makes and provides financing on manufactured homes, purchased the subprime mortgages. Clayton sent letters to all the borrowers involved telling them the interest rates wouldn’t reset higher. more...
CONGRESS WANTS COMMERCIAL BUILDINGS TO GO GREEN
Today’s interesting statistic… buildings account for 29 percent of all carbon dioxide emissions, according to Andy Ehrlich, senior vice president of B&D Consulting, a national advisory and advocacy firm.
Ehrlich spoke He spoke to commercial practitioners at the Commercial Legislative and Regulatory Subcommittee at the National Association of Realtors’ Midyear Meetings. more...
Office Property Sales Update
“We’re seeing no significant changes in vacancy rates or rent growth, so the fundamentals in commercial real estate still seem to be respectable,” notes NAR Chief Economist Lawrence Yun. “Under normal circumstances, near-full occupancy coupled with positive rent growth would be of strong interest to investors, but we’re not seeing that. The credit crunch has filtered into the commercial real estate market.” more...
The area is now being named Southwest California and is growing rapidly. We are in an economic slowdown due to the residential crisis but that is starting to show signs of improvement.
Commercial land in the Temecula, Murrieta and Southwest California area is reasonably priced and there is plenty available.
Temecula Wine Country is a commercial area specific to tourism with about 30 wineries, restaurants and lodging.
For more info on the Temecula Wine Country visit http://www.joedilullo.com
