Open House Sunday in Menlo Park

Rarely does availability come to often within this wonderful community of Sharon Park behind the gates of "Sharon Heights Golf Course", overlooking the spectacular views of trees, rolling hills and fairways. Very spacious master suite with master bath and two walk in closets, large living room with fireplace, formal dining area leads to private balcony with views, and just steps away from community pool and spa. Here's your chance to come tour this wonderful condo this Sunday July 13, 2008 between 1:30-4:30 I will holding the first OPEN HOUSE. I hope to see you their and if you have any questions or can't make it Sunday but would still like a tour please contact me mario@interorealestate.com.

When: July 13, 2008
Where: 1290 Sharon Park Dr #48, Menlo Park Ca

MAKE A WISH FOUNDATION FUNDRAISER

Please JOIN US for the Intero Happy Hour to Benefit the Make A Wish Foundation

When: Wednesday, July 16, 2008 5pm-8pm

Where: Merlion Restaurant & Wine Bar

(At New Outdoor Patio)

19628 Stevens Creek Blvd

Cupertino, CA 95014

For sixteen years Chicago Title an the local Real Estate community have been supporting the Greater Bay Area Make-A-Wish Foundation http://www.wish.org/ with our annual Slo-Pitch Soft Ball Tournament. Each year we have raised money for the foundation to help grant children wishes in the Greater Bay Area with life threatening illnesses.

The annual event will be held at Twin Creeks in Sunnyvale on August 11, 13, and 15. Last Year, we, Intero 4 Fun won THE JUST FOR FUN CHAMPIONSHIP. This year, we are the Intero Swingers and we'd like you to join us for this wonderful event.

Like to have FUN and help the same time?

Come join us for the HAPPY HOUR at Merlion

If you have further questions or can't not make it to this event but would still like to purchase a Wish Star (making a donation) we would love your support. Contact me mario@interorealestate.com or my assistant krasmussen@interorealestate.com .

100% Tips Will Benefit Make A Wish

Special Thank to MERLION!!

Complimentary Appetizers Sponsored by MERLION

HAPPY HOUR PRICE FOR ALL DRINKS

$6-Cocktail

$4-Beer & Wine

Sunnyvale Bank Owned/Reo Single Family Homes

We are currently tracking several bank owned/reo's in Sunnyvale. It seems to be that their has been quit a few new listings in this area with exceptionally great deals. If you are looking for a bank owned/REO please contact me mario@interrealestate.com and I would love to set something up to find the perfect home for you. Here are a few examples of what we have seen in the Sunnyvale area, but don't just get your eye set on Sunnyvale their are many other bank owned listings in the surrounding areas such as, San Jose, Campbell, and Santa Clara so lets find a perfect home that fits exactly what you need.
Great value in Lakewood Village listed for $550,000. This 5 bedroom 2 bathroom, large family room, vaulted ceilings, and lot of natural light and and need some repairs but has great potential. It's surrounded by great schools and good shopping. You don't want to pass this one up!

Located in a nice friendly neighborhood and is a 2 bedroom 1 bath which would be great for a first time buyer and a new couple. This home has dual-pane windows, newer garage door and storage shed in backyard, a large backyard and porcelain refaced fireplace. Listing Price $482,500

Johnny Carino's newly listed with CAP 6.25%

Johnny Carino's

Moreno Valley

Price $4,720,000

2 California Locations

NEW 16 Year NNN Leases

CAP 6.25%

-Under Construction- scheduled comleption September 2008

-Located within TownGate, a 590 acre mixed-use Masterplanned Community

Johnny Carino's

Victorville

Price $4,165,000

CAP 6.25%

-Located less than 1/2 a mile frm the mall of Victor Valley on "Restaurant Row"

-Situated in front of proposed Sam's Club

Please contact me if you would like to see a full marketing package for these two listings mario@interorealestate.com.

Newly Listed Bank Owned Single Family Home in Blossom Valley

Bank-owned, and move in ready with many new upgrades. Beautiful home has updated kitchen with new cabinets and granite slab counter tops that makes the kitchen pop. Laminate flooring throughout kitchen, recently updated bathrooms, big family room/dining room off kitchen, large living room with slate-surround fireplace, new landscaping, new interior paint throughout home, and dual-paned windows.This home is a winner and now listed for $499,000. If you are interested or have further questions or are interested in my help to find you a bank-owned home please contact me mario@interorealestate.com .

Bay Area Apartment Brokers Forum

Group: Bay Area Apartment Brokers Forum - Established 1986 - (22 Years)

Guest Speaker: Kirby Sack - CEO, Kirby Sack Properties Inc. - Principal, The Paul Sack Properties

Topic: Why a 5% cap in Silicon Valley is better than a 7% cap in Salt Lake City

Date: Wednesday, July 9, 2008 - 8 AM

Place: First American Title Company, 1737 North First St., San Jose

Breakfast: Continental Breakfast - no charge - First American Title/Exchange

Chairman: Richard Domich - CB Richard Ellis

Vice Chairman: Keith Suddjian - Cornish & Carey

Membership: Kari Noomen - Washington Mutual

Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco - First American Title

Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.

Adjournment: 9:30 AM

PENINSULA INVESTMENT FORUM MARKETING MEETING

Peninsula Investment Forum Marketing Meeting

Guest Speakers: Dena Cruz, Scott Rogers and Norman Cruz Home Roberts and Owen LLP

Please join me in welcoming three senior real estate attorneys from the international 300-attorney law firm of Holme Roberts and Owen who will discuss "Hot Topics in a Cold Market". The discussion will include the "going green audit checklist" with advice on what a buyer needs to look for when reviewing leases for a prospective purchase, how to increase income from your properties by getting your property tax assessments lowered, and the latest cases that are important to buyers and sellers of property.

MODERATOR: Jack Turturici
Sperry Van Ness Turturici Properties

DATE: July 22,2008 (fourth Tuesday of each month)
LOCATION: First American Title
1700 South El Camino Real
San Mateo, Ca

AGENDA: 7:45 A.M. Networking
8:00 Introductions
8:10 Property Presentations
8:15 Guest Speaker

THE PENINSULA INVESTMENT FORUM provides the opportunity to market your exclusive for sale listings to professionals in the commercial investment real estate community. Please bring 40 copies of your package for presentation. Please also email Neil Santiago with you available properties for sale at neil.santiago@bridgebank.com. Minimum purchase price of $750,000.

Sponsored by:
Janie McCaffery-First American Title (650) 356-1734
Mary Kay Kennedy- First American Exchange (800) 833-4343
Neil Santiago-Bridge Bank (650) 462-8522

Santa Clara County Inventory Report for July 1, 2008

Date: 7-1-08, Single Family Homes Active vs. Pending

Area/# of listings/# of pendings/# active/ % pending/ Short sale # pending/ Short sale # active

Morgan Hill/941/150/791/16%/53/220
Santa Teresa/179/51/128/28%/18/53
Evergreen/516/108/408/21%/122
Alum Rock/1000/183/817/18%/71/441
Berryessa/377/101/276/27%/45/104
Milpitas/199/52/147/26%/15/52
Santa Clara/274/70/204/26%/15/42
Central San Jose/418/76/342/18%/28/93
Willow Glen/277/67/210/24%9/20
South San Jose/557/140/417/25%/54/248
Blossom Valley/385/90/295/23%/39/103
Almaden Valley/141/34/107/24%/2/9
Cambrian/261/59/202/23%/12/47
Campbell/216/56/160/26%/10/18
Los Gatos/197/44/153/22%/1/5
Los Gatos Mtns/79/3/76/4%/0/3
Saratoga/145/28/117/19%/1/1
Cupertino/159/55/104/35%/0/1
Sunnyvale/239/82/157/34%/22/35
Mt. View/92/35/57/38%/0/2
Los Altos Hills/87/23/64/26%/1/1
Los Altos/49/8/41/16%/0/1
Palo Alto/110/46/64/42%/0/0

Date: 7-1-08, Townhomes/Condo's Active vs. Pending

Area/# listings/# pendings/# active/% pending/short sale # pendings/ short sale # active

Morgan Hill/Gilroy/67/12/55/18%/3/24
Santa Teresa/33/8/25/24%/3/7
Evergreen/139/26/113/19%/3/29
Alum Rock/148/25/123/17%/13/65
Berryessa/166/38/128/23%/14/58
Milpitas/88/22/66/25%/6/21
Santa Clara/164/49/115/30%/9/18
Central Sj/180/34/146/19%/6/29
Willow Glen/47/9/38/19%/1/5
South San Jose/216/32/184/15%/9/106
Blossom Valley/272/58/214/21%/20/97
Almaden Valley/17/2/15/12%/0/1
Cambrian/71/14/57/20%/8/12
Campbell/133/25/108/19%/2/14
Los Gatos/51/7/44/14%/2/4
Saratoga/22/4/18/18%/0/0
Cupertino/71/23/48/32%0/1
Sunnyvale/136/27/109/20%5/11
Mt. View/100/32/68/32%/4/9
Los Altos/LA Hills/10/4/6/40%/0/0
Palo Alto/41/16/25/39%/1/0

Active Single Family Home/Townhomes & Condo's

As of June 2nd this is the current updates spreadsheet done by MLS of the inventory trends in Santa Clara County. Please click the spreadsheet to the left to view a larger picture.

Last minute short sale negotiations

Completely "under water" 2nd lien holders still hold much power in allowing or disallowing a short sale. Even on deals that have been approved by both lenders weeks ago, there are last minute negotiations that occur. In one recent example this week, the 2nd, who was to receive $2,000 as a nominal walk-away fee, negotiated the day before closing to receive $17,000 from the senior lien holder. As any good negotiating book will teach, the real negotiation happens when time is not in some one's favor. Try going to legal arbitration - nothing happens for 7 hours and 55 minutes, then everyone shakes hands at 7:59 - then goes to dinner to lament and or cheer. Moral of the story - short sales are a pain - and a good deal - and a pain...

Santana Row Stylish Loft $675k

Santana Row is one of the most happening places in San Jose and did I not mention very classy and very fun. You can live here in this 1 bedroom 1.5 bathroom stylish loft that features high ceilings, large bedroom suite, dual vanity, soaking tub and a walk in closet. The living area features an open floor plan with granite kitchen, den/office area and you own private patio. If you like to always b e in the spotlight and love food, entertainment, even relaxation this place is right for you.

Newly Listed Evergreen Valley Country Club Home

Don't Miss this gorgeous Silver Creek Valley Country Club home! This home has all the bells and whistles you may need that sits on a privitly gated community. 3 bedrooms 2.5 bathrooms, plus an office that can always be turned into another room. This home has a gourmet kitchen with granite counter tops, beautifully redone patio and landscaping with water features, surround sound throughout first level, built in niche in family room, alarm system, 2 car garage and so much more. You can't beat a deal like this for $1,100,000 especially in this area on the actual Country Club. Please contact me if you have further questions or would like a tour of this home, and if this home just isn't for you lets talk and see what we can do mario@interorealestate.com.

Bank/Reo Single Family Homes Under $500k

We are now tracking three newly listed bank owned single family homes for under $500k. Great value home in a wonderful neighborhood in San Jose. This well maintained 3 bedroom 2 bathroom bank owned property sits on a large landscaped lot in a very quite neighborhood. Their have been a few upgrades including new paint and flooring. The home is listed for $469,900 and perfect for a first time buyer or an investor.

This second home above is in Sunnyvale and has been listed for a very low price $465,900 for such a well kept home. Its a 3 bedroom 1 bathroom home that has a very spacious floor plan, hardwood flooring though out, tile kitchen, large backyard with additional storage, and their is always room for expansion. This home is great for a first time buyer or an investor.

Nicely remodeled 3 bed 2 bathroom bank owned home listed for $499,900 in San Jose. Beautiful custom entry, wood floors, double paned windows, custom paint, tiled master bath, built in BBQ, covered patio, and easy care landscaping surrounded by a nice neighborhood.

Absolute NNN California Bank Deal

Central Redding, California, absolute NNN single tenant bank property for sale at a 5.78% cap rate. The bank just ended their initial 10 year term and have exercised their first 5 year option. Umpqua Bank has 147 locations in the Northwest - headquartered in Portland, Oregon. This branch is one of their high performers with over $52,000,000 in deposits. NASDAQ symbol is UMPQ. This is a solid 1031 exchange property. Get rid of your apartments and into something with great stability and security. Offered at $3,000,000.

How To Raise Rents Under Rent Control Free Workshop

Know Your Rights & Maximize Your Investment

How to Raise Rents Under Rent Control

in San Jose and remain legally compliant

When:

Thursday, July 10,2008

8:30am-11:30am

Where:

Oakwood San Jose Actvities Room

700 Saratoga Avenue, San Jose

parking entrance on Blackford Avenue

RSVP by July 7

Online: www.caanet.org/events

By Phone: 800-967-4222

Bay Area Apartment Brokers Forum

Group: Bay Area Apartment Brokers Forum - Established 1986 - (22 Years)Guest Speaker: Kirby Sack-CEO,Kirby Sack Properties Inc.-Principal,ThePaulSack Properties
Topic: Why a 5% cap in Silicon Valley is better than a 7% cap in Salt LakeCity
Date: Wednesday, July 9, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose
Breakfast: Continental Breakfast - no charge - First American Title/Exchange
Chairman: Richard Domich - CB Richard Ellis
Vice Chairman: Keith Suddjian - Cornish & Carey
Membership: Kari Noomen - Washington Mutual
Sponsor: Mary Kay Kennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco- First American Title
Note: All present will have an opportunity to present their listings, buyer requirements, as well as their analysis of current events and market trends that directly effect
the multi-housing (apartment) industry in Silicon Valley and greater Bay Area.
Adjournment: 9:30 AM
Aug. 13, 2008 John Klimp - The Multi-Housing Due Diligence Process
Sept. 10, 2008 Puneet Singh - Nuisance Tenants 2008
Oct. 8, 2008 Ken Orvick - Apartment Management Issues 2008
Nov. 12, 2008 Michael Thomas - How Technology is Changing Real Estate

Santa Clara Open House Listed for $789,000

On June 28th between 1:30-4:30 PM don't miss this opportunity to come check out this nicely sized 3 bedroom/2 bathroom home that sits on a 5300 sq ft lot in Santa Clara. This kitchen has great perks as you can see with granite counter tops, stainless appliances, and beautiful hardwood floors. This home has been beautifully kept with an additional building on property-art studio or workshop, or whatever you may turn it in to. If you have additional questions and would like to come to the open house, please email me to get further information mario@interorealestate.com.

Santa Clara County Inventory, Townhomes/Condo's

Date: 6-25-08, Townhomes/Condo's Active vs. Pending

Area/# of Listings/# of pendings/# Active/% Pending/#Short Sale Pendings/# Short sale Active

Morgan Hill/Gilroy/65/10/55/15%/3/25
Santa Teresa/35/10/25/29%/3/10
Evergreen/146/27/119/18%/2/31
Alum Rock/150/23/127/15%/11/69
Berryessa/166/36/130/22%/13/57
Milpitas/83/21/62/25%/6/20
Santa Clara/170/43/127/25%/7/20
Central SJ/193/28/165/15%/5/30
Willow Glen/49/9/40/18%/1/7
South San Jose/218/35/183/16%/9/104
Blossom Valley/278/60/218/22%/21/100
Almaden Valley/18/5/13/28%/0/0
Cambrian/74/13/61/18%/7/14
Campbell/133/20/113/15%/2/11
Los Gatos/54/6/48/11%/2/4
Saratoga/20/3/17/15%/0/0
Cupertino/72/22/50/31%/0/1
Sunnyvale/137/29/108/21%/5/10
Mt.View/106/32/74/30%/3/9
Los Altos/LA Hills/8/2/6/25%/0/0
Palo Alto/37/11/26/30%/0/1

Santa Clara County Inventory Report for June 25,2008

Date: 6/25/08, Single Family Homes Active vs. Pending

Area/#of listings/# of Pendings/ # Active/ % Pending/ Short Sale Pendings/Short Sale Active

Morgan Hill/Gilroy/955/161/794/17%/51/219
Santa Teresa/185/53/132/29%/20/53
Evergreen/532/108/424/20%/46/132
Alum Rock/996/185/811/19%/75/442
Berryessa/382/105/277/27%/48/97
Milpitas/208/51/157/25%/15/56
Santa Clara/283/70/213/25%/15/56
Central SJ/426/75/351/18%/27/94
Willow Glen/290/74/216/26%/9/21
South San Jose/567/134/433/24%/45/264
Blossom Valley/390/100/290/26%/37/103
Almaden Valley/148/38/110/26%/3/10
Cambrian/263/69/194/26%/9/45
Campbell/211/58/153/27%/18
Los Gatos/210/46/164/22%/1/5
Los Gatos Mtns/80/5/75/6%/0/3
Saratoga/148/28/120/19%/1/1
Cupertino/164/61/103/37%/0/1
Sunnyvale/245/86/159/35%/20/38
Mt.View/89/30/59/34%/0/3
Los Altos Hills/87/25/62/29%/1/0
Los Altos/52/10/42/19%/0/1
Palo Alto/114/47/67/41%/0/0

Active Single Family Homes/Townhomes Trends by MLS

We are now tracking the inventory trend in Santa Clara County done by MLS. The spreadsheet shows the active listings for single family homes, town homes and condos. This spreadsheet is broken up by city and months of these current active listings.Please click the spreadsheet to the left of the screen to view a larger picture.