Deals require urgency

I have been showing some great condos, townhouses and single family homes in the last few weeks in San Jose. The bank owned properties are out there in good numbers and mostly priced very well. This great inventory is also paired with a fleet group of buyers who know good deals when they see them. And low and behold, a day or two later, active listings become pending sale listings. The deals are out there yes. To get them though, you must act efficiently. Whomever buys a home in the San Jose area this year will be very happy in years to come. If you want some help sourcing great homes and making offers, give me a call. My track shoes are on!

Best Priced Duplex With Cupertino Schools

Best priced duplex listing in Sunnyvale, Ca. Great Cupertino schools and great location of home. Unit 1 is a 3 bedroom/2 bath approximately 1,400 sq ft. Unit 2 is a 2 bedroom/ 1 bath and approximately 832 sq ft that totals about 2234 sq ft on a lot size of 7,260 sq ft. List Price $875,000. If you have any questions or would like more information on this duplex contact krasmussen@interorealestate.com.

Excellent House for Excellent Price in San Jose

This Cambrian Home is Dialed!All Remodeled and beautiful!Gorgeous kitchen w/glazed white cabinets, slab granite, newer appliances, and breakfast bar!Hardwood floors throughout!Dual Paned windows/doors!Cozy Fireplace!Recessed Lighting!Crown Molding and newer baseboards,trim moldings,and interior doors! Large front yard with white picket fence. Entertaining deck and large lawn in rear yard.Pottery Barn Colors!Extra Office in Garage! List Price $599,000

Santa Clara County Market Trends

Please click diagram to view a larger picture.

Home Buyers Workshop

Walgreens Exclusive NNN Investment Opportunity

565 East Centennial Parkway, Las Vegas













Investment Highlights

• Absolute Triple-Net (NNN) Lease with Corporate Guarantee
• 75 Year Lease Term
• 2008 Construction
• Building Size: 14,820 sq ft
• Standard and Poor's A+ Rated Company
• Located on a "Hard Corner" within strong retail corridor in North Las Vegas
• Directly South of New Kohl's anchored shopping center
• Projected population increase of 37.89% within a mile radius

Please contact me for more information and if you have any questions.

CCIM Silicon Valley District Meeting

CCIM Silicon Valley District Meeting
Wednesday, November 19

Bay Area Development: Trends, Challenges, Future Vision

Jeff Birdwell – Sares Regis; President Commercial Division. The Sares Regis Group is one of the largest most diversified real estate companies in the Western United States. They develop, acquire, build andmanage a variety of commercial properties. Jeff will speak about leasing and development trends, construction costs, challenges encountered in the development process, working with different cities (why some are easier to work with than others), etc. He will also address the financing environment for new projects and his vision for the future of Bay Area projects.

Mr. Birdwell joined Sares Regis in 1987 and manages the Northern California Commercial Division, overseeing office, R&D, industrial and retail developments and commercial acquisitions. The Commercial Division is currently developing approximately 80 acres of land in the Bay Area. These projects include over 750,000 square feet of office, 600,000 square feet of industrial, 60,000 square feet of retail and 650 units of senior housing. This team has also acquired over 1 million square feet of office and industrial properties since August of 2007. During his 20+ year tenure at Sares Regis, Mr. Birdwell has managed over $2 billion of projects to successful completion (over 4 million square feet). He began his 30-year career in real estate by working in the construction industry on large commercial projects with C.L. Peck Contractor in Los Angeles. Mr. Birdwell received his Bachelor of Science Degree in Civil Engineering and a Masters Degree in the Construction Engineering and Management Program from Stanford University. He also holds a Bachelor of Arts Degree in Economics from Claremont Men’s College. Mr. Birdwell is a Consulting Faculty member at Stanford University’s Department of Civil Engineering, Construction Engineeringand Management, where he teaches a graduate-level course in Real Estate Development.

Nanci Klein – San Jose Economic Development Department. She will be speaking about the future growth of San Jose, including “Envision 2040” which is the general plan update currently underway. She will also discuss exciting developments going on in downtown and North San Jose.

WHEN: Wednesday, Nov. 19th
8:30 am—10:30am
WHERE: UCSC Extension-Sunnyvale
1180 Bordeaux Drive, Sunnyvale
To Register, email George Pires at
georgepires@princetoncap.com or
John@AlteraCommercial.com
No Cost Meeting

Weekly Stats for Cupertino, Sunnyvale and Santa Clara

Above you will see the weekly stats for Cupertino, Sunnyvale and Santa Clara. Please click on the spreadsheet to view a larger picture.

Bank REO condo - cheap price, great condition

Very nice 2 bedroom, 1 bath condo I saw yesterday in South San Jose. Bank owned and very well priced at $157,500. Compared to many bank owned properties, this one is clean and well-kept. There are even some upgrades including tile floors in the kitchen and bathroom and wood flooring in the living room. Upstairs unit with a private balcony. Located at Monterey and Capitol Expressway. Great first time home buyer home or perfect for a rental. This just came on the market and is priced to move. Let me show you it today.

What A Great Investment..

Excellent bank owned four plex listing in a very solid rental area of San Jose. The complex has a great unit mix all consisting of 2 bedrooms/1 bath units. Each unit is approximately 832 sq ft, on a lot size of 6234 sq ft. This property needs some TLC but has great potential to become the perfect living space. Make a great investment now. List Price $775,000.

Santa Clara County Weekly Stats

Please click on the above spreadsheets to view larger picture. This currently shows the weekly stats in Santa Clara County.

Bay Area Apartment Brokers Forum

Guest Speaker: Ken Orvick-Principal,Orvick MangementGroup
Topic: Apartment Management Issues2008
Date: Wednesday, November 12, 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
Dec. 10, 2008 Robert Meyer - Tenant-In-Common Update - Proposed NAR Exemption
Jan. 14, 2009 Kari Nooman - Financing Multi-Housing Properties 2009
Feb. 11, 2009 Ric Russell - The Future of Multi-Housing Brokerage 2009

Almaden Valley Bank Owned

Great opportunity in the beautiful Almaden neighborhood. Popular tri level floor plan with separate family and living rooms. Spacious yard with lots of privacy and potential. Freshly painted interior with new stove and dishwasher. Hardwood flooring and crown moulding. Wonderful master suite with double doors and walk in closet. This home is a 3 bedroom 2.5 bath and approximately 1866 sq ft with a lot size of 8103.

Cupertino Homes

Beautifully remodeled home in Moreland School District on a lovely tree lined street with convenient access to shops and freeways. This 3 bedroom 2 bathroom home has many amenities such as: new roof, new int & ext paint, new kitchen with stainless steel appliances, new cabinets, copper pipes, dual pane windows, remodeled baths, upgraded base boards and interior doors, hardwood floors, new carpeting, recessed lighting, new front door. This home has also been beautifully landscaped all around. List Price $799,000

Downtown San Jose Short Sale Condos

There are three units we are tracking in a downtown San Jose condo complex that are very good opportunities. 2 bedroom, 2 bath units, slightly over 1,000 square feet in a relatively modern building, well-located and well-maintained. All offered in the low $300,000s. These are short sales and one of them already has bank approvals in place to sell the unit at less than what the owners owe. Call me to get details and to set a showing. You will be pleased.

Retail/Office For Sale in Cupertino, Ca

Travigne Plaza, Cupertino, Ca

• 10,463 SF Retail/Office Building
• $4,004,000 Purchase Price
• $260,237 N.O.I
• 6.5% Cap Rate
• Assumable Loan of $2,374,695
• High Traffic Counts
• Prestigious Stevens Creek Location
  

If you have any questions or would like to preview this suburb location please contact me.

Live In Santana Row Now!!

Within the last two weeks three listings have gone on the market in lovely Santana Row. A place that is full of fun and excitement with so much to do. You can make a lot happen in this beautiful community such as, a simple walk down the streets, you can mix in a little work out at the gym, shopping, and of course lots of amazing places to eat, drink and dance. The newly listed condos have amazing views of the Santana Row Shops, one condo is a 1bed/1.5bath, and the other two listed are 1bed/1bathrooms. Each condo has it's own very unique look and style. Come join the fun now whether it's a weekend get away condo or your own permanent residence. Please contact krasmussen@interorealestate.com to find out more information.

Santa Clara County Residential Inventory Stats

Please click both diagrams individually to view larger picture of the Santa Clara County Stats.

Bank Owned Homes

Now's the perfect time to take advantage of the market and investment in bank owned home. It's crazy the homes I have come across and what excellent deals you can find out there. For example, this very nice Willow Glen 3 bedroom 2 bathroom 1300 sq ft home. This home is located on a great tree lined street. Large kitchen, spacious living room with hardwood floors, fireplace and french doors leading to the nicely landscaped yard. List price $518,900. For more information on bank owned home please contact me.

Excellent Sunnyvale Duplex listing

I just listed a very well maintained, spacious duplex on nice quiet convenient street in Sunnyvale with Cupertino schools. Large owners unit in rear with full backyard, great floorplan, natural lighting, hardwood floors, excellent condition. Perfect owner occupant home. Second unit in front is good rental or in-law unit. Both units fully occupied with stable tenants who would stay. Rent upside on both units. List Price $895,000. Please contact me for information.