Office space for lease in Silicon Valley being snapped up

Office space in Silicon Valley is being snapped up, so is retail space. Some of it due to actual need for space, but most for future need & concern over others taking space and a looming space shortage.
Not so long ago (think Dot Com boom), companies were out of luck when looking for work space for their expansions. We were converting industrial warehouses into cube farms to make room. With the large leases of Facebook, Google, Apple and others - the rest of the valley is getting concerned that space may not be so readily available when the next tech wave hits. Already, we are seeing rents rise in compensation to leases being signed.
It's not an issue of whether $1.50 per foot office space is reasonable today, the real question is do you want to pay $2.50 per foot a few years from now - if that is even available.
Our office is located in Cupertino and the Apple expansion is very evident with them taking space in many of the Class A & B buildings in the city.  In our building, LAB 126 (Amazon) who designs the Kindle is in full expansion mode. The center of Silicon Valley is where everyone wants to be and needs to be.  So be prepared to compete for space in the heart of it all the innovation.

Fusion Sunnyvale Townhomes for Sale

The newest Sunnyvale townhome community for sale is now open for business. Talk to us about the best models in the right locations of this complex. Phase 1 was just released and homes will be delivered for occupancy in July and August of 2011. Call us for a private tour and great guidance on which homes to buy in the best Sunnyvale townhouse development to come for sale in years.

Fusion Sunnvyale New Condos Townhouses for Sale

Fusion townhouses of Sunnyvale just opened their sales center. These townhouse style condos are going to be a beautiful community when complete. The homes are built for owners who want more than just an entry level condo. All the homes are at least two bedroom and two bath with garage parking for two cars (some tandem). Seven models that range from 1,198 square feet 2 bedrooms, 2.5 baths to 1,882 square feet with 4 bedrooms, 3.5 baths. All units have a deck and/or a porch. Total build out will be 228 townhomes in a great north Sunnyvale location. Pricing for the first release is from $448,640 to $625630. Come set an appointment with us to tour the best new townhouse development in Sunnyvale to come on the market in quite a few years.

Rants About False Recovery in Commercial Real Estate News

Bass Ackwards reliance on "apartment market leads commercial real estate recovery" - apartment values are high-this is true - but because people have been foreclosed on due to loss of jobs, loose financing standards and very low consumer confidence. More tenants in the market does not a recovery make - commercial real estate in almost every other segment is hurting and not recovering - retail tenants are not taking space, office users are not taking space, hotels are very soft - these segments do not tie in with the robust apartment market. And the apartment market is only hot in core areas - not in the vast open spaces where new home developers over built homes and now a 5 year old single family home rents for near what a class A apartment building does in the same area.
We want good news in commercial real estate - but let's look at reality and make better decisions based on that.

Commercial Condos Available for Sale San Jose

8 commercial condo units available for sale in San Jose for industrial users. Spaces available are 6,400 square feet - 12,800 square feet. Each unit has 200 aps @ 480 volt power. 24' clear height. Zoned heavy industrial. Built in 1979 and significantly remodeled in 2008. Offered at $69 per foot.
There are also some very good opportunities to lease in this complex and in others throughout San Jose and greater Silicon Valley.  Call MPIRES group to tour these spaces. This is a great opportunity to buy a bank owned commercial condo in San Jose.

Los Angeles California Commercial Investment Property for Sale

Top 3 deals from the west LA commercial meeting today:

1. 15 bulk condos new construction, fully rented, North Hollywood, great hold then sell in 2-3 years for big upside - $6,500,000.
2. 32 unit apartment in west LA near Culver City, built 1986, no rent control, great value add deal - needs updating - rents $200+ under market per unit - $7.4M
3. Development site approved for 52 apartments + 3,600 retail space, Van Nuys, 26,885 sqft lot, $2,350,000.

 And check out our new Los Angeles Bank Owned Commercial Property for Sale site:

www.bankownedcommercialpropertylosangeles.com  

 and our investment site in LA: www.losangelesinvestmentrealestate.com

Call me for detailed information on these and other investment or development deals.

Silver Creek Valley Country Club Short Sale Home for Sale

There is a wonderful home for sale in Silver Creek Valley Country Club as a short sale. Address is 5233 Pisa Court, San Jose, CA 95138. Offered at a very attractive $1,099,000. 3,480+ square feet on a 9,100 square foot view lot with great valley views from the master bedroom.
Call for a private tour of this short sale Silver Creek Valley Country Club home for sale.

Silver Creek Valley Country Club Short Sale Home for Sale

There is a gorgeous Silver Creek Valley Country Club home for sale as a short sale. It is currently not on the market. Approximately 3,500 square feet, 10,000 square foot lot, 5 bedrooms + den, 3.5 baths, 2 story, upgraded kitchen, paint, flooring, very nice hard-scaped backyard with huge gazebo + outdoor fireplace. Seller is asking $1,100,000 which will require a short sale approval by Bank of America. Please call me for details and a private showing. This is your best opportunity in the Silver Creek Valley Country Club for a very well priced home for sale.

Sunnyvale Bank Owned Duplex for Sale

Here is a turn-key, upgraded, bank-owned duplex in Sunnyvale, California. Both units are ready to be occupied which makes this property perfect for an investor or an individual looking to live in one unit and rent the other. The larger, three bedroom unit, has granite counter tops in the kitchen and bathroom. Both units have private backyards, inside laundry areas, hardwood floors and private garages. As you can see below this property is ready to be occupied and begin cash-flowing!! And with an asking price of $694,900 it is a deal worth looking at. Call us today to set a showing of this great bank owned Sunnyvale duplex.

Starbucks Commercial Single Tenant NNN Investment in West Los Angeles

I like this deal - it's a single tenant NNN Starbucks in a great area with high household incomes and lots of new condo construction nearby. Excellent west Los Angeles county location. The picture is this morning at 8:00am, the place was very active with commuters grabbing their morning grande latte.

6.5 cap rate for 18 months, then a 7.25 cap rate for the next 5 years. Corporate Starbucks signature on the lease. This is a solid asset, perfect for a 1031 tax-deferred exchange or for a direct investment giving you a 5x multiple return compared to the 1.25% in the local bank CD. Call me for details. This Starbucks NNN deal will go fast.

Single tenant NNN investments, Ecuadorian dwarfs & DaVita Dialysis Centers

What do DaVita Dialysis Centers, a tribe of diminutive people in South America and your 1031 exchange into a single tenant NNN property have in common?

Let me start with this, do you remember buying your plane ticket at your local retail center where your trusted travel agent was located? Yes, it's been a while, perhaps some 15 years since they dominated the landscape of retail spaces. Now, you don't go buy a paper ticket next to the Starbucks, you buy it on your laptop at the Starbucks.

Do you remember the more recent local Blockbuster Video store or Hollywood Video store where you walked in a few times per week to rent your VHS (ok, that's too far back, insert DVD for you youngsters). Now on-demand video and Hulu reign supreme.

Were you at the Howard Hughes Center mall last night in the Border's book store which is having a store closing sale? Why this travesty? Think Amazon, Kindle and Ipad magazine e-scriptions.

Ok Mario, what's the theme here? maybe... Technology kills things!

...and it kills things in relation to your commercial real estate investment.

One of the hot single tenant NNN property classes for sale are the dialysis centers that are popping up all over the map - think DaVita Dialysis as the Kleenex in this category. Hundreds of new DaVita centers are being built in local neighborhoods to service the needs of patients with poorly functioning kidneys typically an effect of long term diabetes disease. The investment concept around the sale of these NNN investments is that the centers will be well frequented by their base of committed customers for decades on out.

I was explaining my understanding of this to my muse Julie this morning in the car and she recalled Ecuadorian dwarfs in South America. (please hang on, there is a circular connection coming soon)

Apparently in the last few days, an article was posted about this tribe in the Andes where the genetic make up of the tribe makes cancer and diabetes virtually non-existent. So, the medical research world has invaded the little tribe to find the medical fountain of youth (or at least the fountain of anti-carcinogen) When (not if) this gene is isolated and when the drug company gets FDA approval, some of these ailments will be eliminated or reduced.

I may be overly focused on my favorite group of people - the commercial investors out there - and my concern is that there may be empty DaVita Dialysis centers on the landscape one day in the future - or at least some renegotiated leases because their business will slide.

Therefore, as a suggestion for your next real estate investment move, stay clear of over-valued NNN deals that may not be the hot investment vehicle of the near future. Instead, consider the basics of coffee, the local Burger King and my favorite - Taco Bell - as a healthy investment alternative. In my opinion, as healthy or not as we seem to be becoming, the US appetite will always crave the Whopper.

FHA Increases Monthly MI

On Monday, February 14th HUD announced that in the beginning of April they will be increasing the monthly mortgage insurance by .25 on every loan transaction!

Bay Area Investment Real Estate: Chase Bank single tenant NNN for sale in Chicago suburb

http://en.wikipedia.org/wiki/Lincoln_Park,_Chicago

New for Sale Condo Listing Santana Row with a Balcony!

Just listed for sale in Santana Row's Margo building is one of the best 1 bedroom units available. 736 square feet for a unit on the 2nd floor of the Margo building with a private balcony facing Cocola Bakery. Offered at $320,000 - this is a reasonable price for this location and floor plan. The unit also comes with two parking spaces - very rare upgrade in the 1 bedroom units. Hurry, this unit will not last and a 1 bedroom in Santana Row with 2 parking spaces and a balcony is a rare sight.

New Bank Owned Deals in San Leandro and Hayward

Coming to market soon:

Bank owned, 4,100 square foot new retail building in shell condition on major thoroughfare in San Leandro. Perfect owner user or investor building with multiple doors for various tenant spaces. Good parking with two street entrances. $649,000.

Bank owned, 10 acre parcel in the Hayward hills for 18 home subdivision new home development. Outstanding area amidst other high end home developments. Views from some of the lot locations. Call me for an update on the tentative map approval process which is underway. Price depending on an as-is purchase or after map approval.

Real Estate Services in Silicon Valley and Throughout California

Mario Pinedo & The MPIRES group has been working the real estate marketplace in Silicon Valley since 1991. We help you with residential, commercial and investment real estate. We work within the Keller Williams Cupertino market center. For all of your real estate needs please give us a call and we will put all our resources to your disposal.

Commercial Real Estate. Residential Real Estate. REO. Foreclosure. Bank Owned.
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Chase Bank single tenant NNN for sale in Chicago suburb

I rarely post investment deals outside of California these days but this one looks very attractive. Lincoln Park is one of the most expensive suburbs outside of Chicago. Home prices average $1M+ and household income in the area is over $139,000. Chase is one of the winners in the banking world and this corner location on the main thoroughfare is a great location. Cap rate is 7.03%, $2,125,000 price with $149,336 net operating income. This is a sold 1031 exchange option or straight investment purchase. Call me for details on this quite popular investment opportunity.

Update on Apartment Loans for Bay Area Real Estate Investments

Kari Noomen of Chase Commercial lending spoke to the Bay Area Apartment Brokers Forum last week. Her update included the following rates for apartment loans that she is facilitating through Chase Bank. For an average "B" quality building, the best rates are 5 year fixed at 4.97% with 75% loan to value and qualifying at that rate to a 1.15 DCR (debt coverage ratio). For years in this area, the LTV of 75% was a non-issue since the DCR would cap the amount of loan to a building to 50-60% of the purchase price. Now Kari is actually doing 75% LTV loans because the interest rates are so low. This is a very good time to get solid financing on great apartment assets in the San Jose / Silicon Valley area.

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Bank Owned Santana Row Catwalk Loft Condo for Sale

This is it - a bank owned A-3 model loft condo in the DeForest Building facing Santana Row!
1,250 square feet, 1 bedroom, 1 den, 1.5 bath unit with maple colored cabinets and stained concrete floors. Just hit the market as a Chase Bank owned property. $510,000.

Call Mario at 415-269-6249 to set a showing today.

Call us today to view this property which will sell very fast at this price. This is the condo loft unit you have been waiting for in Santana Row.