Friday, April 29, 2011

Hudson & Marshall foreclosure auction to feature 27 Triangle homes - St. Louis Business Journal:

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The Triangle auction, conducted by auction companyh , will be held on at 1 p.m. at June 27 in the Hiltojn North Raleigh, 3415 Wake Forest Road. All of the homes in the auction will besold “as-is.” Buyers who wish to inspecgt properties before bidding may view homes durinh an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinf the listing agent foran appointment. Propertyy and listing agent information is available onHudson & Marshall’s Web www.hudsonandmarshall.com. All homes come with titlse insurance paid for bythe sellers. Winning bidders will be required to make a cash or certifier check depositof $2,500 for each property. 826 Carter Ave.
101 Wake St. West, Dunn; 1526 Park Place, 605 Grantland Drive, Raleigh; 911 Lancaster St., Rockyy Mount; 2521 Friedland Place, Unit 203, 2312 Lindmont Ave., Durham; 740 North Whitde St., Wake Forest; 3033 Slocomb Rd., Linden; 400 Charlottde St., Roanoke Rapids; Tract 3 Redding Road, Oxford; 5724 Greenpine Cedar Grove; 700 South Roxboroo St., Durham; 100 Waymon Way, Clayton; 210 Barnea St., Fremont; 400 Melton Road, Rocky Mount; 104 Jonew Court, Princeville; 260 East Front St., Clayton; 11223 Raleigh Road, Four Oaks; 313 Madduz Drive, Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurcj St.
, Raleigh; 3233 Gold Dust Willow Spring; 5526 Spring House Lane, Chapel 2515 Moores Mill Road, 301 Fox Park Louisburg; 303 St.,

Wednesday, April 27, 2011

New home sales fall 0.6% nationwide - Denver Business Journal:

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percent across the country in May, as buyer s shied away from newly constructed homexs at a time when so many existingg homes are on the The Commerce Department reportedr Wednesday that May new home salesa declined to a seasonally adjustedc annual rateof 342,000, a 32.8 percent drop from May 2008. The drop followeds a 2.6 percent increase in sales in April to a seasonallg adjusted annual rateof 344,000 homes, whic h was only the second sales gain in the past nine New home prices continued to decline with the median new home prices down to $221,600, 3 percent lower than in April.
The declining price of new homeas is the one markeft condition shared by existing homes whose average pricesw declined almost 17 percentin May. Sales of existingg homes, though, have been climbing 2.4 percent in May for the sixth advance in the past ten The existing home market has become a focus ofmany bargain-hunting buyerx with the increase in steepl y reduced foreclosed homes for

Sunday, April 24, 2011

Is Randy Wolf Simply Regressing to the Mean? - Milwaukee Journal Sentinel (blog)

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Kansas City Star


Is Randy Wolf Simply Regressing to the Mean?

Milwaukee Journal Sentinel (blog)


Through the first two starts by Randy Wolf, it was difficult to say the wheels had f »

Friday, April 22, 2011

Livermore

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million and plans to move its headquarters from its previouw location in Hacienda Business Park in The $40 million first phase of the development comprisee 16 buildings totaling 102,000 square feet and was completee last December. Units ranger in size from 3,600 to 13,200 square The project’s developer, Livermore-based Realty Partners, expects to starft construction on the second phased once the first phase is mostlysold out. Another two buyeras are in escrow.
“In contrast to a condominiumn development, where you’re buying a piece of a largee building, these are individual which makes them unique tothis area,” said John a broker with in Pleasanton who represented Darim and ExTerra. Brokerz Jim Peterson and Andrew Zink ofCornish Carey’s Pleasanton office also workedc on the deal. The site is near the interchange of Interstate 580 andHighway 84. Montevinaa was designed by San Ramon-basedf architecture firm Ware which incorporateda Tuscan-style look to matcuh the site’s vineyard-infused landscape. The development features variousoutdoor areas, including bocce ball courts and a hiking trail around the property.
Formed in 2005, ExTerraq specializes in acquiring and developing industrial andofficer projects. “We are excited to land Darim, a worldwidr leader in video communication, as the firsgt owner-user at Montevina,” said Mike Parker, managinf partner of ExTerra. “The Tri-Valley has becomed a hotbed for small business proliferatio by virtue of proximity to an outstanding labor pool as well asthe world-clases corporate and research facilities here.” The markeyt is down but tourin activity is on the rise. That is the messagwe from , which is seeing more tenants testing the wateras inSan Francisco.
Colliers says there are 124 tenants with activew requirements inSan Francisco, representing a total of 3.6 million squard feet of demand. In the past 30 the market hasseen 646,000 square feet in new according to Colliers. Out of the tenants huntiny for space, 12 are from out of town. If they sign it would represent 103,000 square feet of positivwe growth. “It’s surprising how many tenantd we are seeing all ofa sudden, especially from said Tove Nilsen, research director at “There might be opportunities here now for less money than you can get spacde for out there.
” In an effort to change the way contractors reduced greenhouse gas emissions, and Climate Earthu plan to develop a database that will traco the emissions released from construction projects and their materialzs supply chain. The partnership will allow San Mateo-based Webcor, its clients and designers tochoose materials, design patterns and buildinyg methods that are known to reduce carboh footprints. Andy Ball, president and chief executiveeof Webcor, said the databasr provides a strategic way to measure a project’as environmental impact.
“Our partnership with Climate Earth will complement other well established green rating systems and allos us to more comprehensively view and affect the impacyt ofconstruction projects,” he said. Climatr Earth will quantify how much greenhouse gas is emitted throughouyt the supply chain of materialdincluding mining, manufacturing and transportation. “The green building standardd in use today are mostly focused on the efficiency and performancre of a building once it is saidAndrew Deitz, vice president of San Francisco-basecd Climate Earth. “Webcor is changing the conversation within thebuilding Chinese-medicine college rejuvenates S.F.
lease The renewedx its 11,000-square-foot lease at 555 DeHaro St. in San Francisco. The deal was a renewak and expansion for the which also has a clinic located at 455Arkansas St. The Potrer o Hill area tends to attract smaller so this is a large deal for that saidBryan Courson, a broker with NAI BT’s San Francisclo office who represented the tenant with Jennifer Essner. Seven-unit building changes hands for $2.2M , a real estatde investment services firm, arranged the sale of a seven-unif apartment building at 3042Sacramento St. in San The property sold for $2.2 millionb to a local investor.
Brokersw James Devincenti and Brad Lagomarsino ofMarcus & Millichap’ws San Francisco office represented the buyer and

Wednesday, April 20, 2011

Caltrain crash investigation continues; congressman remembers victim as a ... - San Jose Mercury News

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Fox 59


Caltrain crash investigation continues; congressman remembers victim as a ...

San Jose Mercury News


Goldblatt's friends mourned her death this week and remembered her as a hardworking political organizer who could be both warm and tough. "She was a very dear friend," US Rep. Andre Carson, D-Ind., said in an interview Tuesday. ...


Caltrain crash victim aided the needy

San Francisco Chronicle



 »

Sunday, April 17, 2011

GE Credit takes back Monument III - Washington Business Journal:

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The 193,138-square-foot building on the Dullezs corridor transferredto Inc. The recordefd "sale" price was $50.6 million, or $262 a squaree foot, despite carrying $51.8 million in outstanding A joint venture of ThePraediuj Group, a New York-basedc real estate investment firm, and MGP Real Estatw of Bethesda paid $54.09 million, or $284 a square foot, in mid-2007 for the At the time of the 2007 sale, the buildinv was only 27 percent leased. It is now more than 80 percentr leased. Tenants include and . The building is the thirdr of four Monument office buildings and sits inthe 94-acre mixed-use Worldgatwe complex.
The project, designed by Davis Cartee Scott, was developed by a partnershipoof D.C.-based Monument Realty with and was completed in early 2007. Monument and Apollo sold the building to Preadiunand MGP.

Friday, April 15, 2011

Franchiser finds home is where the junk is - bizjournals:

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Jay Montgomery, owner of the 1-800-GOT-JUNK? franchise in Denver, could have panicked when he noted a decrease in the numbef of scheduled jobslast March. Instead, Montgomer shifted his company’s attention from servicing the residentiall market to raising income from the commercial which at the time accounted for 20 percen t ofhis franchise’s “Brian, our founder, always viewed our company as a residential company,” Montgomergy said. “Yeah, he did commercial opportunities when they were but not allthe time. What if?
Why not try In 1989, an 18-year-old university student namede Brian Scudamore foundedthe company, then called The Rubbish in Vancouver, British Columbia, Canada. It’s grown to includwe more than 300 franchise locationsin Australia, the United Kingdom and the Unitecd States. Colorado is home to two 1-800-GOT-JUNK? locations, with the other based in Montgomery opened his franchise in September starting with one truck andthree employees. he has six trucks and a dozen workers coveringh theDenver area. “The trucks, that’s the key,” Montgomery “They’re the billboard. The more truckws moving, the better.
” As more trucks emblazoned with the compan logo began roamingaroune town, requests from Denvedr residents to have their unwanted junk carted off Between 2004 and 2008, the numbee of annual jobs increased more than 200 from 875 to 2,700. But they started decreasing as the recession kicked in. “Last October, that’s when I started thinkinvg something isdefinitely wrong,” Montgomery “With our business, I can’rt just take a snapshot of one montn and hit the panic button. It took a few months becausse we’re also seasonal. We do more business in the summet than we do in the deadof winter.
” Unsurde if the slowdown was a result of the economy or simply the regular seasonal lull, Montgomery decided to wait untipl spring to make any changes. By March, it becamd clear that business wasn’t picking back up. For the firsyt time since he boughtthe franchise, revenue from $950,000 in 2007 to $900,000 in 2008. And the averages size of jobs hadgotten smaller. The franchis e charges based on Priorto 2008, the average job was betweenj one-third and three-eighths of a truckload. In jobs decreased to between one-fourteentjh and one-sixth of a truckload. “In March, we typically jump up, but we Montgomery said. “So I knew I had to get I had todo something.
” Rather than rely only on direct-mail advertisements or coupons to drum up business as before, Montgomerty decided to focus his energy on commercial clients. “I know there’s opportunitiex there in thesehuge 20-, 30-story he said. “There’s junk in therd that they need to getrid of.” High-ris e office buildings constantly have tenants moving in and out or replacinyg large furniture, meaning they’re sure to have itema that were headed for the Montgomery said. He saw an opportunityy to make up for the decline in residentiao jobs by aggressively marketing his compant to potentialcommercial clients.
That meant getting to know property managers, whom tenants turn to when they want to dispose of unwanted items. Montgomeryh printed out a map of downtown marked off sections and started visiting a quadranfeach Wednesday. He made sure propertyg managers had his contact information and knewthe company’ s rates. His operations manager, Paul was doing the same in the DenverfTech Center. Yarwood, who has worked with Montgomeryysince 2003, set out with a plan to stop by each buildingf during the first two weeks of the month and introduce “I found out quickl y that the first two weeks of the monthn is the worst time to talk to a property manager,” Yarwood said.
He found more successw by meeting with them later inthe month. Preoccupie property managers were butone obstacle. Simple such as where to park the truck or how to get itemsw out ofthe building, were more involvef than residential jobs.