| |
Alameda County Multi-Family Newsletter
As the real estate market slowly climbs out of one of the worst drops in
history, investors and managers are reconsidering strategies for success.
Many are beginning to realize that to succeed they need to go back to the
basics of real estate investing. While financial implements are still
critical to the process, more traditional tools of the trade: a hammer,
paintbrush and good contractor have joined them. Gone for now are the days
when making huge profits in real estate involved nothing more than a
financial transaction. Savvy investors have embraced a back-to-basics
approach that provides a way to stay strong in a difficult economy and
proactively maintaining their properties is a key part. Although it seems
counterintuitive, in a time of stretched budgets, there is a renewed
emphasis on capital expenditures with tenants being attracted to buildings
that offer nicer living quarters. Buildings are continuing to sell and what
we are seeing on our side is a flight to quality buildings.
Building owners are feeling more comfortable with values, and
seeing now as a good time to list buildings. In the past 30 days, the Pinza team
has listed three buildings: two mixed use buildings, and one gorgeous. 6 unit
apartment building. If you currently own property, it is always a good time to
receive a professional estimate of value or an evaluation of your investment
strategy. Please call or email me, or a member of my team, immediately to
discuss this or any other questions you may have.
Steve Pinza
(510) 844-3653
spinza@kilpatrickandcompany.com
Recent News Articles
Institutions Favor Real Estate Over
Stocks, Survey Finds
National Real Estate Investor
Institutional investors are quickly recovering from the recent meltdown in
the U.S. property markets, pushing aside investments such as stocks and
recommitting to commercial real estate and other alternative investments
such as infrastructure.
Read More...
2010 Real Estate Investment Outlook
National Real Estate Investor
After a quiet year of investment sales, buyers are preparing to forge ahead
with acquisitions in 2010. Two-thirds of investors (65%) who responded to
the 6th Annual Investment Survey plan to boost their investment in
commercial real estate over the next 12 months. That fi gure is up from 56%
in the third quarter and 51% a year ago. The exclusive survey is produced
jointly by National Real Estate Investor and Marcus & Millichap.
Get Your ‘A’ Game On
MHN Online
The multifamily industry is certainly feeling
the effects of increased competition. It’s hard to imagine anything you
would want to invest in these days, but smart money places its bets on
creating opportunity with cosmetic improvements.
Whats Happened to the Distressed Multifamily Market?
MHN Online
It’s no surprise that the recession forced
many multifamily property owners to reassess their portfolios. One would
have expected that the market would have a goodly proportion of foreclosed
multifamily properties, or their notes, to be disposed of and available to
savvy investors, and in some cases that is exactly what has happened.
Frustrated Investors Eye Better Acquisition Market in Second Half
Multifamily Executive
A dearth of quality assets is fueling cap
rate compression in many major markets as investors line up to bid on the
cream of the crop.
What Recession? Young Developer Delivers First Project Despite the Odds.
Multifamily Executive
Fewer units are coming online these days, but
one development newcomer in Southern California is determined to defy the
odds. The 27-year-old just completed his first mixed-use deal and has begun
work on a second.
Join the Rental Housing Owners Association!
|
|
|
|
Steve Pinza
Alameda County Sales Associate
(510) 844-3653: Direct
(510) 926-8771: Mobile
|
Quinn Berg
Alameda County Sales Associate
(510) 844-3662: Direct
(925) 765-2996: Mobile
|
3645
Grand Ave, Suite 303
Oakland, CA
94610
Steve Pinza's Current Listings
|
833
York St.
Oakland, CA
6 Units
$1,450,000
|
|
27033
Belvedere Ct. Hayward, CA
|
21750 Vallejo St, Hayward, CA
10 Units
$999,000
|
|
In Contract!
5424 Saint Mark,
Newark, CA
|
|
140
Leland Ave. San Francisco, CA
|
Hillcrest View Apts
Antioch, CA
64 Units
|
Also Available:
Pristine 20 Units in Downtown Hayward. 7.52% CAP, 7.98 GRM
Also Available: 8 Unit Property in
Prime San Leandro Location. Seller Financing Available.
Also Available: 22 Units in San
Leandro. 7.6% CAP, 8.5 GRM.
Call For More Details!
Just Sold
|
658-736 Memorial Way
Hayward, CA
32 Units
$2,200,000 |
207 Hathaway Court
Hayward, CA
10 Units
$1,225,000 |
2050 Alameda Ave
Alameda, CA
8 Units
$1,490,000 |
|
|
