Happy Holidays!
I'm at that lull between Christmas and New Years, so I'm going through my backlog of Silicon Valley/San Jose Business Journals.
I noticed a blurb that mentioned the Fresh & Easy expansion in Northern California has been delayed indefinitely. They were planning on opening 18 stores throughout the Bay Area during 2009 with one each in Sunnyvale, Mountain View and Hayward and two in San Jose, but not any more. No dates were given in regards to if and when these stores would be opening.
I guess the current economic situation has hit these guys as well as Whole Foods.
Your comments are always appreciated. Thanks for reading.
Tuesday, December 30, 2008
Tuesday, December 16, 2008
Professional Brokers' Forum to Continue
I had written last week that due to SB 133 the Professional Brokers' Forum (PBF) was being discontinued.
Well, finally some good news. I received an email and PBF is going to continue. (I'm happy to see it back since it was the first brokers' forum I started attending when I started in Commercial Real Estate.)
Ron Ricard of IPX Investment Property Exchange Services, Inc. (a 1031 exchange company) is going to be the new co-sponsor along with the current (and long time) co-sponsor Peter Kline with the law firm of Miller, Morton, Caillat & Nevis.
The first meeting of 2009 will be February 12, 2009. I'll forward on the particulars when I get them.
Your comments are always appreciated. Thanks for reading.
Well, finally some good news. I received an email and PBF is going to continue. (I'm happy to see it back since it was the first brokers' forum I started attending when I started in Commercial Real Estate.)
Ron Ricard of IPX Investment Property Exchange Services, Inc. (a 1031 exchange company) is going to be the new co-sponsor along with the current (and long time) co-sponsor Peter Kline with the law firm of Miller, Morton, Caillat & Nevis.
The first meeting of 2009 will be February 12, 2009. I'll forward on the particulars when I get them.
Your comments are always appreciated. Thanks for reading.
Tuesday, December 9, 2008
California Senate Bill 133 & Professional Brokers' Forums
I heard about Senate Bill 133 (click on the Title for a copy of the bill) a couple of weeks ago when I attended a seminar given by a Title Company. They mentioned that things were really going to change with SB 133 in terms of what they could provide as a sales person.
I didn't give it much thought until yesterday when I received an email from Brad Wheeler of Chicago Title informing me that they were going to have cancel their Professional Brokers' Forum (PBF) effectively immediately. I've been attending the PBF since I started in Commercial RE and have always found it informative and appreciated Brad's insight on the market.
I'm really going to miss PBF, so thanks Brad for all those years.
The questions are how is SB133 going to effect the other meetings/forums that are sponsored by Title Companies and what, if anything, is going to fill the void?
Your comments are always appreciated. Thanks for reading.
I didn't give it much thought until yesterday when I received an email from Brad Wheeler of Chicago Title informing me that they were going to have cancel their Professional Brokers' Forum (PBF) effectively immediately. I've been attending the PBF since I started in Commercial RE and have always found it informative and appreciated Brad's insight on the market.
I'm really going to miss PBF, so thanks Brad for all those years.
The questions are how is SB133 going to effect the other meetings/forums that are sponsored by Title Companies and what, if anything, is going to fill the void?
Your comments are always appreciated. Thanks for reading.
Friday, December 5, 2008
Square Feet Commercial Real Estate Blog
I just added this blog to my Technology & Real Estate links. (Click on the title to go there directly.)
I started checking out this link a couple of months ago. Originally, I thought it was the SJMN real estate blog (which as since become defunct. IMHO a big mistake by the SJMN.) It's really grown on me and I have it on my Google Reader list. It always seems to have the quickest and most accurate updates on what's going on in Silicon Valley.
Comments are always appreciated. Thanks for reading.
I started checking out this link a couple of months ago. Originally, I thought it was the SJMN real estate blog (which as since become defunct. IMHO a big mistake by the SJMN.) It's really grown on me and I have it on my Google Reader list. It always seems to have the quickest and most accurate updates on what's going on in Silicon Valley.
Comments are always appreciated. Thanks for reading.
Wednesday, December 3, 2008
NCalCCIM Dec 9th Holiday Luncheon Meeting
Here I am shilling for the Northern California Chapter of CCIM again. This isn't your typical meeting because there's no guest speaker. It's just a chance to relax and network. (Please click on title to register.)
Singer, songwriter and actress Antonia Venezia and her keyboard accompanist will add a festive note to the annual Holiday luncheon meeting at which the new directors are sworn into office and 2008 volunteers are recognized by President John Shaw.
There will be no Mentoring Session this month. However, preceding the luncheon meeting at 10:30 AM will be a Marketing Session and a CCIM Candidate Portfolio Workshop, held concurrently. (These workshops were very helpful to me when I was putting my portfolio together. If you're thinking of submitting your portfolio by January 27, 2009, you should probably attend.)
The meeting will be held at the Four Points Sheraton, 5121 Hopyard Road, Pleasanton, CA.
Your comments are always appreciated. Thanks for reading.
Singer, songwriter and actress Antonia Venezia and her keyboard accompanist will add a festive note to the annual Holiday luncheon meeting at which the new directors are sworn into office and 2008 volunteers are recognized by President John Shaw.
There will be no Mentoring Session this month. However, preceding the luncheon meeting at 10:30 AM will be a Marketing Session and a CCIM Candidate Portfolio Workshop, held concurrently. (These workshops were very helpful to me when I was putting my portfolio together. If you're thinking of submitting your portfolio by January 27, 2009, you should probably attend.)
The meeting will be held at the Four Points Sheraton, 5121 Hopyard Road, Pleasanton, CA.
Your comments are always appreciated. Thanks for reading.
Monday, December 1, 2008
Bay Area Apartment Brokers Forum
This is one of my favorite forums, even though I don't specialize in Multi-Family. If you want to know about what's going on in the Bay Area Multi-Family market, you need to go to this meeting. There's a lot of insight and experience here (and they're willing to share).
(Please note that there has been a change in location.)
Group: Bay Area Apartment Brokers Forum - Established 1986
Guest Speaker: Robert Meyer, CCIM, MBA-Principal, Realty Exchange Solutions
Topic: Tenant-In-Common Industry Overview 2009
Date: Wednesday, December 10, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose -4th Floor
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 KayKennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco - First American Title
Adjournment: 9:30 AM
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. (This is my favorite part. How often do you get brokers like Richard and Keith sharing their insights?)
(Please note that there has been a change in location.)
Group: Bay Area Apartment Brokers Forum - Established 1986
Guest Speaker: Robert Meyer, CCIM, MBA-Principal, Realty Exchange Solutions
Topic: Tenant-In-Common Industry Overview 2009
Date: Wednesday, December 10, 2008 - 8 AM
Place: First American Title Company, 1737 North First St., San Jose -4th Floor
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 KayKennedy - First American Exchange
Sponsor: Joe Campi - First American Title
Sponsor: Paul Monaco - First American Title
Adjournment: 9:30 AM
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. (This is my favorite part. How often do you get brokers like Richard and Keith sharing their insights?)
Your comments are always appreciated. Thanks for reading.
Answer - Whole Foods on Blossom Hill Road
Here's the answer to my question on the status of the Whole Foods on Blossom Hill Road from the current issue of the Silicon Valley/San Jose Business Journal.
Harry Mavrogenes, head of the San Jose Redevelopment Agency, saids that the construction of the two South Bay stores will be delayed and the size of the stores will be scaled back, but that "They are not stopping. They will stop work now, but they still intend to open."
The Blossom Hill Road store's opening has been pushed back from 2009 to 2010 and the store will now be 50,000 sf instead of 70,000 sf.
The Downtown area store's opening date has been pushed back to 2011 and the store will now be 36,000 sf instead of 40,000 sf, but will lose the rooftop parking.
Your comments are alway appreciated. Thanks for reading.
Harry Mavrogenes, head of the San Jose Redevelopment Agency, saids that the construction of the two South Bay stores will be delayed and the size of the stores will be scaled back, but that "They are not stopping. They will stop work now, but they still intend to open."
The Blossom Hill Road store's opening has been pushed back from 2009 to 2010 and the store will now be 50,000 sf instead of 70,000 sf.
The Downtown area store's opening date has been pushed back to 2011 and the store will now be 36,000 sf instead of 40,000 sf, but will lose the rooftop parking.
Your comments are alway appreciated. Thanks for reading.
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