Wednesday, July 29, 2009

AIR Commercial RE Contract Class

If the title doesn't mean anything to you, just skip this post. However, if you know what AIR Commercial Real Estate Contracts are, then read on.

The Northern California Chapter of CCIM (Silicon Valley District) is presenting a AIR Commercial Real Estate Contract class on Friday, November 6, 2009 @ the Santa Clara County Association of Realtors. (Click on the title for more information or to register.) The last time this class was offered in Northern California was in November of 2007.

This all day class will be conducted by two leading real estate professionals and an attorney from AIR and will include lunch and an opportunity to network. If you use the AIR Contracts and would like to understand them better, this is the class for you. (Of course, I will be attending.)

Your comments are always appreciated. Thanks for reading.

Monday, July 27, 2009

San Jose Retail Space Available for Sublease

Approx. 3,600 sf of open area retail space is now available for sublease until February 28, 2012 @ $6,600 ($1.84 psf) a month NNN .

The space is located with a Lucky Supermarket on one side and a CVS Drug Store on the other side. There is a good mix of Tenants with Wells Fargo Bank, Payless Shoes, Kiddie Academy, Trek Bikes and Subway Sandwiches. There is easy access to Highway 87 and Capitol Auto Mall and Home Depot is just down the street.

If you're interested or would like more information, please send me an email.

Your comments are always appreciated. Thanks for reading.

Wednesday, July 22, 2009

Do You Twitter?

Okay, I confess. I've been ignoring my blog because I've started to twitter (micro-blogging) and I've added a Facebook page (but that's for another blog).

I will admit that 140 characters limit in Twitter does limit what I can say, but on the other hand, it does keep me more concise. I use to be a mechanical engineer, so being concise is easier for me than being verbose.

Having the ability to retweet (forwarding someone else's tweet to the people that are following you) and being able to see the people that are following you (instant gratification) are both pretty cool.

Do you twitter?

Your comments are always appreciated. Thanks for reading.

Friday, July 17, 2009

CCIM CI101 Coming to San Francisco

NCalCCIM is bring CI101: Financial Analysis for Commercial Investment Real Estate (it's flagship course) to the Embassy Suites in San Francisco from September 21 - 25 (click on the title for additional information and to register).

This class starts the designation program and is being taught by two of the most popular instructors, William Mohr, CCIM (CCIM Instructor of the Year) and Mark Van Ark, CCIM. It will provide you with an array of financial analysis concepts and calculations needed to make sound commercial investment real estate decisions.

Your comments are always appreciated. Thanks for reading.

Tuesday, July 14, 2009

CCIM Intro Class Coming to Oakland

Here's another shameless plug for a CCIM class presented by the Northern California Chapter of CCIM and Oakland Association of Realtors

CCIM’s world-renown Introduction to Commercial Investment Real Estate class comes to Oakland at the Oakland Association of Realtors (1528 Webster St, Oakland, CA) on September 16-17 (Click on Title for more information).

This 2-day course, taught by Bill Mohr (CCIM's Instructor of the Year), addresses Cap Rates, APOD, NOI, IRR and the Time Value of Money.

Register by September 4 and save $45. Refer a student and get a free NCalCCIM luncheon (worth $35!).

Your comments are always appreciated. Thanks for reading.

Tuesday, July 7, 2009

NCalCCIM July 14th Luncheon, Mentoring & Marketing Meeting

Well, it's that time again (and I don't mean the Baseball All-Star game). Time for me to put in a plug for the NCalCCIM July 14th Luncheon Meeting. (Click on the title to register.)

Location:
Four Points Sheraton, 5121 Hopyard Road, Pleasanton
Agenda:
9:00 AM Technology Session
10:15 AM Mentoring Session: National CCIM Roundtable with Ed Craine, Bob Rosenberg and David Saldivar
11:15 AM Marketing Session
12:00 Noon Luncheon Program - "What You Need to Know About Lease Workouts" with Byron Mellberg and Sblend Sblendorio of Hoge, Fenton, Jones & Appel.

We will explore lease workouts, what types are there, how are they structured and what happens when the tenant explores bankruptcy.

Your comments are always appreciated. Thanks for reading.

Friday, July 3, 2009

Update - Sunnyvale Town Center

I just saw an article in the Silicon Valley/San Jose Business Journal on the Sunnyvale Town Center (Click here for the complete article).

It doesn't look good for the Sunnyvale Town Center as the developers have failed to meet the June 24 deadline to repay the $108 million loan. The developers continue to try and work out something with the lenders, so that the center can be completed.

Target and Macy which own their own stores continue to remodel their stores with plans to open them later in the year.

Your comments are always appreciated. Thanks for reading.

Thursday, July 2, 2009

Bay Area Apartment Brokers Forum - July 8, 2009

If you've read my previous posts on this meeting, you know that I highly recommend this forum for anyone that is interested in the South Bay multi-family business (even though I don't attend it every month).

It's early this month because of the way the month broke, so make sure you get it on your calendar.

Group: Bay Area Apartment Brokers Forum
Guest Speaker: Joshua Howard - Executive Director, California Apartment Association
Topic: Why Politics Matter 2009
Date: Wednesday, July 8, 2009 - 8 AM
Place: First American Exchange Company, 1737 North First St., San Jose - 4th Floor
Breakfast: Continental Breakfast - no charge - First American Exchange
Chairman: Richard Domich - CB Richard Ellis, Inc.
Vice Chairman: Keith Suddjian - Cornish & Carey Commercial
Membership: Kari Noomen - WaMu - J. P. Morgan Chase
Sponsor: Paulo Sanchez - First American Exchange
Adjournment: 9:30 AM

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. (For me, sometimes this is the most interesting part of the meeting.)

Your comments are always appreciated. Thanks for reading.