Author Archive

Commercial Real Estate declines February 5, 2010

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The Investor’s Marketing Forum (IMF) met this past Tuesday in Orinda. Our moderator Dave Carney facilitated an engaging conversation about the financial state of the commercial real estate economy. Jeff Shaddy of Pacific Capital spoke to share insights as to the amount of debt coming due in the next [...]

Commercial Real Estate Loan Defaults contribute to Bank Failures, January 26, 2010

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A recent article in National Real Estate Investor described the rate of bank failures at an alarming pace. In fact the research firm Foresight Analytics reports that loan defaults are at an all time 18 year high.
As was recently echoed by Brian Pretti of Mechanics Bank, the worst part [...]

Commercial Real Estate Analysis and Group Investors, January 24, 2010

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ANNOUNCING my first meetup for commercial real estate investors! I formed a meetup group on meetup.com called Commercial Real Estate Analysis and Group Investors.

My goal is to share basic commercial real estate principals as they apply to buying commercial property, specifically buying apartments. A brief real estate analysis [...]

Apartment Rents make the news! January 21, 2010

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As owners of commercial real estate, East Bay commercial real estate specifically, you are no doubt aware of market rents and vacancy levels. Recently the trend has been a mild deterioration in rents coupled with a mild deterioration in vacancy. During the last Rental Housing Association of Northern Alameda [...]

Economic Forecast by Brian Pretti, January 21, 2010

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Commercial Real Estate forecasts are always interesting to me, especially when presented by someone not selling a product or service. At the East Bay CREW meeting, 2010 President Tillie Ross of Old Republic Title introduced her guest speaker, Brian Pretti, CFA, CFP and senior Vice President of Mechanics Bank. [...]

East Bay Employment numbers, January 14, 2010

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Jobs, Jobs, Jobs- that’s how we will exit this recession/recovery! Unfortunately, the numbers from the East Bay Economic Development Alliance indicated a protracted stay in this recovery trench. The trend is headed in the wrong direction, thankfully, the total loss of jobs for the East Bay was only 400. [...]

Business Partner comments on Pete’s business approach

“Pete is unique in what he offers to his clients - incredible energy which is focused with precision. The focus is on a robust analysis of investment alternatives which he and his clients develop together; the goal is to make prudent, timely decisions. I have always been honored to be asked to contribute analysis of [...]

Director of Assisted Housing endorses Pete

“I have utilized Pete as a wonderful resource for finding out what is really happening in the local real estate market. He is a dedicated and well rounded professional that can provide a wealth of information and perspective. He is a true industry leader whose opinion I highly respect as well as an earnest industry [...]

Operating Costs continue to rise Dec 22, 2009

Operating costs for Apartment owners will predictably rise in the coming years. A recent San Francisco Business Times article indicates that PG&E is seeking regulatory approval to increase rates by 6+% over the 2010 rates.
Seeking a more fluid rate system, PG&E has asked to charge customers based on changes in payroll, income or property taxes! [...]

Title Company Colleague recommends Pete

“It has been my pleasure to interact with Pete for the past three years. As a fellow member of the Northern California Chapter of CCIM and to be privileged to assist him with commercial title and escrow services with his transactions at his brokerage, Commercial MasterMinds, Pete is the consummate professional, with vast knowledge of [...]

CA jobless total at 2.2 million, Dec 18, 2009

More disappointing news from the SF Business Times. All three urban centers lost jobs lost jobs… Click here to read the full story here: bay-area-job-losses-continue-121809.

To learn more about my background, visit Consult Pete. To learn more about my company services, visit Commercial MasterMinds. I can be reached via email at Pete@CommercialMasterMinds.com or just call (925) [...]

1031 Exchange Accomodator, Teresa Moss, Chicago Deferred Exchange Company

Teresa Moss Fluegel
Chicago Deferred Exchange
3160 Crow Canyon Road,  Suite 200
San Ramon, CA 94583    (877) 448-1031    (415) 596-6749
www.CDEC1031.com
Teresa Moss Fluegel serves as Senior Vice President of Chicago Deferred Exchange Company (CDEC), the nation’s premier provider of IRC Section 1031 Like-Kind Exchange services. She is responsible for providing trust and consulting services to attorneys, accountants, [...]

What’s Driving the Stock Market? NoCal CCIM Meeting December 8, 2009

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An interesting discussion by Todd Weaver, the 2010 Vice President for CCIM Region 2 and President of Synergy Commercial Real Estate, Inc. was enthusiastically received as he spoke about the commercial real estate market conditions. Todd used a simple relation between Net Operating Income, Capitalization Rates and Present Value [...]

California 2010 Recovery and Renewal by Tapan Munroe, PhD December 9, 2009

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The Investor’s Marketing Forum (IMF) held it’s Holiday Luncheon and Marketing meeting at the Orinda Country Club today. It was a sold out event. Tapan Munroe was the guest speaker. Tapan is a past chief economist for PG&E. He served his post longer than any other chief economist.
Tapan suggests [...]

Jobless Recovery November 14, 2009

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Let me begin by saying- there is no such thing. I could think of a few oxymorons to go along with this idea; Larger half    Almost exactly    Genuine imitation     Unbiased [...]

Split Tax role November 6, 2009

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*** RED ALERT – SPLIT ROLL PROPERTY TAX INITIATIVES FILED ***

The following message is from Rex S. Hime, President & CEO, California Business Properties Association- reprinted with permission.

CBPA Board Members and Advisory Board Members
Affiliate Member Leadership (ICSC, BOMA, NAIOP, IREM, CDA, RILA, CCIM)

This is a Red-Alert to let you [...]

OVERPRICED LISTINGS November 3, 2009

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Wow the market has really made a correction! Probably not what a property owner wants to hear- HOWEVER, if you are selling your property wouldn’t it be best to hear that early rather than later?!
So why would a trained professional real estate agent consider taking an overpriced listing? Consider [...]

Two Types of Investor- Informed and UnInformed

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At the October San Jose Aparment Brokers meeting, I ran into Matthew Leek, a financial planner with Ameriprise Financial in San Jose. Matthew shared this analogy with me and agreed that I could blog it as long as I mentioned his name- Thank you Matthew.
Matthew can be reached via: [...]

Cooperating or NOT cooperating Agents October 11, 2009

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Recently, I have experienced on more than one occasion a property listed for sale and the listing agent is not sharing information because there is little or no fee to share. In most cases, the Seller is unaware that their property is being marketed to select individuals only- namely [...]

Bob Kramer, The Foreclosure Specialist, October 6, 2009

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The Northern California CCIM chapter meeting had its share of excellent speakers and presenters this month. Bob Kramer of Robert Kramer & Associates shared his 35 years of experience in representing bidders at Trustee’s Sale. Our attendees were sitting on every word that Bob spoke. Bob averages three to [...]

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