Office Building for Lease, 2,156 sf, private offices, reception area, kitchen, storage, IT wired, on-site parking.
$2.50 psf modified-gross. Check out link for more information and floor plan.
Wednesday, October 31, 2007
20 Dickerson Lane, Napa | Open House | November 4
216 Old Vine Way | Price Reduced $50,000 | Now $999,000
Five Bedrooms/Three Bathrooms
3,211 sq. ft./0.137 acre/Built in 2002 by O’Brien Group
Lexington at Old Vine Way
This five-bedroom home is on the end of a semi-court (the street narrows and is not for regular use). Open floor plan with a large and expansive kitchen and family room as well as a large living room with high ceiling. The master bedroom is palatial with a sitting area and large master bathroom. You will find this a spacious and open floor plan along with a comfortable rear yard and patio. A surprise hidden storage room off of one of the bedrooms adds to the amenities.
Home prices fall at fastest rate in 13 years
WASHINGTON (MarketWatch) -- U.S. home prices continued to fall in February, with prices down 1.5% in 10 major cities compared with a year ago, according to the S&P/Case-Shiller home price index released Tuesday.
Source: MarketWatch
Real Estate Forum: Another Playing Field
So what is it about the real estate industry that attracts former and current athletes? The reasons run the gamut from wanting to give back to the community via development projects to the ability to transfer the dedication and perseverance needed to succeed on the playing field into the competitive business of commercial brokerage. Senior editor Maria Wood recently reached out to some sports stars to find out more about their journeys to success and why real estate is so attractive as well as the advice they would give to fellow athletes. (Hint: as with any team, it helps to have good partners.) Here's what they had to say...
Source: GlobeSt.com
South Napa up in arms over dirt
The U.S. Army Corps of Engineers could be dumping dirt there for another decade, perpetuating a public nuisance that hurts the domestic tranquility of more than 1,000 people, neighbors say.
Source: The Napa Valley Register
Watch List (Oct. 22-Nov. 3): CRE Headwinds Picking Up Intensity
A Weekly Column of Distressed Commercial Properties, Mortgages, Corporations and Conditions.
This week's articles:
Commercial Real Estate Prices Decelerating
Commercial Construction Will Slip
Correction Could Be Good for the Industry
Corporate Profits Too Will Weaken
Corporate Profits Too Will Weaken
Source: CoStar Group
U.S. real estate: The REIT stuff goes wrong
After outperforming the Standard & Poor's 500 index every year from 2000 to 2006, stocks of real estate investment trusts, or REITs, here may drop as much as 20 percent in the next 12 months, according to Kenneth Rosen, an economist at the University of California.
Source: International Herald Tribune
Tuesday, October 30, 2007
American Canyon aims to buy more water
City officials say that they are looking for sources beyond the North Bay Aqueduct, the state Department of Water Resources facility that provides water to several cities in the region.
Source: The Napa Valley Register
Redevelopment plans bring out hopes, fears
...If redevelopment works as proposed, blight will be remedied voluntarily, LaLiberté said. Without the flood threat, property owners will be more willing to upgrade their holdings. The city will also make loans and grants available for improvements, she said...
...Over on Juarez Street, a young man, a drywaller by trade, was standing in his front yard, preparing to barbecue chicken. "I love Napa, but it's changed so much I can't afford to raise my four kids here," he said. The man, who declined to give his name, said he was moving to Redding where the cost of living was cheaper. He can't afford to live in a Ritz-Carlton neighborhood, he said...
..."It's like turning into Los Gatos or something"...
Source: The Napa Valley Register
Friday, October 26, 2007
Become a Landlord (Without Losing Your Shirt)
The cooling real estate market makes it oh-so-tempting to snap up an investment property. Here's a tip: wait! Before you act, know these six rules to avoid financial and emotional ruin.
Source: The Boston Globe
Subprime Fallout Will Cost U.S. Billions
There were some pretty scary statistics swirling around Capitol Hill on Thursday as the Joint Economic Committee (JEC) released a report attaching dollar figures to the impact of the subprime mortgage fallout...
Source: Mortgage News Daily
Thursday, October 25, 2007
Calistoga revels in its ruggedness
St. Helena has become a mecca for boutique shops and traffic jams, Yountville reigns as an elite dining destination, and Napa aspires to a chic cosmopolitan vibe. But rugged Calistoga, which sits atop a network of geothermal springs, is where folks build fantasy castles, soak in hot volcanic mud and enjoy food and wine that fit a workingman's budget...
Source: US Today
New Listing | 20 Dickerson Lane, Napa | $649,000
Three Bedrooms/Two Bathrooms
1,477 sq. ft./0.17 acre/Built 1995
- New Stainless Steel Appliances
- New “hand-honed” birch hardwood floors
- New carpet in bedrooms
- New bathroom flooring
- Professionally installed landscaping
- Upgraded recessed lighting
- Private, shared driveway
- Patio in rear yard
- Mature redwoods
- New fencing
- Vaulted ceiling
- New paint throughout
- RV access available
- Wainscoting in hallway
- Upgraded bathroom fixtures
- Walk-in closet
- Upgraded maple kitchen cabinetry
- Air conditioning, ceiling fans
- Automatic landscape irrigation\
- Concrete tile roof
- Cleared roof & pest control reports
- Secluded, private setting
2008 Commercial Real Estate Forecast Looking a Bit Cloudy
The commercial real estate industry has put on a brave front, but signs of pessimism about the coming months are increasing...
Source: Retail Traffic
County mulls mandatory sprinklers
Burden on homeowners prompts compromise call for cost analysis
Source: The Napa Valley Register, David Ryan, Register Staff Writer
Checking in on downtown hotel project
First street site cleans soil, gets new name, preps for spring ‘09 launch
Source: The Napa Valley Register, Jennifer Huffman, Register Business Writer
Falling real estate could cost up to $4 trillion: report
Real estate wealth is expected decline anywhere from $2 trillion to $4 trillion...
Source: Reuters
Wednesday, October 24, 2007
Grubb & Ellis: Slowing Economy Should Temper Commercial Real Estate Market in '08
We should see slower economic growth in 2008, but probably no recession.
Source: Commercial Property News, Eugene Gilligan, Senior Hotel Editor
Real Estate Investors and Agents Decry Short-Sale Process
Nearly everyone remarked on the perceived inflexibility of lenders on price and the amount of time, paperwork, and aggravation involved in getting a short sale approved - or even rejected.
Watch List (Oct. 21-27): Bankers Eye View of Commercial Real Estate
A Weekly Column of Distressed Commercial Properties, Mortgages and Corporate News
Source: CoStar Group, Mark Heschmeyer
US home sales fall to fresh lows, glut of unsold homes rises
US existing home sales fell 8.0 percent in September as a persistent housing slump continued to weigh on the property market and the world's biggest economy, an industry group said Wednesday.
Source: AFP
Past Mortgage Problems Show Up in Home Sales
Regional Breakdown
South: existing-home sales declined 6 percent in September to an annual pace of 2.05 million, and are 18.7 percent below a year ago. Median price: $174,400, down 5.5 percent from September 2006.
Midwest: existing-home sales dropped 7 percent to an annual rate of 1.19 million in September, and are 16.2 percent below September 2006. Median price: $170,700, up 1.4 percent from a year ago.
West: existing-home sales fell 9.9 percent in September to a level of 910,000, and are 27.8 percent below a year ago. Median price: $308,900, which is 8.8 percent lower than September 2006.
Northeast: existing home sales dropped 10 percent to a pace of 900,000, and are 13.5 percent lower than September 2006. Median price: $261,700, up 0.5 percent from a year ago.
Source: Realtor Magazine Online/Daily Real Estate News
Urban Land Institute ranks Phoenix No. 9 in U.S. for real estate opportunities
The report gives its top ratings to Seattle, New York and Washington. Those metro areas are followed by Los Angeles, San Francisco, Boston, San Diego and Denver. Rounding out the list after Phoenix are Houston, Miami, Chicago, Atlanta, Dallas/Fort Worth and Philadelphia.
Source: Phoenix Business Journal
Monday, October 22, 2007
Commercial properties shrug off crunch
Credit market woes have barely dented the office-space market, which has been supported by strong leasing. But the lack of demand for securities backed by commercial mortgages could put a lid on deals.
Source: Financial Week, Frank Byrt
Vallejo pushes forward on development
Seven million square feet to become available at Mare Island project.
Source: North Bay Business Journal, Jeff Quackenbush, Staff Reporter
Marin and Napa office markets tighten
Sublease space coming back online in wake of residential real estate-related fallout.
Source: North Bay Business Journal, Jeff Quackenbush, Staff Reporter
Cost segregation equals opportunity for commercial market
Provision allows you to recoup cost faster.
Source: The News-Press
U.S. commercial real estate braced for tougher 2008
"This credit crunch has created this sense of fear in the market place, and the big question for 2008 is: How big will the hurt be?"
"Although the fundamentals of commercial real estate remain relatively healthy, the problems in the residential lending market made all borrowing more expensive and drove highly leveraged buyers from the market."
"Respondents said they believed investment prospects for warehouse and distribution centers and apartments would be good, while that of retail properties would be fair."
Source: Reuters
Commercial Real Estate Loans Tighten Up
"Commercial real-estate developers are having to provide about 25 percent of equity financing, up substantially from the 10 percent to 15 percent permitted before a severe credit crunch compelled lenders to adopt a more conservative posture a few months ago."
Source: AP
Bustling commercial real estate market slows, but avoids housing market woes
Credit crunch may soon effect commercial real estate.
Source: CantonRep.com
Saturday, October 20, 2007
AmCan senior center costs outpace budget
$1.4M to renovate old police station into a senior center.
Source: Napa Register, KERANA TODOROV
This is a great use for this building located within a residential area. I am sure the senior citizens of American Canyon have hopes the City locates grant money for the renovations.
Burt
County makes key transit center buy
NCTPA to pay $3.4 million for site at Sixth and Burnell
Source: Napa Register, KEVIN COURTNEY
This is probably a new record for land within the City of Napa, $48.78 per square foot. Yes, there are a mixture of buildings on the site, but they will all be scraped as the buildings have no value for the proposed development. Looks like Bell Trust struck a good deal with the County of Napa and there is more to come.
Burt
Friday, October 19, 2007
St. Helena's Duckhorn Estates Closed Escrow
Up and Down the Wine Roads With George Starke
Source: St. Helena Star, George Starke
Thursday, October 18, 2007
Planners discuss eco-village's impact on St. Helena
Read about Angwin's "eco-village."
Source: By Jesse Duarte St. Helena Star
Residents fear Soscol redevelopment plans
Voices echoed at city council session
Source: By KEVIN COURTNEY Napa Valley Register
This is an important development for Napa. Get educated and stay involved!
Burt
Wednesday, October 17, 2007
Tuesday, October 16, 2007
Sunday, October 7, 2007
Land use showdowns headed for '08 ballot
Be sure to vote on issues on the next ballot.
Source: Napa Register
Saturday, October 6, 2007
Bel Aire Plaza unveils new plan to control flow of traffic
Everyone has their ideas on how to fix the parking problem. Here's mine: Realign the street and spaces to eliminate the street going through in a straight shot. The street in essence would be in a circular pattern with two entrances on the north portion and two on the south portion and parking in the center of the circle.
Source: Napa Register