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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
San Francisco Office Market Still Strong
Posted on 06/01/2007 12:46:59 | Link | Post Comment
Tearing down to build up
from the Arizona Republic, reports that since 2005, more than 50 demolition permits have been issued in the Arcadia area where developers are buying up older homes and tearing them down to build large, modern homes. Some residents fear that this trend will change the character of the charming Arcadia area with its 1950's era homes.
Part of the appeal of the Arcadia area are the larger lots, the close in location and the great views of Camelback Mountain. As a result of its superior attributes, the median price for new and existing homes in the zip code that covers Arcadia and some adjacent neighborhoods rose 150 percent between 2001 and 2006 to $500,000. Arcadia homes typically sell for over $1 million. Today's buyers want a more open layout rather than the collection of compartmentalized rooms in a typical ranch style home, said Shawn Bellamak, an Arcadia resident and real estate agent. A good acre in Arcadia costs $1.8 million or $1.9 million, said Scott Pfeiffer, president of Sonora West Development. Look for this trend to continue in Arcadia, Paradise Valley and parts of Scottsdale.
Trulia Charts the Past:
Trulia Hindsight is the latest web mashup launched by the real estate search engine Trulia, which allows you to see how cities or towns grow over time. Other mashups from the Trulia team have included Truliaholic and plotornot.com.
Office Markets in San Francisco, Silicon Valley Stage a Comeback
from the WSJ, reports that with technology hot again, these areas are sizzling. Plus, a former railway site in Milan is set for a $2.5 billion redevelopment.
Commercial Real Estate Update:
There is no question that investment in non-residential structures is still strong. As an example, from the Orange County Register: Commercial real estate still roars. - The construction spending report yesterday showed that private non-residential construction investment was still very strong in April. And investment in non-residential structures for Q1 was revised upwards in the GDP release today. Both reports confirmed what we already knew - CRE is booming.
The Big Picture provides Some More Housing Charts
Housing Bubble and Real Estate Market Tracker From SA for 6/1
from the Arizona Republic, reports that since 2005, more than 50 demolition permits have been issued in the Arcadia area where developers are buying up older homes and tearing them down to build large, modern homes. Some residents fear that this trend will change the character of the charming Arcadia area with its 1950's era homes.
Part of the appeal of the Arcadia area are the larger lots, the close in location and the great views of Camelback Mountain. As a result of its superior attributes, the median price for new and existing homes in the zip code that covers Arcadia and some adjacent neighborhoods rose 150 percent between 2001 and 2006 to $500,000. Arcadia homes typically sell for over $1 million. Today's buyers want a more open layout rather than the collection of compartmentalized rooms in a typical ranch style home, said Shawn Bellamak, an Arcadia resident and real estate agent. A good acre in Arcadia costs $1.8 million or $1.9 million, said Scott Pfeiffer, president of Sonora West Development. Look for this trend to continue in Arcadia, Paradise Valley and parts of Scottsdale.
Trulia Charts the Past:
Trulia Hindsight is the latest web mashup launched by the real estate search engine Trulia, which allows you to see how cities or towns grow over time. Other mashups from the Trulia team have included Truliaholic and plotornot.com.
Office Markets in San Francisco, Silicon Valley Stage a Comeback
from the WSJ, reports that with technology hot again, these areas are sizzling. Plus, a former railway site in Milan is set for a $2.5 billion redevelopment.
Commercial Real Estate Update:
There is no question that investment in non-residential structures is still strong. As an example, from the Orange County Register: Commercial real estate still roars. - The construction spending report yesterday showed that private non-residential construction investment was still very strong in April. And investment in non-residential structures for Q1 was revised upwards in the GDP release today. Both reports confirmed what we already knew - CRE is booming.
The Big Picture provides Some More Housing Charts
Housing Bubble and Real Estate Market Tracker From SA for 6/1
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