homesmillbrae.com » Renovation

Seeking the Bay Area’s prettiest outdoor potties

Tue, 03 Sep 2013 18:42:24 +0000

Real Estate Deals of the Year nominations open

Thu, 29 Nov 2012 15:46:21 +0000

Charlie Malet of Shorenstein, which won the Real Estate Deal of the Year in 2011 for its lease with Twitter, stands outside Market Square.

Emily Fancher
Senior Editor- San Francisco Business Times

Which Bay Area real estate deals and projects caught your eye in 2012? Any memorable, bold office purchases? How about a huge, complex lease transaction or a beautifully designed medical research building?

The San Francisco Business Times is asking the real estate community to nominate the biggest, best and most complex deals and projects of 2012 for our annual Real Estate Deals of the Year Awards. Projects and deals throughout the Bay Area are eligible to win.

The categories include housing, office, retail, RD, health, renovation, hotel, restaurant, public/cultural, infrastructure and industrial. The paper will feature the winners in a special publication to be published March 22, 2013, and at an awards gala in March.

Click here to fill out a nomination for the 2012 Real Estate Deals of the Year.

Click here to fill out a nomination for Real Estate Dealmaker of 2012.

The deadline for submitting entries for this year’s competition is 5 p.m. on Friday, Jan. 4, 2013.

Questions? Feel free to email me at efancher@bizjournals.com.

Emily Fancher is a senior editor at the San Francisco Business Times.

Follow Your Favorites with My News

My News is a way to create a customized news feed based on companies and industries that matter to you.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/11/real-estate-deals-of-the-year.html

Terreno Realty Leases in Florida

Thu, 29 Dec 2011 22:23:07 +0000

Terreno Realty Corporation (TCO) recently announced that it has leased approximately 166,000 square feet of space at its industrial building in Miami Lakes, Florida. The lease includes an option of extending it for an additional 24,000 square feet within 13 months. As of December 31, 2011 the facility is expected to be approximately 94% leased.

Presently, Terreno Realty is in the process of renovating the building. The major changes in the existing manufacturing facility include new loading positions, roof and lighting along with renovation of the offices and a new truck court.

Terreno Realty recently acquired an industrial property in Hayward, California, for approximately $7.6 million. The strategic move on the company’s part is aimed at enhancing the quality of its portfolio.

San Francisco-based Terreno Realty owns and operates industrial real estate properties primarily in six major coastal markets of the U.S. These include the high barrier-to-entry markets of Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington D.C./Baltimore.

Each of the locations where Terreno Realty has a significant presence is characterized by a well-established transportation network – seaports, airports, highways and railways that are essential for the swift distribution of goods. In addition, available land in these markets is scarce, resulting in steep barriers for the development of new and competing properties.

Terreno Realty currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, DCT Industrial Trust Inc (DCT) has a Zacks #2 Rank, which translates into a short-term Buy rating.

Read the full analyst report on TCO

Read the full analyst report on DCT

Article source: http://www.zacks.com/stock/news/67084/Terreno+Realty+Leases+in+Florida+

MTC Ignores Pending State Audit and Approves Real Estate Speculation Deal

Fri, 30 Sep 2011 07:51:45 +0000

The Metropolitan Transportation Commission (MTC), with a 10 – 6 vote decided to move forward with the $179 million acquisition and renovation of an office building in San Francisco. MTC Commissioners immediately went into a closed door session and began private negotiations for the real estate deal.

In response, Senator Mark DeSaulnier (D-Concord), Chair of the Senate Transportation and Housing Committee, issued the following statement:

“MTC is disconnected from those they serve,” said DeSaulnier. “By refusing to await an independent review by the State Auditor, today MTC became a prime example of what is wrong with government. MTC needs to be held accountable for their use of toll payer money. I am also concerned that if MTC is spending reserve revenues for this acquisition, there may not be sufficient funds available for an emergency.”

“MTC has not demonstrated an immediate need to spend $179 million of toll payer funds on a building in San Francisco,” said DeSaulnier. “After MTC’s behavior I plan on introducing comprehensive legislation next year to drastically overhaul regional governance in the nine county Bay Area region. Government needs to be more transparent and responsive to the people they serve.”

The Senate Transportation and Housing Committee will also hold hearings this fall to examine MTC’s governance structure and statutory scope of authority. The Committee’s review may include but not be limited to the following: (The State Auditor is also scheduled to examine much of this.)

How did the MTC AdHoc Committee (charged with making a recommendation to the Commission on this deal) do its research to make its recommendations? Did it meet in public? If not, why not? As the Committee took an official vote, was the AdHoc Committee governed by the Brown Act? If so, how did the AdHoc Committee comply with the Act?
The promise MTC made with voters to spend excess toll proceeds for transportation improvements: Is it legal and appropriate for MTC/Bay Area Transportation Authority (BATA) to spend toll revenues on the purchase of an office building?
Should the Commission have sought legislation to amend the law to provide the authority for this deal? The Legislature regularly analyzes changes in law to provide specific statutory authority for real property acquisitions and disposal. Why didn’t MTC/BATA seek such authority for this project and the creation of the Bay Area Headquarters Authority, where it could be fully vetted and debated in public?
Where did MTC/BATA get the $179 million available for this project?
Are there projects that will not be built because MTC/BATA is tying up toll revenues for decades to pay off bonds issued to finance the building?
If there are no projects to spend this money on, doesn’t that imply that the tolls are too high and can be lowered?
If these are bond proceeds, does that mean MTC/BATA issued too many bonds and are keeping tolls unnecessarily high to support them?

Give us your opinion on this issue….

Article source: http://www.sfgate.com/cgi-bin/blogs/incontracosta/detail?entry_id=98585

Falling Mortgage Rates Spur Serial Refinancing

Tue, 07 Jun 2011 20:54:18 +0000

Page 1 of 4 | Next Page
Show Entire Article

Andrew and Peggy Sheren can’t resist a good deal, especially when it comes to financing their McLean, Virginia home.

“We’ve gone from an interest rate from something like greater than 6 percent down to the lowest interest rate we currently have is three and an eighth percent,” Andrew remembers. They have refinanced their home four times in four years, taking equity out only the first time for a renovation, but essentially cutting their interest rate in half.

Negative economic reports of late have pushed the rate on the popular 30 year fixed to below 4.5 percent, the lowest this year and just about a quarter percent off the 50-year lows we saw last summer; adjustable-rate products are even lower. When investors see bad economic news, they pull money out of the stock market and park it in bonds. The price of bonds goes up, the yield goes down, and mortgage rates follow down.

Page 1 of 4 | Next Page
Show Entire Article

Bernanke Admits Economy Slowing; No Hint of New Stimulus

Fed Easing ‘Miserable Failure’ That Risks Depression: Bove

OPEC’s Oil Production Game: What to Watch Out For

Apple’s Amazing Growth: Stock Up 3,000 Percent in Past Decade

Many US Employers to Drop Health Benefits: McKinsey

More Top Stories

Article source: http://www.cnbc.com/id/43308687?__source=RSS*blog*&par=RSS