West
DEAL OF THE DAY: Hendricks & Partners Brokers $325.91/Ft. All-Cash Sale by Bank of Ocean Front Parking Lot for Condo Development
Hendricks & Partners participated in the sale of an ocean front site, located at 305-309 South Ocean Front Walk in Venice, Calif. The ocean front property sold for full price and closed all-cash in 16 business days.
West Coast City Implements Major Smart Water Management System
Santa Clarita is all set to roll out the world’s-largest Smart Water Management implementation.
Southern California Architecture Firm Sees Business Increase
Economists in the U.S. look almost daily for the so-called “green shoots” that could signal a sustained economic recovery.
DEAL OF THE DAY: Marcus & Millichap Arranges Speedy Sale of 8-Unit Apartment Property for $890,000
Rick Raymundo, Elliot Hassan, and Mike Hanassab of Marcus & Millichap Real Estate Investment Services facilitated the sale of an eight-unit apartment property in North Hollywood, Calif. The sales price of $890,000 represents a value of $111,250 per unit.
Owners, Managers Can Now Outsource Revenue Management to YieldStar
Property owners and managers often want to utilize revenue management without having to incur the costs and staffing to support it within their company.
New Study Examines Sustainable Planning Issues
A new report issued by the Partnership for Sustainable Communities discusses the challenges and opportunities presented by sustainable development.
California Awards $3M For Multifamily Energy Retrofits
The state of California has awarded $3 million from the State Energy Program to a partnership of the San Francisco Mayor’s Office of Housing, Enterprise Community Partners Inc. and the Low Income Investment Fund.
INVESTMENTS: Marcus & Millichap Lists California Property for $187,500 Per Unit
Novato, Calif.– Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Oak Grove Apartments, an 88-unit, 75,666-square-foot luxury apartment complex in Novato, Calif. The listing price of $16.5 million represents $187,500 per unit and $218 per square foot.
Washington University Pre-Med Student Wins Broadway Show Tickets Through ForRent.com Contest
Meghan Wright, a 22 year-old pre-med student at Washington University in St. Louis, Mo. recently entered a contest and won tickets to the RENT Broadway show.
Bascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy
The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier.