SAN JOSE, Calif. – Jerry Garrity with San Jose property management company First Statewide Realty says it’s still possible, even in these tough economic times, to maintain a positive cash flow on real estate investments.

As property values fluctuate with regional and macroeconomic factors, he says his investor clients stay in the game through smart investing and expert property management.

“Seasoned investors know that property management services belong in the asset column, not the expense column on the balance sheet. With the right mix of savvy investing and conservative property management, we can keep our clients in the black when others cannot.”

Garrity says the reasons his clients are still able to stay positive is that they have a plan and are sticking with it.

“So many investors try to chase the market up and down, but that’s more like speculation than investing. We help our clients evaluate potential deals to add to their portfolio drawing from our experience in all types of marketing conditions.”

He says that while investors and speculators alike can get discouraged about property values, those who stick with a long term plan with tight controls on expenses will come out ahead.

“We’ve weathered several bull and bear markets in real estate. Consequently, so have our clients. I think that says a lot.”

About First Statewide Realty

First Statewide Realty is a professional San Jose property management company specializing in quality single family homes, condominiums, town houses and other San Jose investment property in the greater San Jose metropolitan area. The company is active in the Cupertino property management business and has been in business for over 21 years, and is a member of the Santa Clara County Association of Realtors, Silicon Valley Association of Realtors, National Association of Realtors, California Association of Realtors, Tri-County Apartment Association and National Association of Residential Property Managers.

Jerry Garrity REALTOR®
First Statewide Realty
20045 Stevens Creek Blvd.
Suite 2-D
Cupertino, CA 95014
Tel: 408-253-1000
Lic#: 01036982
Email: investments@firststatewiderealty.com
http://www.firststatewiderealty.com

Los Angeles, CA – CaliforniaListingAgent.com, a new real estate marketing website focused on the needs of California listing agents has launched its new website designed for agents to get noticed by home sellers.

Agents have long understood that have a large arsenal of listings is the surest way to build a steady flow of real estate busines, whether on the buyer or seller side. Since listings provide a financial incentive to advertise, a larger number of listings generally means the agent is highly visible in the community.

Kevin Harper, owner of CaliforniaListingAgent.com and expert in web marketing and real estate SEO, says the new site breaks new ground because of its powerfully simple concept.

“We’re providing the easiest real estate agent directory out there for home owners to use. It’s literally one page, and every California city can be linked directly to the agent’s website.”

For more information, please contact:

Kevin Harper
CaliforniaListingAgent.com
Top Seller Sites, LLC
13601 W. McMillan Dr.
Suite 102-133
Boise, ID 83731
208-249-8893

 

Sunnyvale, Calif. – Sunnyvale property manager Jerry Garrity says that First Statewide Realty has helped real estate investors keep a positive cash flow on their investments through five recessions. While each recession has been unique, he says they have all been challenging for investors who don’t have their properties managed professionally.

Garrity, who is a long-time expert in property management in Sunnyvale and has been doing business in the Silicon Valley for 21 years, says professionally managed properties have a much great success rate when it comes to actually maintaining a positive cash flow because of the difficulty most private investors make in controlling their costs.

“There is a reason large real estate investment firms use professional property managers—because we know how to run a tight ship when the going gets tough. There are definitely tricks to keeping costs down we’ve learned over the years, and we use that knowledge to help our clients weather the financial storms.”

He says First Statewide Realty has a wide range of clients with both large and small Silicon Valley real estate investment portfolios.

“Smart investors don’t let their properties keep losing money. We take a lot of pride in helping our clients, whether they are seasoned investors or first time investors, learn how to turn their Sunnyvale rental properties into a steady stream of income.”

He says First Statewide Realty has survived five recessions by applying the best property management techniques for its clients.

“We are good at keeping costs low, properties occupied, and rents paid on time. That’s why we are fortunate enough to have clients who have been with us for two decades.”

About First Statewide Realty

First Statewide Realty is a professional Sunnyvale property management company specializing in quality single family homes, condominiums, town houses and other investment property in the greater San Jose metropolitan area. The Cupertino property management firm has been in business for over 21 years, and is a member of the Santa Clara County Association of Realtors, Silicon Valley Association of Realtors, National Association of Realtors, California Association of Realtors, Tri-County Apartment Association and National Association of Residential Property Managers.

For more information, please contact:

Jerry Garrity
First Statewide Realty
20045 Stevens Creek Blvd.
Suite 2-D
Cupertino, CA 95014
Tel: 408-253-1000
Lic#: 01036982
Email: investments@firststatewiderealty.com
http://www.firststatewiderealty.com

Sale reflects renewed investor demand for apartment assets, in the Inland Empire

Sherman Oaks, CA – The Lee & Associates Multi-Housing Investments Group transacted the sale of Montierra Apartments, a 240-unit apartment complex at 1701 E. D St. in Ontario, CA for $35 million in a transaction that further demonstrates that investor confidence has returned to the Inland Empire.

The property was acquired by Jackson Square Properties from Coastal Ontario LLC, according to Jim Fisher, Mike Smith and Craig Stevens, principals at Lee & Associates who represented both the buyer and the seller in the transaction. Built in the mid-1980s, Montierra Apartments is well-located near Ontario International Airport and the Ontario Convention Center.

Although apartment demand rose dramatically beginning in the second half of last year, the relatively swift close of the transaction was a function of the acquisition fulfilling the buyer’s1031 exchange requirement.

“Many investors anticipated the Inland Empire would be a slower market to recover because this market was especially impacted by the recession,” Fisher said. “However a number of transactions have taken place here in the last few months with others in the pipeline to follow.”

The increased demand for apartment assets, along with low interest rates has fueled the volume of apartment investment transactions throughout Southern California.  Savvy investors will continue to turn to apartment assets as their investment fundamentals have outperformed office, retail, and industrial product types through the economic downturn.

“Interest in the Inland Empire has returned faster than many thought” said Fisher. Apartment assets in that market and throughout Southern California are in scarce supply and will continue to be highly sought after as long as attractive financing is available.”

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About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

San Diego, Calif. – San Diego homeowners have the month of April to get their old irrigated lawns removed for a rebate to make way for water-saving artificial turf. San Diego turf installer Scot Wozniak says that owners can save a significant amount of money on the installation of synthetic lawns that don’t require lawn maintenance or water bills.

“In Southern California, it really does pay to be smart about water consumption. In addition to the water-savings rebate, which owners can learn about on our website at www.sandiegolawns.com, artificial turf makes sense in this economy because it saves both water and maintenance costs.”

He says only residential properties can benefit from the rebate, but commercial and institutional properties stand to save even more in the long term because their landscaped areas tend to be larger and require more ongoing maintenance.

“We help schools, commercial properties, churches, and more. Reducing irrigation and landscape maintenance costs can put several hundred dollars a month back into the budget in some cases.”

Wozniak offers a free consultation to help homeowners determine how much money they could save by using the rebate, which is set to expire April 30, 2011.

Carson, CA – Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed on the $5.86 million sale of a 78,486-square foot industrial building located at 2525 El Presidio St., in Carson, Calif., just outside Los Angeles.

Jeff Gahagan and Scott Seal of Lee & Associates-Orange represented an undisclosed buyer. Clint McMorris of Colliers International represented the seller, Charles Tsai. The property, which was built in 1990, includes 6,318 square feet of office space.

“Transactions such as these help lend proof that the Southern California industrial market is thawing,” Gahagan said. “This particular asset represents a good deal for the buyer, because it is positioned between several major freeways, plus the ports of Los Angeles and Long Beach.”

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About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Pacific Palisades, CA – Hamid Soroudi of Charles Dunn Company’s West Los Angeles office has closed on the sale of a 24,258-square-foot multifamily property located at 16070 W. Sunset Blvd. for $8.5 million.

Soroudi represented the buyer, Xenon Investment Corp. The broker of the seller, Acron II (Los Angeles) Partners, was not disclosed. According to Soroudi, the property has not closed yet, however, the buyer has agreed to pay commission prior to closing.

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About Charles Dunn Company

Charles Dunn Company is one of the largest full-service brokerage firms on the West Coast. Established in 1921, the Los Angeles-based company provides a full complement of real estate services. For more information and office locations, please visit www.charlesdunn.com.

 

Brea, CA – Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3.3 million sales transaction for a 32,842 square foot industrial building located at 1545 Moonstone Street in Brea, Calif.

Luke Hudson and Scott Seal of Lee & Associates Commercial Real Estate Services, Inc. Orange represented the buyer, Nail Harmony. Tom Dorman and Ian Britton of CB Richard Ellis represented the seller, Cohen Asset Management, Inc.

About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

LA JOLLA, Calif. — March 7, 2011 — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed on the $7.6 million sale of a .32-acre land parcel at 1030 Pearl St., and 7522-7532 Herschel Ave., in La Jolla, Calif.

Lee & Associates’ Matt Weaver, Patrick Miller and Trevor Jensen of the North San Diego office teamed to represent buyer Zephyr Partners-RE, LLC, in the transaction.

The property is located in Downtown La Jolla, just west of Interstate-5 and about one-half mile away from the Pacific Ocean, next to the La Jolla County Club. It is fully entitled for 24 townhomes. The entire parcel comprises 27,687 square feet and is currently improved with office and apartment buildings.

“This property is in a prime location at the intersection of Pearl and Herschel in La Jolla,” said Weaver, who is a principal in Lee’s North San Diego office. “Zephyr Partners is a strong local company and this project will be extremely successful for them.”

Zephyr plans to demolish the existing structures and hopes to break ground in the next three to four months. The seller, Pearl & Herschel, LLC, was represented by Victor Krebs of Colliers International.

About Lee & Associates

Celebrating 31 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Indiana, Illinois, Indianapolis, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

 

San Diego, Calif. – A turf installation company in San Diego says owners of commercial and institutional real estate like office buildings, churches, and schools can significantly cut expenses by installing artificial turf instead of conventional grass lawns.

The company, San Diego Lawns, helps owners and property managers cut back on landscaping expenses by installing maintenance-free synthetic lawns. President Scot Wozniak says that the larger the property, the more installing his San Diego Turf helps owners save each month on water and lawn maintenance.

“Having great-looking landscape is important to making an excellent first impression for many businesses. What we do is provide a way for owners to keep their lawns green without biting into their checkbooks with lawn care bills.”

He says that using synthetic turf frees commercial and even institutional property owners like churches and schools from the costs associated with keeping the grass green while at the same time guarantees your lawn is always beautiful.

He also says that the long-term benefits of artificial turf are even better. Without the need to water your lawn, you can take out a significant chunk from your water bill. In fact, he says that installing synthetic turf can reduce maintenance and utility costs by over 60%.

“It can take a lot of time and money to have your grass kept looking nice year-round. Artificial turf is the best way to get rid of that problem once and for all.”

Wozniak also points out that as an environmentally friendly alternative to common lawn care services, artificial turf is beneficial to residential and commercial property owners alike.

For more information, please contact:

Scot Wozniak
President
San Diego Lawns, Inc.
1035 Surrey Dr
Bonita CA 91902
619-495-0722
http://www.sandiegolawns.com
scot@sdlawns.com