Palo Alto Real Estate News
Real Estate news for Palo Alto, CA continually updated from thousands of sources.
3 hrs ago | via GlobeSt.com
Timberleaf Apartments at 2147 Newhall St. and Alderwood Apartments at 900 Pepper Tree Lane received refinance loans totaling $93 million. The new senior mortgage loans allowed the borrower to lock in historically low interest rates while benefiting from a period of interest-only payments for part of the loan term. Comment?
Friday Aug 28 | via Wall Street Journal
In the San Francisco Bay Area, selling a house is easy. The trick is getting $100,000 or more over the asking price Even in an extreme seller's market like the San Francsico Bay Area, upfront prep work and smart marketing are essential to getting top dollar - and multiple bids - for a property. Comment?
Friday Aug 28 | via SiliconValley.com
These days, Jim Ellis and the realty firm he heads, Ellis Partners, seem to be everywhere, key players in the most robust development markets of the Bay Area. Jack London Square in Oakland, which is undergoing a $400 million revival and renovation; The Pruneyard complex in Campbell; Town & Country Village in Palo Alto; and a big North San Jose office project where tech titan Apple has just leased a huge chunk of space, are all projects being guided by Ellis Partners, whose principal executives are Jim Ellis and his sister, Melinda Ellis Evers. Comment?
Friday Aug 28 | via Palo Alto Weekly
Palo Alto saw eight home sales in this week's edition, with the top price coming in at $3,775,000. Read the rest of the real estate numbers below to see how other Palo Alto-area locations compared. Comment?
Thursday Aug 27 | via AmericanBankingNews.com
According to Zacks, "Campus Crest Communities, Inc. is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing. The Company intends to elect to be taxed as a real estate investment trust. Comment?
Saturday Aug 29 | via Los Angeles Times
As head of the Los Angeles office of global engineering firm Arup, Jon Phillips has a panoramic view of the economy - through his diverse array of clients. When the real estate market crashed in 2007 and 2008, the firm shifted a significant chunk of business overseas to projects in China and the Middle East. Comment?
Saturday Aug 29 | via West Hawaii Today
A 40-year-old Pahoa man believed to be the sole suspect in the slaying of his mother is a lawyer who was allowed to resign from practice in California with disciplinary action pending and later disbarred in New York. Sean Alan Rutledge, aka Alan Frank, was disbarred by the state Supreme Court in New York on Nov. 26, 2013, based on an order by the Supreme Court of California on July 13, 2011, accepting Rutledge's resignation from the practice of law with charges pending. Comment?
Friday Aug 28 | via Los Angeles Times
Prospective home buyer Jennifer Centazzo walks through the dining area of a Westchester home during an open house in December. Prospective home buyer Jennifer Centazzo walks through the dining area of a Westchester home during an open house in December. Comment?
Friday Aug 28 | via WebWire
Foreclosure rates have been steadily decreasing in most parts of the country. According to recent media reports, even with this trend, California still has one of the highest number of completed foreclosure rates in the country. Comment?
Friday Aug 28 | via The Daily Record
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life. The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. Comment?
8 min ago | via Seeking Alpha
Part 1 of this article compares NLY's recent leverage, quarterly and trailing twelve-month change in BV, quarterly economic loss, and current valuation to several fixed-rate agency mREIT peers. Part 1 also performs a comparative analysis between each company's MBS and derivatives portfolios as of 6/30/2015. Comment?
50 min ago | via Seeking Alpha
Avalonbay Communities Inc is a leading owner, developer and manager of multifamily properties in 10 states and the District of Columbia. They mainly operate in coastal cities that have above average population and job growth prospects. Comment?
14 min ago | via West Australian
British mortgage approvals rose in July to hit their highest level since February 2014, Bank of England data showed on Tuesday, adding to signs Britain's housing market is regaining momentum. Mortgage approvals for house purchases numbered 68,764 in July, stronger than expected in a Reuters poll of economists, from 67,069 in June. Comment?
18 min ago | via Counterpunch
In the worlds of insurance and finance, moral hazard is said to exist when one party to a contract or transaction feels free to take undue risks because another party will bear the costs if things go badly. The classic example is an insurance policy that protects against all loss or damage to property, and thus inclines the policy holder to treat the property carelessly, knowing that the insurer will pay in full for replacement or repair. Comment?
38 min ago | via American Reporter
It was Monday evening and the phone rang - again. It was probably the fifth time in two hours. Comment?
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