Commercial Real Estate Group

THE US GREEN BUILDING COUNCIL WANTS YOUR INPUT

THE US GREEN BUILDING COUNCIL WANTS YOUR INPUT  more...

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BRAVO TO WARREN BUFFETT

BRAVO TO WARREN BUFFETT

Kudos to the richest man in the world, and noted philanthropist Warren Buffett. Berkshire Hathaway, company chaired by Warren Buffett, has bought portfolios of subprime mortgages and frozen their rates.

Buffett, who spoke at Berkshire Hathaway’s annual meeting, said Clayton Homes, a unit of Berkshire that makes and provides financing on manufactured homes, purchased the subprime mortgages. Clayton sent letters to all the borrowers involved telling them the interest rates wouldn’t reset higher.  more...

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CONGRESS WANTS COMMERCIAL BUILDINGS TO GO GREEN

CONGRESS WANTS COMMERCIAL BUILDINGS TO GO GREEN

Today’s interesting statistic… buildings account for 29 percent of all carbon dioxide emissions, according to Andy Ehrlich, senior vice president of B&D Consulting, a national advisory and advocacy firm.

Ehrlich spoke He spoke to commercial practitioners at the Commercial Legislative and Regulatory Subcommittee at the National Association of Realtors’ Midyear Meetings.  more...

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SOCAL OFFICE PROPERTY SALES UPDATE

Office Property Sales Update

“We’re seeing no significant changes in vacancy rates or rent growth, so the fundamentals in commercial real estate still seem to be respectable,” notes NAR Chief Economist Lawrence Yun. “Under normal circumstances, near-full occupancy coupled with positive rent growth would be of strong interest to investors, but we’re not seeing that. The credit crunch has filtered into the commercial real estate market.”  more...

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