Selective Commercial Real Estate Investing is Key in 2013 Says Off Market Association


San Francisco, CA (PRWEB) March 14, 2013

In the new commercial real estate environment, it is crucial that investors take an active and selective stance when making investment decisions, says President of the Off Market Association, Terry Robinson. In markets across the globe the key phrase concerning commercial real estate investments is now the best versus the rest. This has resulted from the marked difference in performance between tier 1 markets and the rest of the commercial real estate environment as investors focus on location, asset size and income quality.

We are finding that many investors have been surprised by the changes in the commercial real estate markets since 2008. Conversely, these dramatic changes in terms of yields, innovation and cash flows have presented attractive opportunities for those investors who are able to change their mindset regarding commercial real estate investment, said Robinson.

Consider how polarized real estate performance has been over the past 5 years. In the U.K., the best shopping centers have seen a 22 percent increase in value in the past 3 years, while second tier centers and lower have seen a 10 percent drop in their values. U.S. shopping centers are seeing similar results, with small neighborhood malls declining in value since 2008 while the larger malls in prime locations have returned 15-30 percent returns in 2012.

This trend is not limited to shopping centers either. Office space has been a noticeably weak performer in the recovering commercial real estate market, however locations such as New York, Washington, Paris, London, and Munich have all seen a recovery in prices and vacancy rates. Many second tier markets have seen little recovery since 2008.

Do commercial real estate investors need to be concerned? Clearly the job recovery is weak, businesses are changing the way in which they operate in order to maximize profits, and banking is still reluctant to lend money and support business. Shopping centers and office complexes are seeing historically high vacancy rates, and while this is improving, it is doing so at a slow pace.

While this may seem to be negative, it just means that investors need to take an active role in property selection and be more selective than ever in choosing their investments, says Robinson. Working with those who understand the trends in their cities, such as Off Market Association members, can help as can looking for innovative ways to participate in commercial real estate.

About The Off Market Association

The world is changing and has changed. Old ways of doing business dont always apply. The Off Market Association (OMA) brings a new, exciting and visionary way to do business to all our members.

OMA uses a cutting edge technology and platforms, a deal desk, and extensive contacts across the US for commercial real estate transactions, bank note sales, small business advising and SBA loan services. The OMA is affiliated with Sunovis Financial and Genesis Capital to provide investors with access to capital and quick financing.







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More Sunroom Customers Over Past Six Months Choose To Match Roofing of Home, Says President of Venetian Builders, Inc., Citing Better Economy, Low Interest Rates


MIAMI, FL (PRWEB) February 22, 2013

More people who expand their homes with aluminum sunroom additions have been choosing to match roof materials to those on the original home, said Christopher Noe, president of Venetian Builders, Inc., Miami, commenting on a trend hes seen develop over the past six months.

Sunrooms can stand safely and weather tight with just their insulated roofing panels, Noe said. Many homeowners go that route simply because its the most affordable way to get all-season square footage. But increasingly, especially over the past half-year, buyers of sunroom installations are asking us to match the roofing on their home.

The advantage of matched roofing is purely aesthetic, Noe said.

Go to a gallery of quality sunrooms and youll see that if a roofline is continued over the sunroom, matching roof materials makes the end result appear as one unit, not an addition, Noe said. If the roofline is separate, matching the clay tiles or other roofing materials still makes the sunroom look like it belongs.

What Noe expects to see is a decision by more patio room customers, not just sunroom buyers, to match roofing materials.

The buyer of, say, a Miramar patio enclosure typically has a lower budget than the buyer of a Boca Raton sunroom, Noe said. But with the advances in insulated all-weather patio enclosures, homeowners are discovering that adding enclosed patio room living space is affordable, and they have money left in their budget for roof matching.

Citing reports from census.gov, Noe notes that Americans moved more in 2012 than in 2011, but still at historically low rates. The longer stays are combining with improving real estate markets to increase equity.

To get the space they need, homeowners are adding on, Noe said. Its cheaper than buying a bigger house and paying closing costs and moving charges.

The time from permitting to occupancy on an aluminum-frame addition is shorter than for traditional construction methods, Noe said, adding convenience.

Low interest rates make additions more affordable, he said. Bankrate.com recently reported the average rate for a home-equity line of credit was 5.03 percent.

Go to an online loan payment calculator such as ihsloans.com and youll see that a $ 25,000 loan would cost just over $ 265 a month with a 10-year payoff, Noe said. Thats doable for many homeowners who have been in their homes a while and built up equity.

Venetian Builders installs sunrooms, patio enclosures and strong but elegant screen pool enclosures in West Palm Beach, Weston, Wellington, Davie, Miramar, Fort Lauderdale, Deerfield Beach, Boca Raton, Miami, Homestead and all communities nearby. Venetian Builders estimates are free, detailed and written.

For more information, call Venetian Builders, Inc., 866-596-2427.







Chinese Drywall Complaint Center Says Obama’s Worst Foreign Policy Failure Isn’t Libya it’s Families in Florida & Virginia Stuck in Toxic Chinese Drywall Hell – Help Wanted


(PRWEB) October 22, 2012

The Chinese Drywall Complaint Center has been referring to imported toxic Chinese drywall as the Toxic Chinese Drywall Disaster for over two years. Based on their inspections of subdivisions, condominium projects, and or town home developments they estimate there are about 200,000 homes that contain toxic Chinese drywall in Florida, Alabama, Mississippi, Louisiana, and Southeast Texas. There are also well over a thousand homes in Virginia that contain toxic Chinese drywall. The Chinese Drywall Complaint Center is calling the Toxic Chinese Drywall Disaster the worst disaster for US homeowners ever, because of the extremely corrosive gasses being emitted by this building product. The Chinese Drywall Complaint Center says, “Talk to any air conditioning repairman in Florida, and ask him about how corrosive toxic Chinese drywall is-when it comes to copper air conditioning coils. Our number one worry is, and always has been if toxic Chinese drywall is corrosive enough to eat through a copper air conditioning coil in about a year-what is it doing to the health of the people who live in these homes? Why has President Obama failed to mention toxic Chinese drywall one time in public since taking office? Why has President Obama failed to publicly demand the Chinese government pay up for the damages caused by their toxic building product? After four years we do not even have a meaningful remediation protocol from the EPA on how to fix one of these homes? How does President Obama have a campaign slogan like Forward-when he has so miserably left so many people behind?” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says the following items need to happen with respect to the toxic Chinese Drywall Disaster immediately:

“The Toxic Chinese Drywall Disaster always required leadership. To date there has been none. President Obama needs to immediately task the US EPA with coming up with an ironclad remediation protocol to repair a toxic Chinese drywall home. If these homes cannot be 100% repaired – with safety being the number one concern for current, or future homeowners – these homes should be bulldozed.”
“Banks, and Fannie Mae need to stop selling toxic Chinese drywall homes-AS IS. There needs to be an immediate moratorium on the resale of any toxic Chinese drywall home foreclosure until the US EPA establishes if these homes can be repaired.”
“At the present time the government of China will not take responsibility for their Taishan toxic Chinese drywall product in federal courts. This specific type of toxic Chinese drywall is in over 100,000 US homes in Florida, Virginia, and the extreme US Southeast. Many to most of these homes are now foreclosures. We believe the government of China should be forced to set up a trust account with a court appointed administrator to handle claims from homeowners who have lost it all in one of these toxic homes. This claims process should also include Fannie Mae, and banks that are now stuck with toxic Chinese drywall home foreclosures. Why should the US taxpayer, and or bank shareholders have to pick up the tab for a toxic building product made by a state owned Chinese drywall factory? ”
“President Obama of late is frequently saying leave no one behind. One of the settlements involving a privately owned toxic Chinese drywall maker only includes about one in twenty victims. We believe the Justice Department should get involved, in concert with the US EPA in order to make sure no victim of toxic Chinese drywall gets left on the curb holding the bag for what always was a foreign policy disaster that required leadership, a sense of urgency, and transparency.”

The Chinese Drywall Complaint Center will continue to do everything possible to call attention to the Toxic Chinese Drywall Disaster for US homeowners, their families, and the US taxpayers. The group believes something needs to change with respect to the Obama Administration’s handling of this disaster. http://ChineseDrywallComplaintCenter.Com

(United States District Court-Eastern District of Louisiana MDL Case #2047)







Vi Pavlicevich San Francisco Real Estate Expert: SF Assessor Says Property Values Going Up

San Francisco, CA (PRWEB) October 08, 2012

Vi Pavlicevich, San Francisco real estate expert blogs that San Francisco Assessor-Recorder Phil Ting stated that the raise in property value in the City is one of many indicators that the real estate market is rebounding. Pavlicevich states: Because San Francisco has the most expensive apartment rental market, if you can afford to rent, you can definitely afford to buy.

New property developments and technology sector jobs have contributed to the rising property values. It is estimated that the boost in assessed values will likely add $ 10 million of additional tax revenues, which signals a strong San Francisco economy. The City is expected to have the second-biggest year in commercial real estate sales more than $ 5 billion.

Also noted is the increase in prices of luxury homes in the Bay Area, which presents much needed optimism since the real estate market bust in the 2000s. According to the First Republic Prestige Home Index, the average luxury home sell price in San Francisco is now at $ 2.67 million.

Phil Ting also gives credit to the decreases in the number of underwater homes? when mortgages exceed the home value throughout California. San Francisco County has the lowest number of homes with negative equity, at 14.0%, as the rates in surround counties, Alameda and Contra Costa, are over 30.0%.

While the news of higher home prices might scare off future homebuyers in the city, San Francisco still holds the most expensive apartment rental market. Buying makes even more sense now because rent payments can equal mortgage payments, without the accompanying increase in equity.

And interest rates are at all-time lows. As of October 4, the latest report from the Mortgage Bankers Association shows that the average rate for a 30-year fixed-rate mortgage declined 9 basis points to 3.45 percent in the last week. At the same time, the purchase application volume increased 4% and the refinance application volume increased 20% over the same period.?

Inventories in the desirable condominium market are up from last month, and time on the market has decreased. This adds up to a real estate market that is heating up.

Many indicators make it easy to arrive to the conclusion that the San Francisco real estate market is improving, and is drawing in savvy buyers to take advantage of the favorable market.

About Vi Pavlicevich San Francisco Real Estate Expert

Vi Pavlicevich, real estate agent at broker ClimbSF, is known for her understanding of the San Francisco real estate market and being a staunch advocate for her buying and selling clients. Her website http://sanfranciscorealestateexpert.com contains the latest information on events that affect the market, as well as the newest listings in the desirable waterfront condominium developments. Click on Chat Live! to reach Vi directly.







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