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Charles Dunn Company Opens Office in Glendale - Earthtimes (press release)
09.02.09
LOS ANGELES - (Business Wire) Charles Dunn Company Inc. announced today the opening of its new Tri-City office at the Glendale Galleria office tower in Glendale, Calif. The opening completes the company’s presence in every major sub-market throughout the Greater Los Angeles area. Located at 100 West Broadway, this office will focus on the Tri-City (Glendale, Burbank and Pasadena) and San Gabriel Valley office markets. William Boyd, a former executive vice president and managing director of another national commercial real estate services firm, has been tapped to spearhead the operations as a senior managing director. He’ll be joined by fellow senior managing director Linda Lee, a former vice president of the same former company’s office services group. “The opening of this office complements our plan to have a strong presence in the key markets throughout the Los Angeles and Orange County areas,” said Dennis Slattery, senior managing director of Charles Dunn Company. “Bill Boyd has been a well-recognized leader in our local commercial office arena. Under his guidance, Bill and his team give us an incredible amount of strength and experience in the Tri-Cities and San Gabriel Valley markets that will provide our firm with a launching pad for an unprecedented presence in the Tri-City market.”
Source: Earthtimes (press release), UK
Real estate inLos angeles (glendale/ La creascenta) prices!!!!!!?
Sep 01, 2007 by ando | Posted in Renting & Real Estate
When will real estate prices DROP in Los angeles (glendale/ La creascenta
I want to buy a house or a townhouse
Thank you
If you haven't noticed, prices are dropping as we speak. Check with your local banks in the areas that you want to live in and ask for the foreclosure list. The banks want these properties off their lists bad. They will usually bargain and help you out with loans as well.
Right now many owners are in denial and still listing their homes at prices that are no longer realistic. Keep looking. Good prices are out there.
Traveler | Sep 04, 2007
is Real Estate Funding Solutions in Glendale,AZ a scam?
Aug 12, 2007 by sharon o | Posted in Renting & Real Estate
A John R. Tellez sent me an info package on creative real estate strategies and funding sources. Main office is in Pennsylvania 714 746-6862. He saids the mastermind behind these creative strategies is Manny Protopapas, a Real Estate Acquisition Specialist since 1989 help people with credit problems obtain their own homes and investment properties in as little as seven days working with him through his exclusive "Real Estate Acquisition Program". You need no credit, no co-signers, no partners, no loans, no banks, and no red tape and free one-on-one consultation.
Of course it's a scam - haven't you been reading about the mortgage crisis - it's these companies that are killing the economy.
Honestly, if you had a way to make a billion dollars, would you "help the little man for free" - oh come on - they make more of their money selling you all of these "consultations" and the rate of success is <1% - you're do better to put it on 00 at the roulette wheel.
girlwhoknowsitstrue | Aug 12, 2007
Real estate in Glendale,CA?
Sep 29, 2006 by SupraTTHeaven | Posted in Renting & Real Estate
I live in Glendale,CA and the houses here are off the charts. the prices reach very high degrees of money amounts. Are there any realtors out there that can tell me if it is going higher or lower?
California Housing Market
Southern California housing market is already in negative territory. So, we don't need address it separately.
Let's talk about the San Francisco Bay area.
SF Bay area housing market is going through the early stage of correction. It is likely to take a couple years to resolve.
During 1990's there were times when housing market in SF Bay area went negative. It started in 1990 and sellers, who entered the market at that time, had to wait until 1997 to unload their property with a gain.
Today, in 2006, we are in the early stage of another housing correction . Please see this page:
http://www.viewfromsiliconvalley.com/id157.html
The "Year over Year" medium price for San Mateo is -3.0%. If we consider inflation, then that is -6.5%. Because inflation tops 3.5%. For Santa Clara county, the gain dimished to 0.8%. That is lowest ever in the past 5 years. If we count inflation in our valuation, then it is -2.7%.
In addition, sales volumn drops dramatically, which means high end properties garnished most of sales, keeping the medium price high. While less appealing properties stays on the market longer and longer.
Inventories build up as sales down. Inventory for single family grew to 2222 units in July from 1500 in January this year. Condo inventory grew from 658 to 841 units by July from January. Why is inventory growing while summer is suppose to be a good selling season.
It is true that Silicon Valley is less sensitive to high rates, because engineers have more income. I doubt they can escape the correction though. They certainly didn't during dot-com in 2000 bust.
How much will real estates drops in Silicon Valley?
Housing market continues to slump. Now we can calculate true value of a property easily. As price decline, we don't need to guess and factor in the potential price appreciation while calculating home value. Without the guesswork, figures are more accurate.
Let's use following example:
Today, a typical 15 years old, two bedrooms condo/townhouse is priced around $500,000 and $550,000 in Sunnyvale, California. Rent for similar condo/townhouse is $2000/month.
If you are a home owner, $2,000/month in rent means $20,000 a year in profit ($24,000 per year in rent, minus $4,000 maintenance costs). A $20,000 income is equilevant of owning $400,000 bonds or CDs, because current yield of 30 Years U.S. treasuries are 5% (5% of $400,000 is $20,000). Bank CDs have similiar yields.
In our example, the two bedrooms condo/townhouse is 20% to 25% overpriced. They should be priced at $400,000.
It is interesting to note that if we redo the calculation from buyer's perspective instead of seller's perspective, the figures are even more shocking.
Mortgage payment consists of two parts: mortgage interests and mortgage principal. The interests portion is similar to rent. If you pay interest, it disappears and doesn't add equity to the property. To fully simulate characteristics of renting, we assume buyer will apply for a zero down, interest-only loan.
It turns out that rent of $2000/month is equivelant to mortgage payment of a $340,000 loan at 7.0% APR. And comparing $340,000 loan to $500,000 or $550,000 price tag, from buyer's view, the two bedrooms condo/townhouse is 30% to 35% overpriced.
One may ask, why is there a discrepancy between two perspectives of the buyer and owner?
The discrepancy is a result of 2% differences in interest rate that buyer borrow comparing to yields of bonds and CDs that owners would get. We understand that buyer would always pay more. That is the premium of buying to own. However, looking from home owner's perspective, current housing market is probably 20% to 25% overpriced. We recommand investors to wait for a better entry point.
Price is what you pay for value. | Sep 29, 2006
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