Category : Commercial Real Estate

Commercial Real Estate

Newport Beach Sees Commercial Projects Scrapped

Orange County Commercial Real Estate Projects Have been canceled

2017 was an interesting year for commercial real estate in Orange County and one that brought a lot of promises with it. However, there were also some major disappointments. Indeed, in Newport Beach, there had been plans for two very large-scale projects. Had they been completed, they would have delivered hotel developments, new retail facilities, and luxury housing. However, local residents protested and even threatened with lawsuits, forcing the Newport Beach City Council to drop the plans.

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Commercial Real Estate

New Options For Commercial Real Estate Sellers In Orange County

there are many new options for commercial real estate sellers in orange county

If you are someone who wants to sell a piece of commercial real estate, there will be a lot of things on your mind. However, two things are of particular importance, being, firstly, that you can sell for the best price and, secondly, that the property sells as quickly as it possibly can. To achieve this, you need to put a good selling strategy in place. Naturally, there are numerous strategies around that you can use to increase your chances of success, and good investors will have had an exit strategy in place since first buying the piece of commercial real estate.

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Commercial Real Estate

2017’s Main Lessons for Commercial Real Estate

Highlights in commercial real estate in the year 2017

The year 2017 is now behind us, and we have entered 2018. 2017 proved to be a good year for the Orange County commercial real estate market. It continued to grow, values continued to break records, and the up-trend is now longer than what it has been in decades. Of course, some people continue to be cautious as a result of the 2009-2010 calamities, but there are now cases where prices are three times higher. Meanwhile, lease rates are showing similar trends. So which lessons have been learned from commercial real esate in 2017 that can be applied to 2018?

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Commercial Real Estate

Orange County Commercial Real Estate Remains Bullish

Orange County Commercial Real Estate Remains a Difficult and Competitive Market

Since the inauguration of President Donald Trump just over one year ago, there has been a major buzzword: “reform”. A variety of different things affecting the economy have been or will be reformed. One of the most significant ones is his tax reform, the Tax Cuts and Jobs Act.

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Commercial Real Estate

3 Dangers To Be Aware Of In A Commercial Real Estate Deal

how to be cautious during a commercial real estate deal

In order to run a business, you need a building. Finding that piece of commercial real estate property is a long and complex process. And once you have found the property and you have spent many weeks negotiating every single point of your deal, you feel like you are ready to come to an agreement. The sale or lease document is prepared and is several pages long. All that remains to be done is for you to sign on the dotted line and the process will have been completed.

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Commercial Real Estate

Who Should You Have In Your Real Estate Network?

Who Should You Have in Your Real Estate Network

For those who want to be involved in commercial real estate, whether to run a business, use it as an investment, to be a landlord, or for any other reason, it is very important to have the right contacts. Indeed, networking is vital in any industry, regardless of the type of work you do, but you do have to network with the correct people. In the world of commercial real estate, you have to deal with lending, escrow, titles, architecture, construction, deeds, leases, and more. This means that your network has to include certain types of workers, such as accountants, lawyers, architects, construction workers, and so on.

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Commercial Real Estate

What Do You Do If You Do Not Get A Response After Making An Offer For A Commercial Property?

Not getting a response on a commercial real estate offer

If you are in the market for a piece of commercial real estate and you believe that you have found what you are looking for, it is time to make an offer. Sometimes, however, you receive no reply in response. This can be both frustrating and confusing, as it is hard to understand why a seller wouldn’t at least provide you with some feedback if they don’t want to accept the offer that you have made. There are a number of reasons why your offer may get ignored.

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Commercial Real Estate

Bixby Land CEO Bill Halford Dies At Age 58

bixby ceo dies

It has been announced that Bill Halford, the CEO of Bixby Land Co., died on February 26, 2018, at the Ronald Reagan UCLA Medical Center after battling a certain illness. Bixby Land Co. is based in Newport Beach and is one of the most respected companies of its kind in Southern California. Halford became the company’s CEO in 2006 and he was responsible for turning the century-old family-owned company into a real estate operator, developer, and investor. Halford was just 58 years old. Bixby Land credits Halford with achieving their vision of pioneering exceptional value.

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Commercial Real Estate

How Technology Impacts The Commercial Real Estate Market

Technology has an impact on commercial real estate

Automation is an important tool of capitalism. Its overall aim is to reduce outgoings as much as possible, thereby increasing profits. Any business’ greatest expense is its workforce, which means that if cuts have to be made, this is where employers take a look first. Naturally, the workforce is also a business’ greatest asset, as nothing can be delivered without it. Hence, what companies now try to do is find ways to replace the human workforce with automated systems as much as possible. And it is working. It is known as digital disruption and it impacts every element of society, including commercial real estate.

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Commercial Real Estate

Bank Of Southern California Moves Further Into Orange County

The bank of southern california moves to Orange County as it expands due to success

The Bank of Southern California is an institution that has, as a community bank, helped businesses and individuals across Southern California meet their financial needs. Being a community bank, they believe in offering a personalized experience as they understand that any financial product they offer benefits the community as a whole and therefore also their own organization. The bank has become a true institution in the San Diego area.

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