Tony Maniscalchi and Mike Maniscalchi ended 2018 with a finish line production of over $57 Million in sales and leases.
Representing a diverse portfolio of properties from industrial to multi-family with values ranging from $250,000 to $19,500,000 from fundamental leases to a complex corporate merger involving several properties, Tony Maniscalchi and Mike Maniscalchi again finished the year in the firm’s top position.
We congratulate the Maniscalchi brothers for another great year!
Sales of major properties (over $2M) advanced 24 percent on a yearly basis during the first half of this year, totaling $145.3 billion. Most property types registered double-digit growth rates, signaling strong investor interest in commercial assets.
The majority of the council said they were open to five years of increases through 2018, beginning with an average 8% increase, followed by 7%, 5%, 2% and 2%. The compounded increase would be 29.1% for residential customers, 25.9% for commercial customers and 22.9% for small commercial customers, according to a city report. Full story: http://bityurl.com/546682. Source: GlendaleNewsPress.com. Also in the news, Glendale Water & Power officials are looking to expand a popular Continue reading
The pace and volume of CMBS issuance has increased substantially in 2013, led by strong investor demand. Through the second quarter, issuers have placed $26.9
billion of conduit paper across 21 transactions, substantially higher than the $12.7 billion issued across 11 transactions over the same period in 2012. Full story: http://www.bityurl.com/92bc01. Source: Costar.com.
The Pew Center released a survey showing that 61 of the nation’s largest cities had a gap of more than $217 billion in unfunded pension and health care liabilities. What happens in Detroit could change how public employees across the country see their futures, how their unions negotiate contracts, and how their retirees — some of whom, like police and firefighters in Michigan, don’t contribute to or receive Social Security benefits because their pensions were expected to be guaranteed — pay the bills. Full story: http://bityurl.com/aa6fa2. Continue reading
How do the West Coast ports stack up against their Atlantic counter-ports? How have shifts in cargo activity affected the real estate markets surrounding Pacific seaports? Where does the opportunity lie for developers and occupiers?
Port-centric markets, particularly those on the West Coast, have historically proven more resilient to market downturns than their inland counterparts. Compared to the national average vacancy rate in the 8 percent range, port markets on the West Coast are closer to 5.1 percent. Considerable activity has occurred in port-centric markets in the last 12 months by tenants seeking to lower their real estate costs by locking in new terms at current pricing levels. In so doing, they are reaffirming their commitment to the West Coast. By comparison, East Coast port markets are experiencing vacancy rates in excess of 12 percent.
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As Fannie Mae and Freddie Mac go, so goes the U.S. apartment market. Together the two government-sponsored enterprises (GSEs) now provide 80% to 90% of the mortgages financing apartment sales.
The problem is that they are losing money — taxpayer dollars to be exact — hand over fist thanks to their portfolios of defaulting single-family housing loans. By the end of 2009, the U.S. government had already pumped more than $125 billion into the two entities to keep them solvent.
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AB 1103 requires building owners of non-residential buildings throughout the state to disclose their building’s energy use in advance of major financial transactions. These transactions include: the sale of, the leasing of or the financing of the entire building or buildings. Buildings with residential components are not subject to the requirements. Read more http://bityurl.com/0b53a8 & http://bityurl.com/c0d458. For more information and compliance questions, contact Marika Erdely of GreenEconoMe at (818) 681-5750. Continue reading
Disclosure of Disability Access. Starting July 1, 2013, all owners and lessors of commercial real property will be required to state on every new lease form or rental agreement executed on or after that date, whether the property being leased or rented has undergone inspection by a Certified Access Specialist (“CASp”). The law is set forth in Civil Code §1938. Continue reading
Of the loans that have reported, 63% had positive NOI growth in 2012, with the bulk of the loans (25.7%) showing growth in the 0 to 5% range. A significant percentage of loans (14.6%) had NOI growth of more than 15% in 2012. Full story: http://bityurl.com/08b7f7. Source: Costar.com. Also in the news, Buying Distressed Real Estate Requires Thorough Due Diligence: http://bityurl.com/67b969. Source: REIBusinessOnline.com. Continue reading