No rate moves are coming

Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves.  Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.   Full Story

High-Profile California Housing Bill Dies Without a Vote

Senate Bill 50 would have rewritten zoning laws and forced local governments to allow taller apartment buildings and other multi-family complexes near transit areas and job centers.   it won’t be considered again until January 2020 Full Article

Fed signals no rate changes are coming in 2019

Fed officials, who gathered in Washington for their two-day policy setting meeting, unanimously recommitted to remain “patient,” agreeing to indefinitely stick with an extended pause on rate changes. They also signaled that the Fed wouldn’t hike rates in 2019. Read the Full Article.

We Congratulate Tony Maniscalchi and Mike Maniscalchi

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!

SOLD FOR $3,000,000!

1049-1057 Foothill Boulevard, La Canada Flintridge, CA 91011.  Mike Maniscalchi, SIOR and Tony Maniscalchi, SIOR represented the seller in the sale of this 4,800 SF commercial/retail building on 12,922 SF of land. For more information, contact Mike, x135 or Tony, x126 at (818) 956-7001.

Rent Stabilization Measure Fails to Qualify for November Ballot

The Glendale City Clerk’s office rejected the petition circulated by a tenants union.  Full story

Fed Holds Key Interest Rate Steady

The Fed voted unanimously to keep the rate at a target between 1.75% and 2%.
Full Story

 

 

1530 Flower Street in Glendale LEASED!

Mike Maniscalchi, SIOR and Tony Maniscalchi, SIOR represented the landlord in the lease of this 6,453 SF creative office building on 11,798 SF of land; zoning: IND; various clear heights; 11 parking spaces (13 with tandem).  For more information, contact Mike, x135 or Tony, x126 at (818) 956-7001.

Land Sold For $8,500,000!

Randy Stevenson and Kris Hons represented the seller in the sale of 40,451 SF of land at 523 N. Central Ave. & 314-324 W. Doran St. in Glendale. For more information, contact Randy x155 or Kris x127 at (818) 956-7001.

 

California Jobs Numbers Close Out 2017 on Strong Note

According to the Beacon Employment Report, the latest numbers from the California Employment Development Department show the state adding 52,700 jobs in December.
Full Story