SAN JOSE, Calif.--(BUSINESS WIRE)--A partnership between Pacific Retail Capital Partners and Silverpeak Real Estate Partners announced today that it has acquired the 1.4 million-square-foot Eastridge super-regional mall in San Jose. The more than $200 million acquisition was made in an off-market transaction with General Growth Properties (NYSE:GGP). Eastridge is a major regional destination with more than 150 shops, restaurants and entertainment venues in this thriving Silicon Valley market.
Eastridge is an exceptional property that serves a large market. We will implement a strategy that will build upon GGP's past leasing efforts a
Buying a home is every individual's dream. Every person wants to have a property in his own name. Many of us think that it requires a lot of money to buy property. Yes, it is true that it requires a significant amount of money.
But, what if you can buy real estate with a small down payment? What if you can purchase real estate with absolutely no down payment? Yes, there are quite a few advertisements that offer a no money down home. But, beware of them! These may be scams. If you really want to buy no money down property, then there are a few practical tips that you need to follow.
A no money down real estate policy means buying real estate with minimum possible down payment.
Going Here image" data-credit-link="http://www.loc.gov/pictures/resource/det.4a23964/" src="https://static.suite.io/article_images/orig/72f13736-cdaa-4123-bb2f-34978268d255.jpg" title="Hoover Promised Two Cars in Every Garage"/>Two years before the great crash of 1929 and the onset of the Depression, President Calvin Coolidge declared that America was entering a new age of prosperity. In 1928, Herbert Hoover campaigned on the slogan A chicken in every pot and two cars in every garag
There are a staggering number of different investment products that are available to investors today. Each one comes with different risks and with these risks comes differing rewards. One can feel that in order to understand each type requires an advanced degree, but you can improve your odds of success by doing your research.
You may have been http://www.realestateone.com/ aware http://www.remax.com/advancedsearch/ of some financial advisers or institutions talk in regards to having a diversified portfolio. The thinking goes that to hold different types of investments better protects your money and maximizes your profits. You can think of it as being a multi-pronged strategy to investing. Savings, stocks, and bonds are considered to be just one kind of investment.
The next kind of investments are known as commodities. Some examples of these are items like botanique at bartley prices gold, silver and oil. They can bring in very high returns but high returns are accompanied by higher risk. Commodities are generally left to the experienced investor who has the ability to closely watch the market since they are very volatile.
Real estate has traditionally been a solid investment but not everyone has the capital to go out and start buying property. To apply the Toronto residential real estate market as an example the average value of a property is over $300,000 with commercial properties being even more. But there are other ways to invest by using Real Estate Investment Certificates or REITSs.
These companies have the job of buying interests in or properties like malls, motels and hotels, office space or mortgages. As an investor you are able to select which kind of REIT you want. Equity REITs are investments in property. The rents that are charged makes then money. To use Toronto as an example again you may have shopping areas with a Wal-mart, Home Depot, Payless shoes etc. that are all leasing buildings from the property owners. All together these Toronto properties are all making money from rents for the REIT and its investors. The second type of REIT involves the lending of mortgage funds generally to developers or property owners. If you don't know which one you prefer you can choose to get a hybrid REIT which is a combination of the two.
One risky kindof real estate invest is known as an option. This is simply a purchaser is making what's known as an "option for consideration". The option entails an offer to buy a property as long as certain conditions are fulfilled such as financing or inspections. During this time the property is taken off of the market in return for a small amount of money as a deposit. There is a risk that if the conditions are not fulfilled the potential purchaser may be forced to forfeit their deposit. On the positive side the purchaser could earn a quick and substantial profit if they can quickly sell their option to a third party. carrying this out successfully means a thorough knowledge of the market and a fair amount of research.
It can be complex at times but the more you learn the better off you will be. Long term investing is the key and real estate has been shown to be a great vehicle for investors and even with the many possible risks involved it is thought to be the least risky when set side by side with other types of investments. This makes it is a vital component of any portfolio.
In today's market, real estate professionals need to market more towards buyers. Many agents focus solely on sellers and are missing out on a great deal of business. Additionally, agents are losing sight of how to effectively advertise and market themselves. There are more effective promotional tools than just advertising in magazine ads or newspapers, which usually get seen once. This article discusses a sure fire way to help realtors get business from homebuyers in any market.
The most powerful and effective marketing too
A home is likely the most expensive purchase you'll make in your life; therefore, you want to ensure that you do it correctly. Instead of just racing into a home sale, check out the following components to ensure the highest level of success.
Neighborhood Crime Rates
Checking out the crime rates of the specific neighborhood and the town overall is important. You want to get a sense of how this area stacks up against surrounding ones. If the crime rates are higher, consider checking out other communities. Also, you should find out if the crime rates have been increasing or decreasing in recent years. When an upward trend has existed, consider buying in another town as that trend may simply continue.
Whether or use this link not you have or are planning to have children, researching the school districts is a good idea. Parents want to know if the schools are considered safe and what the caliber of academics is at the educational facilities. You may wonder why you should research school districts if you aren't having children, and the answer is that school districts can often reveal other issues that are prevalent in the community, such as poverty, gang violence and drug usage.
Home http://www.chicagotribune.com/classified/realestate/ Inspection
Obtaining a full and complete home inspection is crucial before you decide to put your offer in on any particular property. You want to make sure that the house is in full functioning condition and that any issues are resolved by the current homeowner. For example, you may discover that the house has signs of termite damage or that the plumbing system is about to burst.
Check out Similar Houses on the Market
Looking into similar houses that are currently on the market and ones that have just sold in the community can give you a good idea as to whether or not you're paying a fair price. When other houses are at much lower prices, you have some serious negotiating power. If the prices are higher, then you can feel confident that you are getting a good deal and that the seller may be willing to negotiate even more.
Knowing what to look for when you're buying a house is of utmost importance because you're going to be putting a great deal of money into it. Therefore, take the time to make sure you fully go through each one of these suggestions during the process.
Gennady Barsky is a real estate mogul from NYC.
Choosing a Real Estate Agent
If you either lease or buy, having a qualified professional commercial real estate agent on your side is always a positive. Real estate agents are trained and have the experience you need to understand all the lingo and jargon in contracts and can possibly find you your perfect property, as well as being a liaison between you and the landlord. Try to choose real estate agents who have plenty of experience in the area you are interested in, and they will be able to help you better. Also, try to choose firms that have the best reviews, as they usually have repair plans already in place for renters. If not, try to get one in your contract. Having a lawyer and real estate agent on your side makes wording and getting the contracts perfect for both party's a lot simpler, as well as helps prevent you from lawsuits in the future.
What To Look For In A Building
Try to find places that are visually appealing, in large traffic areas, with plenty of parking, and has enough room to handle your business. If your starting a restraunt, make sure it http://realestate.nola.com/ has a full commercial kitchen, or the ability to easily add one. It will need large spaces to store food, both dry and cold, as well as dining space. If your more a office person, your going to need a space that offers a receptionist area, offices, meeting rooms, ect. Department stores use large spaces to sell goods, and need large check this site out spaces to store all of the stock items to be placed on shelves. Take into account parking lot size. Check all buildings and make sure all the outlets work, all plumbing is up to code and working, check for leaks, damage, and anything out of the ordinary. Check the landscape. Is it neat and organized and http://www.century21.com/ appealing to the eye? Locations with the most traffic and that are appealing to the eye are going to see more traffic than dumps on the sides of alleys or back ways.