Entries by mpicre@dmin

Are Rents Starting To Cool Off?

Rents Decline Annually for the First Time in Six Years SEATTLE, Oct. 18, 2018 /PRNewswire/ — Rents declined nationwide on an annual basis for the first time in more than six years. The median U.S. rent is $1,440, according to the September Zillow® Real Estate Market Report [i] . That’s down 0.2 percent (which translates […]

280 W 3rd Street, Pomona, CA

We’ve been “softly” marketing this restaurant property at 280 W 3rd Street in Pomona for the past several months in anticipation of updated news on the development of a major project in downtown Pomona – The Maya Theaters. We now have confirmation that the City of Pomona passed Disposition & Development Oversight on August 6, […]

Maya Downtown Pomona Theater Moves Forward

Great investment opportunity literally across from the new Maya Theaters in Pomona. New movie theater for Downtown Pomona moves forward It’s a question Mayor Tim Sandoval gets asked a lot: How’s the movie theater coming along? For 17 months, there wasn’t much he could say about the plan to bring a multiscreen movie house to […]

Will Interest Rate Hikes Start To Affect MF Acquisitions

Interest Rate Increases May Affect MF Acquisitions | GlobeSt Don’t miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now! Free unlimited access to GlobeSt.com’s trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and […]

Multi-Family Rents Reach New Heights In July

U.S. multifamily rents reach new heights in July The average U.S. multifamily rent reached an all-time high of $1,409 in July. Rents increased 2.8% year-over-year with the $3 increase from June and have risen 3% year-to-date, according to a survey of 127 markets by Yardi® Matrix. The July performance arose from strong second-quarter economic growth […]

What’s Driving Elon Musk?

What’s driving Elon Musk? Elon Musk is a science-fiction character. That’s how one friend puts it. In some ways, the CEO of SpaceX and Tesla is the archetypical cartoon billionaire – Tony Stark meets The Simpsons’ Hank Scorpio – with the rockets, the rollercoaster personal life and the fast cars – one of which is […]