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Latitude, Inc. September News
Please
enjoy Latitude's September Newsletter.
As
always, please do not hesitate to call or email us with any of your real estate needs,
questions or concerns, and we will try to keep you up to date with market news
and insights.
We
hope you have a wonderful upcoming Labor Day weekend!
-Carly Barnes, marketing
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Commercial Real Estate Gains for First Time in 2 Years: Study
by Reuters
U.S. commercial real estate prices posted their first quarterly
gain in more than two years last quarter, data showed on Monday,
although deepening economic gloom may cut post-slump celebrations short.
Average U.S. commercial property prices rose 2.2 percent in the second quarter, the first gain in more than 2 years.
After
shedding about a third of their value between the first quarters of
2008 and 2010, average U.S. commercial property prices rose by 2.2
percent in the three months to end-June, as measured by the Investment
Property Databank US Quarterly Property Index. Read more...
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Broad Stabilization in Second Quarter Metro Area Home Prices with Strong Sales
By Walt Maloney, realtor.org
The trend in firming home prices solidified in the second quarter with
more metropolitan areas showing increases from a year ago, aided by a
surge in home sales driven by the home buyer tax credit, according to
the latest survey by the National Association of Realtors®.
In
the second quarter, 100 out of 155 metropolitan statistical areas1
(MSAs) had higher median existing single-family home prices in
comparison with the second quarter of 2009, including 14 with
double-digit increases; two were unchanged and 53 metros showed price
declines. In the first quarter of this year 91 areas had higher prices,
while only 26 MSAs experienced annual price gains in second quarter of
2009.
Read more...
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 Commercial Real Estate Remains Soft but Favors Business Expansion
-Realtor.org
Commercial real estate sectors, hurt by weak job growth, are offering
incentives in many areas that are conducive to business expansion,
according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said fallout from the
recession continues to impact commercial real estate. "Vacancy rates
are beginning to level off in some sectors, but rent discounts and
moderate levels of landlord concessions are widespread," he said. "This is very much a tenant's market, which is quite favorable for
businesses that are considering expansion. It's also encouraging that
there is a modest improvement in the sentiment of commercial real
estate practitioners."
The Society of Industrial and Office Realtors®, in its SIOR
Commercial Real Estate Index, an attitudinal survey of more than 600
local market experts,1 shows vacancy rates are beginning to level, but
rents remain depressed, and subleasing space is high. Read more...
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 Latitude, Inc. Current Featured Opportunities
Latitude is pleased to highlight some beautiful listings! 1227 De La Vina - Grant House Office for LEASE more info
401 E. Haley Street - Office/Industrial/Studio for LEASE more info
7 W. Figueroa Street - Downtown office for SUBLEASE more info
401 E. Haley Street - Office/Industrial/Duplex FOR SALE more info335 N. Milpas - Retail/Office/Industrial for SUBLEASE more info597 Avenue of the Flags - Retail/Office in Buellton - more info
28 E. Canon Perdido - Downtown Office for Sublease/Share - more info
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 No Foreclosure Wave In Sight- July 2010
-Source: wwwforeclosureradar.com
Investor discounts at trustee sale vary by county
Discovery Bay, CA, August 12, 2010 - ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for July 2010. Foreclosure activity was again mixed in July. Foreclosure filings and cancellations dropped after rising last month, while foreclosure sales rose after dropping last month.
Download July 2010 Foreclosure Radar report here
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 More News!
Go to www.latitude.net for more news every day!
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 Just Leased
We are pleased to announce a recent Latitude deal. Jhonny's Pest Control has signed a lease and will be moving to 325 Chapala Street. The office is located in the heart of Downtown Santa Barbara at the corner of Gutierrez Street and Chapala Street. Rick Longpre of Latitude, Inc. represented both the Sublessor and the new tenant in this lease transaction.
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Latitude, Inc. is a full service commercial real estate company, headquartered in Santa Barbara, on California's Central Coast. While its brokerage and development services are focused on California's Central Coast, Latitude's management and investment expertise have expanded its geographical reach with experience throughout the Western United States.
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