Real Estate Management News
March/April 2013

In This Issue


Website Links







Welcome,
New Properties

 

Retail

Town & Country 

Shopping Center

3230-3298 S Mooney Blvd.

Visalia, CA

57,254 Square Feet
 

 


   

Office

21 Lower Ragsdale Drive

Monterey, CA

22,000 Square Feet

  

 
 
 

Multi-Family

The Villas at Lovers Lane

2803 S Lovers Lane

Visalia, CA

136 Units 

 


 

  

REO/Receiver -

Office/Retail

2565 Alluvial Avenue

Clovis, CA

21,654 Square feet 

 

      

 

 

For more information:

Greg Bethke gbethke@mancoabbott.com 

 

 


Service Area 


Industry Links 



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Annual customer service surveys inspire new initiatives

It is that time of year again! In March and April, Manco Abbott will survey more than 6,000 customers to assess our level of service. Owners, brokers, residents, tenants and employees will have the opportunity to provide essential feedback about our company's ability to raise the standards where people live, work and play. Last year`s feedback inspired residential move-in system improvements, internal and external communication channel enhancements, introduction of additional convenience features for multifamily residents and the hosting of a nationally-recognized real estate analyst, Christopher Lee, to overview emerging real estate opportunities. Customer feedback surveys are important to our success and your satisfaction. We look forward to your participation. Results will be communicated in May. 


Big-name developers, investors boomerang
back into condos
 
By Randyl Drummer, Senior News Editor at CoStar Group Inc.

For six long years following the burst housing bubble and subsequent recession, residential condominium sales remained in a deep freeze. However, late last year, condo investment sales quietly began to recover in gateway markets such as Boston, San Francisco and New York. More recently, analysts and major investors are starting to take serious notice of the emerging condo market after several large residential and commercial developers announced new condo development projects in previously overbuilt markets such as South Florida.

 

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Eight retailers that will close the most stores

By Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess, and Michael B. Sauter

It is the time of year again, when America's largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year. And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses. For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many. 

 

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Lease rate too high? Check back later   

By Sharon Stangenes, Special to the Tribune 
As apartment living has soared in popularity in recent years, the competition for highly desirable units in good buildings and neighborhoods has become so intense that a growing number of large owners and management companies are adopting computerized pricing similar to those used by airlines and hotels. Called dynamic pricing or sometimes the trademarked LRO for "lease rent options," rent is determined by data-crunching computer software, calculating in factors 

such as size and location of the apartment, how long it has been unoccupied, turnover costs, current demand and the going rate for similar units in a given geographic area.

 

MBA: CRE lending will continue to grow in 2013 
By David Bodamer, Editorial Director

Commercial and multifamily mortgage originations ended 2012 24 percent higher than 2011, according to the Mortgage Bankers Association's commercial/ multifamily mortgage bankers originations index. The index increased 49 percent between the third and the fourth quarters of 2012, and was also up 49 percent compared to the fourth quarter of 2011. The increase included a 331 percent increase in the dollar volume of loans for hotel properties, a 78 percent increase for office properties, a 49 percent increase for multifamily properties.

  

U.S. shopping-center NOI grew 3.6 percent in 2012

By Shopping Centers Today staff

U.S. shopping centers strengthened their net operating income last year by cutting expenses and growing sales, according to data from ICSC and the National Council of Real Estate Investment Fiduciaries. Overall NOI at U.S. shopping centers grew by some 3.6 percent year on year, according to NCREIF's database of 1,000 retail centers. Income rose 2.3 percent last year versus 2011, and expenses were down by 0.1 percent. "Retail was the best performing property type in the NCREIF index for the fourth quarter and the year," said Jeffrey R. Havsy, NCREIF's research director. 


Celebrating employees

Our greatest strength lies in the incredible people who serve our residents, tenants, clients, and community. Join us as we celebrate their achievements, including their length of service with Manco Abbott. They are the reason we can raise the standards where people live, work and play.  

 

 

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