I m tracking sales and inventory for many local markets.
Houston real estate held to record territory in June with buyers continuing to seize upon historically low interest rates as they purchased homes from among a limited supply. Despite the strong buying activity, the pace was slightly slower in the year-over-year comparison.
According to the latest Houston Association of Realtors (HAR) Market Update, single-family homes sales were up 13.6 percent compared to last June, with 10,638 units sold versus 9,362 a year earlier. That becomes the market’s thirteenth consecutive positive month of sales. On a year-to-date basis, home sales remain 25.9 percent ahead of 2020’s record pace.
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7/13/2021 04:54:00 PM
Voit Real Estate Services released their Q2 reports on Commercial Real Estate (CRE) in SoCal. Here are a few excerpts from the Orange County Office report: The Orange County office market struggled again in 2Q. It had already been slowing before the pandemic hit, and by virtue of the higher employee density and multi-tenant configuration of office product, the office sector was hit harder by COVID than other sectors.
Vacancy and availability both moved higher, and net absorption remained in negative territory. Average asking lease rates were relatively flat, but they alone do not tell the full story, as
Police recruitment workshop offered
The Escondido Police Department invites those interested in law enforcement careers to a free online Police Recruit Workshop from 9 a.m. to noon Jan. 23 or Jan. 30 at Escondido Police and Fire Department Headquarters, 1163 N. Centre City Parkway. Learn what it takes to become a police officer and how to better prepare for the testing, selection process, and police academy program. Must be 18 years or older. Bring pen, paper and flash drive. Face coverings are required inside at all times. Led by retired Escondido Police Lt. Al Owens, a former police academy instructor. Reserve to (760) 839-4769 or email pcruz@escondido.org.
1261 Third Ave.
Photo courtesy of CBRE
A Chula Vista building that’s leased to Samsung and UEI College has been sold for $10 million.
The single-story building at 1261 Third Ave. was sold by G8 Capital to a buyer that was not disclosed.
Matt LoPiccolo and Matt Pourcho of CBRE represented G8 Capital.
Robert Vallera of Voit Real Estate Services represented the buyer.
Built in 1975, the property was renovated in 2019.
“The vocational and trade school sector consistently experiences increases in enrollment during recessionary economic environments, making this asset particularly desirable due to the stability provided by UEI College,” LoPiccolo said.