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| Fall 2007 Issue number 7 | www.borelli-inv.com |
Inside
the Insider
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Local Commercial Real Estate Market Largely Unaffected by Residential DifficultiesVacancy Rates and Late Loan Payments Among Lowest in 5 Years Tighter Money Creating Some Challenges |
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The growing number of defaults on subprime loans has dominated the financial news lately. But while residential loan difficulties have created problems for a few financial services companies and led to significant softness in home prices, the problems have had little impact on Silicon Valley’s commercial real estate market and substantial declines in commercial vacancy rates for the Valley, Commercial real estate still has a number of strong underpinnings,including mostly positive earnings reports from technology companies, falling unemployment rates, |
which are keeping sales prices firm and holding rents steady or even driving them 3% to 6% higher.In addition, what little new commercial space is under development is being built on pricier land at more expensive construction costs, all of which requires higher rents. “Thus far, the fallout from the subprime loan crisis appears to have had a limited effect
on the local commercial real estate market,” said Edwin K. S. Ryu, principal and co-founder
of Legacy Wealth Advisors, LLC, a San Jose-based investment advisory and wealth management
firm. More |
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Borelli Investment Company Begins Presales At Club Auto Sport in North San JoseInnovative Concept Offers Commercial Condominiums with Concierge Services and an Exclusive Club for Car Enthusiasts |
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Has your passion for auto racing or love for vintage automobiles led to a car collection that has grown past two or three cars? Where do you store them? Well, maybe it’s time you bought your cars their own condo. Valley’s first purpose-built commercial condominium facility designed for racing and car enthusiasts—with a full line of timesaving concierge services and an exclusive club for owners. Club Auto Sport—the Silicon Valley’s first purpose-built commercial condominium facility designed specifically for racing and car enthusiasts—provides safe and secure storage, access to time-saving services such as arranging for maintenance or |
having cars delivered to your home,and exclusive club benefits for owners Located at 521 Charcot Avenue in North San Jose, the unique two-building, 120,000 square foot
complex will feature a 10,000 square foot showroom, lounge area for watching major motor sports
on TV, large conference room, banquet and hospitality facilities, sophisticated electronic
security with CCTV, and automated roll-up truck doors hidden from the street. Buyers can choose
from 60 units ranging from 800 to 10,000 square feet to store cars, motorcycles, a large motorhome,
or even a prized wine collection. The smallest units should accommodate at least four cars—more
if stacking systems are used. More |
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Borelli Property Management Services Reach Beyond Silicon Valley |
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If you are looking for high-quality property management services for property you own in the Central Valley or elsewhere in the West, you should look to the same company you would call locally: Borelli Investment Company For example, Borelli has been working with owners to increase occupancy and improve cash |
flow in towns such as Elk Grove, Stockton, Tracy, Turlock, and
West Sacramento—among others—for a number of years. At Countryside Plaza retail center in Turlock,
Borelli was able to increase rents to market levels and maintain virtually 100% occupancy during
the adjustment period. More |
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Borelli’s Exclusive Lease vs. Buy Calculator on the Money with Buyers |
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Have you ever wanted to “run the numbers” to analyze an investment opportunity? Many people would like to do the same when comparing whether to buy or lease business space. Now, Borelli Investment Company has an online, real-time tool that lets you plug in real numbers and get a real-world projection of the difference between buying a business |
condominium or continuing to lease your office space. Really! Borelli Investment Company’s exclusive Lease vs. Buy Calculator has been extremely well-received
since the company introduced it last spring. It provides a set of numbers based on your specific
situation that will help you make a more intelligent decision about whether to lease or buy
your office space. More |
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Staff Spotlight: Lynn Hawkins |
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Here’s your opportunity to meet Lynn Hawkins, and this is someone you’ll want to get to know. Why? Because since joining Borelli in 2002, Lynn has worked side-by-side with Larry Bengiveno in the marketing and sales of nearly 100 Borelli |
business condominiums—handling re-sale listings and property
management at these projects, as well as the marketing and leasing of space at the Capitol
Auto Mall Plaza retail center. More |
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