Source: The Business Journal
While the state average of distressed home sales increased in the month of January, figures for the Central Valley continued to fluctuate, according to the California Association of Realtors.
The number of distressed homes sold in Fresno County held steady at 19 percent last month, the same as December 2014 and down from the 26 percent reported in January 2014.
Kings County saw a decrease in the number of underwater homes, reporting 25 percent in January compared to 26 percent in December. While the month-to-month decrease was minor, the figure is way down from the 45 percent reported this time last year.
Madera County continued to improve, with distressed homes accounting for 12 percent of sales during the month of January. The figure represents a steady improvement from the 13 and 14 percent reported in December and January of 2014, respectively.
Tulare County saw a jump in the number of distressed homes sold last month, with underwater homes accounting for 22 percent of total sales, compared to 16 percent the month prior and 20 percent during the same time last year.
Statewide, distressed homes accounted for 12 percent of total sales in January, up slightly from the 10 percent reported in December 2014, but down from 16 percent in January 2014.
URL to original article: http://www.thebusinessjournal.com/news/real-estate/16338-realtors-distressed-home-sales-continue-year-over-year-drop
For further information on Fresno Real Estate check: http://www.londonproperties.com
Wednesday, February 25, 2015
Wednesday, February 18, 2015
Developer: Campus Pointe theater should debut in March
Source: The Business Journal
Written by George Lurie
The movie theater that will anchor The Square at Campus Pointe could be open for business later next month. “From what I know now, the theater is looking for a late March opening,” said Tracy Kashian of Lance-Kashian & Co., which is partnering with Fresno State to develop the Campus Pointe project located just east of the Save Mart Center near the intersection of Shaw Avenue and Highway 168. “The theater will open first and then the tenants will follow behind,” Kashian said. “We’re excited. Things are getting fairly close.” Featuring an ambitious “Town Center” design, in addition to the theater, Campus Pointe will include 250,000 square feet of retail space and restaurants, 20,000 square feet of office space and more than 600 residential units. There are also plans to add a future Hyatt Place hotel and meeting center. The Heritage Theater, a 2,700-seat cinema complex, is built on land owned by Fresno State and Kashian said theater operators will pay rent directly to the university. “Right now, all of the other [retail] tenants are being handed vanilla shells because we just got our permits,” Kashian said. Exactly when stores will open at Campus Pointe, she added, depends “on how fast the tenants’ contractors work. At this point, I’m not sure which one of our tenants will be the first to open.”
URL to original article: http://www.thebusinessjournal.com/news/retail/16166-developer-campus-pointe-theater-should-debut-in-march
For further information on Fresno Real Estate check: http://www.londonproperties.com
Written by George Lurie
The movie theater that will anchor The Square at Campus Pointe could be open for business later next month. “From what I know now, the theater is looking for a late March opening,” said Tracy Kashian of Lance-Kashian & Co., which is partnering with Fresno State to develop the Campus Pointe project located just east of the Save Mart Center near the intersection of Shaw Avenue and Highway 168. “The theater will open first and then the tenants will follow behind,” Kashian said. “We’re excited. Things are getting fairly close.” Featuring an ambitious “Town Center” design, in addition to the theater, Campus Pointe will include 250,000 square feet of retail space and restaurants, 20,000 square feet of office space and more than 600 residential units. There are also plans to add a future Hyatt Place hotel and meeting center. The Heritage Theater, a 2,700-seat cinema complex, is built on land owned by Fresno State and Kashian said theater operators will pay rent directly to the university. “Right now, all of the other [retail] tenants are being handed vanilla shells because we just got our permits,” Kashian said. Exactly when stores will open at Campus Pointe, she added, depends “on how fast the tenants’ contractors work. At this point, I’m not sure which one of our tenants will be the first to open.”
URL to original article: http://www.thebusinessjournal.com/news/retail/16166-developer-campus-pointe-theater-should-debut-in-march
For further information on Fresno Real Estate check: http://www.londonproperties.com
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