Source: The Business Journal
The Sierra Ridge Apartments, a multifamily property in Clovis, has been sold for $18.3 million.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, negotiated the deal, which closed on Feb. 24.
Berkadia provides investment sales advisory and research services for multifamily and commercial properties.
The sale price reflects a per-unit cost of $101,667 — or $120 per square foot.
Located at 100 Fowler Ave., Sierra Ridge is a 180-unit property built in 1991 and offers one-, two-, and three-bedroom floor plans.
Berkadia’s Senior Vice President Robin C. Kane identified the buyer as a local investor and the seller as Sun Valley Pacific LLC of Tokyo, Japan.
“The multifamily market is surging right now in California, which we believe will continue for the remainder of 2015,” Kane said.
URL to original article: http://www.thebusinessjournal.com/news/real-estate/16529-sierra-ridge-apartments-in-clovis-sold-for-18-3-million
For further information on Fresno Real Estate check: http://www.londonproperties.com
Monday, March 9, 2015
Thursday, March 5, 2015
Homebuilding permits up in Fresno and Visalia
Source: The Fresno Bee
By BoNhia Lee
Home building is looking up in the Fresno and Visalia area after a drop in building permits at the end of last year. The number of home building permits issued in the two cities edged up in February while builders kicked off the new year unveiling new communities. Last month, Fresno issued 58 single-family building permits compared with 44 in January, according to the city’s monthly building report. A year ago at the same time only nine permits were issued. In Visalia, builders pulled 47 permits in February compared to 20 the month before. A year ago, 26 permits were issued for the construction of new homes. So far this year, Benchmark Communities, Granville Homes, San Joaquin Valley Homes, and Wathen Castanos Homes have all opened new neighborhoods with plans for at least 388 new houses in the central San Joaquin Valley.
Read more here: http://www.fresnobee.com/2015/03/03/4406952_homebuilding-permits-up-in-fresno.html?rh=1#storylink=cpy
For further information on Fresno Real Estate check: http://www.londonproperties.com
By BoNhia Lee
Home building is looking up in the Fresno and Visalia area after a drop in building permits at the end of last year. The number of home building permits issued in the two cities edged up in February while builders kicked off the new year unveiling new communities. Last month, Fresno issued 58 single-family building permits compared with 44 in January, according to the city’s monthly building report. A year ago at the same time only nine permits were issued. In Visalia, builders pulled 47 permits in February compared to 20 the month before. A year ago, 26 permits were issued for the construction of new homes. So far this year, Benchmark Communities, Granville Homes, San Joaquin Valley Homes, and Wathen Castanos Homes have all opened new neighborhoods with plans for at least 388 new houses in the central San Joaquin Valley.
Read more here: http://www.fresnobee.com/2015/03/03/4406952_homebuilding-permits-up-in-fresno.html?rh=1#storylink=cpy
For further information on Fresno Real Estate check: http://www.londonproperties.com
Tuesday, March 3, 2015
Report: Valley home prices rise more than national average in January
Source: The Business Journal
Home prices in Fresno, including distressed sales, increased by 6.9 percent in January 2015 compared to January 2014, according to a report released today by CoreLogic. On a month-over-month basis, Fresno home prices, excluding distressed sales, increased by 0.9 percent in January compared with December 2014. In Madera, home prices, including distressed sales, rose by 9.5 percent in January 2015 compared to January 2014. Excluding distressed sales, the year-over-year increase in Madera was 10.6 percent according to the report. On a month-over-month basis, Madera home prices, including distressed sales, increased by 0.2 percent in January 2015. In the Visalia-Porterville area, home prices, including distressed sales, increased by 3.1 percent in January 2015 compared to January 2014. On a month-over-month basis, Tulare County home prices, including distressed sales, increased by 0.6 percent in January 2015. In the Hanford-Corcoran area, home prices, including distressed sales, increased by 6.8 percent in January 2015 compared to January 2014. On a month-over-month basis, Kings County home prices, including distressed sales, increased by 1.6 percent in January 2015. The report is the latest evidence that the Central Valley is outpacing many other parts of the county in terms of home sales price appreciation. According to the report, average U.S. home prices nationwide rose by 5.7 percent in January compared with January 2014. “House price appreciation has generally been stronger in the western half of the nation and weakest in the mid-Atlantic and northeast states,” said Dr. Frank Nothaft, chief economist at CoreLogic. “In part, these trends reflect the strength of regional economies.” Anand Nallathambi, CoreLogic’s president and CEO, predicts home prices “will continue to rise throughout the year and into 2016. A dearth of supply in many parts of the country is a big factor driving up prices,” he added.
URL to original article: http://www.thebusinessjournal.com/news/real-estate/16447-report-valley-home-prices-rise-more-than-national-average-in-january
For further information on Fresno Real Estate check: http://www.londonproperties.com
Home prices in Fresno, including distressed sales, increased by 6.9 percent in January 2015 compared to January 2014, according to a report released today by CoreLogic. On a month-over-month basis, Fresno home prices, excluding distressed sales, increased by 0.9 percent in January compared with December 2014. In Madera, home prices, including distressed sales, rose by 9.5 percent in January 2015 compared to January 2014. Excluding distressed sales, the year-over-year increase in Madera was 10.6 percent according to the report. On a month-over-month basis, Madera home prices, including distressed sales, increased by 0.2 percent in January 2015. In the Visalia-Porterville area, home prices, including distressed sales, increased by 3.1 percent in January 2015 compared to January 2014. On a month-over-month basis, Tulare County home prices, including distressed sales, increased by 0.6 percent in January 2015. In the Hanford-Corcoran area, home prices, including distressed sales, increased by 6.8 percent in January 2015 compared to January 2014. On a month-over-month basis, Kings County home prices, including distressed sales, increased by 1.6 percent in January 2015. The report is the latest evidence that the Central Valley is outpacing many other parts of the county in terms of home sales price appreciation. According to the report, average U.S. home prices nationwide rose by 5.7 percent in January compared with January 2014. “House price appreciation has generally been stronger in the western half of the nation and weakest in the mid-Atlantic and northeast states,” said Dr. Frank Nothaft, chief economist at CoreLogic. “In part, these trends reflect the strength of regional economies.” Anand Nallathambi, CoreLogic’s president and CEO, predicts home prices “will continue to rise throughout the year and into 2016. A dearth of supply in many parts of the country is a big factor driving up prices,” he added.
URL to original article: http://www.thebusinessjournal.com/news/real-estate/16447-report-valley-home-prices-rise-more-than-national-average-in-january
For further information on Fresno Real Estate check: http://www.londonproperties.com
Subscribe to:
Posts (Atom)
