Commercial Real Estate
November Was Rough On O.C. Hotels
In the month of November hotels throughout Orange County saw room rates fall 10% in a year and saw 41% of rooms remain empty.
The biggest cuts in room rates occurred in the hotels surrounding John Wayne Airport where hotel room rates were cut 17% on average. Due to the continued success of Disneyland in spite [...]
O.C. Commercial Construction Down 33%
In 2009 Orange County’s non-residential construction fell to the lowest level in 14 years.
The estimated value of building permits of offices, hotels and other non-residential structures totaled $951 million, which is down 33.7% from 2008 and nearly 2/3 below the level of Orange County building in 2006. This is the lowest level since 1995.
In Orange [...]
O.C. Developer Opens World’s Tallest Building
On January 4th Dubai real estate developer Emaar officially opened the largest building in the world. At the peak of the American housing boom Emaar lost $1.6 billion by buying Orange County homebuilder John Laing in 2006. Currently Laing is being liquidated in bankruptcy court.
The buildings’ opening was attended by Dubai’s rulers and thousands of [...]
14Jan2010 | Adam | 0 comments | Continued
2009 Marks O.C. Homebuilding’s Worst Year
The homebuilding slump in Orange County continues into the New Year. 2009 Was the slowest year for local building permits for single-family homes filed by developers since World War II. 2009 was local homebuilding’s new “worst” year.
Permits have been issued for just 1,182 new houses and townhomes through November this year, compared to 1,225 in [...]
O.C. Builders Record First Gain In Home Sale Contracts
Orange County builders recorded their first up month of new home sale contracts in October, which followed 13 straight months of annual sales declines.
The signing of a contract only marks the beginning of escrow. Not all home will close escrow the figures do provide an estimate of future closed sales.
In October homebuyers signed 90 contracts [...]
Commercial Real Estate Facing 1-in-4 Offices Vacant\
It seems commercial real estate in Orange County may not have seen their worst year yet. A new forecast has come out saying that in 2010 more commercial buildings will be foreclosed and re-sold for as much as 50% off.
It is expected that 1-in-4 offices in Orange County will be empty in 2010. Currently [...]
6Dec2009 | Adam | 0 comments | Continued
O.C. Ranks 4th In Number of Construction Jobs Lost
Amongst California’s largest metropolitan areas Orange County lost the 4th highest for number of construction jobs lost in the last year. In the last year Orange County alone lost 12,400 construction jobs.
Out of all 28 large metropolitan areas in Orange County every area recorded job loss in the past year. Statewide employment in the construction industry [...]
Local Homebuilder Has Productive Quarter
For the first time in three years local homebuilder Standard Pacific Homes came out of the red. They reported a net loss of $23.8 million during the third quarter which was 94% smaller than the year before – although slightly bigger than the previous quarter.
Standard Pacific Homes revenues fell 18% in the July-September quarter [...]
O.C. Hotel Rooms Continue To Stay Empty
Summer was the perfect time for visitors to travel to Southern California. Not only is the weather perfect but this year hotel room rates fell 16%.
Despite those incentives 25% of local hotel rooms went empty – compared to 19% a year ago. The countywide “revpar” score (which measures hotel cash-flow in regards to rates and [...]
O.C. Hotels In Trouble
16 hotels in Orange County and 307 statewide have been foreclosed upon or are in default of their loan obligations.
In January 9 hotels in Orange County closed compared to one the year before. Last month there were 1,823 rooms in default when there was only 238 last year.
Throughout the state hotels foreclosures are up [...]
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Great info, thanks for sharing. Not much would be selling in Charleston SC if we did not have the FHA ...
I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-) 
Nice writing style. Looking forward to reading more from you.
Chris Moran 
Congrats to Troy!
Aloha,
Keahi 
Very interesting information. It's nice to know that the banks may have a strategy rather than being completely reactive. ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin 
Hello Adam,
My husband and I participated in this years car show for the first time. My husband entered his ...
These are just a few of the things that should be taken into consideration when you are looking for a ...
I think one thing that many people underestimate is the time and money that goes into restoring an old house. ...
FHA loans over 95% require 2 apprisals with the new guidelines. The banks apparently value their opinion.