Are You READY FOR THE BEACH

Are You READY FOR THE BEACH





Waterfront calls us this time of year, I know it calls to me! No matter what your number one is, The sun, The Beach, The Lakes, Golf, Fishing, Poolside Fun, helping you find that special place to enjoy it is what makes our team happy.   The best time to buy is RIGHT NOW.  I specialize in Waterfront Properties in Florida and Tennessee, with offices inPanama City Beach, FL and Franklin (Nashville), TN I look forward to helping you find that special place to Live, Work and Enjoy. Here is a sample of thecurrently available Waterfront Listings around Nashville. For currently available listings in the Panhandle of Florida.  Take a look around these sites to define your own search and start building your wish list! 



For the Nashville area: www.roycedugan.com  

For The Florida Panhandle: www.tn2flhomes.com

I look forward to seeing you on the Water Real Soon!!

Royce

Spring is Coming to Windstar Bay

The lake front lots in Windstar Bay are being cleared to show the wooded lake views.  A beautiful place to build your new home. When you are out on your next Sunday drive take a minute to drive through the neighborhood. 

Visit the Community Pool and Pool House while you are there, You will be glad you stopped by.

Apple Acquires Nearly 100 Acres Near Cupertino HQ

 Cupertino-based Apple reported $65 billion in sales for its fiscal year ended in September, a 50% increase over last year, and added 12,300 employees. 

With iPads, iPhones, laptops and other products flying off the shelves this holiday season, fast-growing Apple Inc. has closed on the purchase of Hewlett Packard's nearly 100-acre campus site in Cupertino, CA. The transaction effectively doubles the size of Apple's holdings in its headquarters city in the Silicon Valley. 

A grant deed, with Apple listed as the buyer and HP as the seller, was filed with the Santa Clara County Recorder's Office on Nov. 16. Hewlett Packard President and CEO Leo Apotheker mentioned the transaction, without naming Apple as the buyer, in the company's quarterly earnings call on Nov. 22. Apotheker revealed that the company completed the sale of its Cupertino campus and will be consolidating those operations into the computer company's Palo Alto global headquarters over the next three years. 

The price and other terms were not immediately available for the sale, first reported by the San Jose Mercury News. Cupertino-based Apple reported $65 billion in sales for its fiscal year ended in September, a 50% increase over last year, and added 12,300 employees. 

The site is part of the city of Cupertino's North Vallco Master Plan, east of Apple’s Infinite Loop headquarters. The HP campus is bounded by Homestead Road on the north, Wolfe Road on the west, Tantau Road on the east and Pruneridge Avenue on the south. 

Apple bought 50 acres south of Pruneridge in 2006 for a reported campus extension, so the acquisition gives the tech company more than 140 contiguous acres from Homestead south to Interstate 280. 

NAR: Commercial Real Estate Stabilizing

NAR: Commercial Real Estate Stabilizing 
Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, according to the NATIONAL ASSOCIATION OF REALTORS®. 

“The basic fundamental of rising commercial leasing demand, resulting from a steadily improving economy, means overall vacancy rates have already peaked or will soon top out,” says Lawrence Yun, NAR's chief economist. “The outlook for the office and industrial markets has moderated with modestly declining vacancy rates expected as 2011 progresses, while the retail sector should hold fairly steady. Still, high vacancy rates imply falling rents.”

Yun anticipates a rise in household formation from an improving economy, which will increase demand for housing, both ownership and rental. “Multifamily housing is the one commercial sector that has held on relatively well in the past year, and can expect the best performance in 2011,” he added.

“Apartment rents could rise by 1 to 2 percent in 2011, after having fallen in 2009 and no growth in 2010,” Yun said. “This rent rise therefore could start to force up broader consumer prices as well.” He noted that the housing shelter cost of primary rent, and owner’s rental equivalence, is the biggest component in the Consumer Price Index, accounting for 32 percent of its total weight.

The Society of Industrial and Office REALTORS®, in its SIOR Commercial Real Estate Index, an attitudinal survey of more than 400 local market experts, shows vacancy rates are slowly improving, but rents continue to be soft with elevated levels of subleasing space on the market.

The SIOR index, measuring the impact of 10 variables, rose 1.6 percentage points to 42.6 in the third quarter, but remains well below a level of 100 that represents a balanced marketplace. This is the fourth straight quarterly improvement following almost three years of decline.

Commercial real estate development continues at stagnant levels with little investment activity, but is beginning to pick up in many parts of the country. NAR’s 
latest Commercial Real Estate Outlook offers projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail, and multifamily markets. Historic data were provided by CBRE Econometric Advisors.

Office Markets
Vacancy rates in the office sector, where a large volume of sublease space remains on the market, are forecast to decline from 16.7 percent in the current quarter to 16.4 percent in the fourth quarter of 2011, but with very little change during in the first half of the year. The markets with the lowest office vacancy rates currently are New York City and Honolulu, with vacancies around 9 percent. All other monitored markets have double-digit vacancy rates.

Annual office rent is expected to decline 1.8 percent this year, and then slip another 1.6 percent in 2011. In 57 markets tracked, net absorption of office space, which includes the leasing of new space coming on the market as well as space in existing properties, should be a negative 3.7 million square feet this year and then a positive 16.4 million in 2011.

Industrial Markets 
Industrial vacancy rates are projected to decline from 13.9 percent currently to 13.2 percent in the closing quarter of 2011. At present, the areas with the lowest industrial vacancy rates are Los Angeles, Salt Lake City, and Kansas City, with vacancies in the 8 to 10 percent range.

Annual industrial rent is likely to fall 4.0 percent this year, and decline another 3.4 percent in 2011. Net absorption of industrial space in 58 markets tracked should be a negative 25.1 million square feet this year and a positive 134 million in 2011.

Retail Markets
Retail vacancy rates are expected to change little, declining from 13.1 percent in the fourth quarter of this year to 13 percent in the fourth quarter of 2011. Markets with the lowest retail vacancy rates currently include San Francisco; Orange County, Calif.; and Honolulu, with vacancies in the 7 to 8 percent range.

Average retail rent is seen to drop 3.4 percent in 2010 but largely stabilize next year, slipping 0.3 percent in 2011. Net absorption of retail space in 53 tracked markets is projected to be a negative 0.5 million square feet this year and then a positive 5.0 million in 2011.

Multifamily Markets
The apartment rental market — multifamily housing — is expected to get a boost from growth in household formation. Multifamily vacancy rates are forecast to decline from 6.4 percent in the current quarter to 5.8 percent in the fourth quarter of 2011. Areas with the lowest multifamily vacancy rates presently are San Jose, Calif.; Miami; Boston; and Portland, Ore., with vacancies in a range around 4 percent.

Average apartment rent is likely to rise 0.2 percent this year and another 1.4 percent in 2011. Multifamily net absorption should be 85,200 units in 59 tracked metro areas this year, and another 147,000 in 2011.

Source: NAR

Mini Horse Farm in Nashville, TN area offered in ONLINE AUCTION

See the full gallery on posterous

Beginning at 12:00 Noon on Friday August 27, 2010 thru 12:00 Noon on September 7, 2010: 5017 Somerville Rd, Cross Plains, TN is available for ONLINE bidding.  For a property preview and additional information about bidding on this 4BR 3.5BA Brick home on 5.56 acres near Nashville, TN go to    http://exitauctionstn.com/?page_id=69 to get details.

Posted via email from Exit Real Estate Commercial Solutions

Bell Forge Cinemas Sells for $1.5M-New Islamic Center Coming to Davidson County

Martin Theaters Inc. sold the Bell Forge Cinemas in Antioch to the Islamic Center of Tennessee for $1.5 million, or about $33 per square foot. The new owner plans to completely redevelop the property, transforming it into an elaborate Islamic Center with prayer halls, classrooms and a swimming pool.

The 44,910-square-foot retail property was built in 1983 on eight acres of land.

Paul Gaither and James Morris of CB Richard Ellis represented the seller in the transaction, while the buyer was self-represented.

Royce Dugan Recommends an Article

This news article was recommended by Royce Dugan:

PENT-UP CAPITAL GENERATES 'FEROCIOUS' COMPETITION FOR CORE, DISTRESSED SHOPPING CENTERS

While still a far cry from the avalanche some predicted would hit the market a year ago, distressed shopping malls and strip centers have contributed to a marked increase in retail sale activity this year. At the same time, a rush by institutional investors to pick up quality core properties at the other end of the retail property spectrum has also...

-----------------------------------
CoStar Group, Inc.
2 Bethesda Metro Center, 10th Floor
Bethesda, Maryland 20814 USA
Tel: 800-204-5960
http://www.costar.com/

Posted via email from Exit Real Estate Commercial Solutions