Archive for March, 2011
By admin in
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Mar
15
Burlingame, CA (Vocus/PRWEB) March 15, 2011
Burlingame real estate agent Herb Schmulewicz is seeking knowledgable, caring and passionate businesspeople from all fields to join BYOB (Bring Your Own Business), a “mastermind” community social gathering geared towards establishing genuine business relationships and sharing valuable knowledge. Meetings typically take place twice a month in Burlingame. There are also fun quarterly socials such as billiards, bowling events and pool-side BBQs.
BYOB conducts meetings (or “mastermind sessions”) twice a month, typically in Burlingame. Businesspeople from all over the San Francisco Bay Area share business challenges, goals and the ability to allow others to provide constructive suggestions and recommendations. “BYOB nurtures a ‘think tank’ atmosphere, where everyone can learn ways to improve processes and increase business from new friends,” said Schmulewicz.
BYOB focuses on two philosophies. The first is “give and you shall receive,” which is supported in the group by helping others through the sharing of knowledge for those who would like know and grow.
“Unfortunately, many people start or join networking groups looking for immediate financial gains. That is the wrong reason, and in my opinion, those people really miss the boat,” said Schmulewicz, real estate agent in Pacifica and founder of BYOB. “Our group does not operate on “give and I better get” mentality. It’s about being genuine, building caring relationships, helping others and letting nature take it’s course.”
The second philosophy is “create caring relationships with others.” “To get the most out of any networking experience, people need to build a relationship with those who they trust and want to stay in contact with,” said Burlingame real estate agent Schmulewicz. “Not everyone will send you referrals, but if you place value on the friendship, you can still get something out of group.”
If interested people join the group and practice these two philosophies, then they have established sincere value in the relationships formed, even if they do not receive anything monetary in return.
BYOB was created 18 months ago by Schmulewicz and already includes a wide-variety of business associates, from landscapers to beauty/hair stylists, financial advisors to painters. They are currently seeking businesspeople who have characteristics such as integrity, perseverance, passion, caring, giving, excellence and knowledge.
“I’d like to see the group add more members in the next few months; however, I’d really like to have people understand that this group is about caring, giving and friendships,” said Schmulewicz. “The rest will come together in due time.”
For more information about Bring Your Own Business (BYOB), contact Herb Schmulewicz at (650) 784-1849. For a free home evaluation and or simple wanting to know how much a home is worth, click here.
About Herb Schmulewicz
Herb Schmulewicz is a REALTOR® with McGuire Real Estate Burlingame who specializes in the sale of single family luxury homes. He is known for adhering to a standard of San Mateo County real estate excellence for both sellers and buyers along the San Francisco Peninsula. Although Herb is based out of Burlingame, he works throughout San Mateo County, including the communities of Burlingame, Hillsborough, Pacifica, and San Mateo.
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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/Pacifica/prweb8206924.htm
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15
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Sendai, Japan
CHARLOTTESVILLE, VA-The damage caused by the earthquake that struck Japan on March 11 is still being tabulated; causalities, for instance, could be as many as 10,000. Initial calculations from locally based SNL of the damages suffered by US REITs that own property in the country, however, suggest that the damage to their portfolios has been minimal. For now, that is.
“There has definitely been some damage and there will be ripple effects with the economy and operations getting back on track,” SNL analyst Jason Lai tells me. “Overall, though, US REITs could have fared much worse.” That could still happen, he says, if the worst fears about the unstable nuclear plants are realized. But right now, Lai says that “people are still trying to assess the details of the existing damage.”
The US REITs with the greatest amount of damage include Starwood Hotels Resorts Worldwide (which technically is no longer a REIT), ProLogis, Simon Property Group and AMB Property Corp., told me. It found that Starwood has the largest exposure as a percentage of its total owned portfolio, with the hotel company having one property in the area, or 1.15% of its total portfolio. ProLogis has the largest exposure on a property-count level, with four properties in the five prefectures. Simon has two properties in the area, and AMB Property has one property, a 420,000-square-foot facility in Sendai, which SNL is still evaluating.
Japanese REITs, not surprisingly, bore the brunt of the disaster. Japan Logistics Fund had the greatest exposure as a percentage of its total portfolio, with nearly 43% of the company’s portfolio in the five prefectures, SNL said. Saizen Real Estate Investment Trust has the highest exposure on a property-count basis, with 28 properties in the severely affected prefectures.
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By admin in
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Mar
14
North Bay Commercial Real Estate Review 2011
Read reports from experts in various commercial real estate markets in Marin, Napa, Sonoma and Solano counties.
Businesses are more confident about securing space for their operations this year than they were in the past two, according to local commercial real estate market experts.
Al Coppin
Sonoma County job growth is leading that of other counties in the state, observed Al Coppin, president of commercial real estate brokerage Keegan Coppin Co. Inc. He pointed to major leases in the Highway 101 corridor in Sonoma and Marin counties in the past several months: Cyan Optics, Calix, Métier, Central Payment Corp., BioMarin Pharmaceutical, ProSight Specialty Insurance and Amy’s Kitchen.
“There’s a lot of seed and venture capital — little growth seeds — and it’s working,” he said. “A year ago we forecast the county would come out a head of the rest of the state for that reason.”
Class A space in the corridor has been filling up at rents at the same level they were at least 10 years ago, sometimes much older.
Sean Heaton
“The challenge in 2011 is filling the [class] B space, which is some cases is priced the same as the [class] A space,” Mr. Coppin said. “There has to be adjustment for landlords on that.”
The Silicon Valley and San Francisco office markets are starting to show signs of constriction, which historically foreshadows a pickup in deal-making in southern Marin, eventually moving north into Sonoma County, according to Sean Heaton of Cushman Wakefield.
“I do not think we’re at the point where rents in San Francisco are driving tenants to Marin yet, but the wheels are moving, and if they continue to move it will help the North Bay,” he said.
Steven Leonard
Owners of office space in southern Marin are enjoying falling vacancies and rising rents, according to Steven Leonard of Cassidy Turley BT Commercial. A key example is Wachovia’s several-year lease of 14,000 square feet at 790 Lindaro St. in San Rafael, marking the first significant lease since Seagate Properties’ 80,000-square-foot deal completed the fourth San Rafael Corporate Center building in fall 2009.
“There’s a lot more going on now than there was a year ago,” Mr. Leonard said. “Tenants are in the market and willing to do deals.”
Some of the activity is being generated by new owners of formerly distressed real estate who can offer rents not seen in some markets for two decades because of far lower cost bases, the experts said.
Rowland Plaza and Wood Hollow office developments in Novato have gone from having significant or total vacancy to nearly full in the past year. Equity Office Properties buildings in Petaluma and Santa Rosa that were sold by lenders are attracting tenants and buyers.
More than 200,000 square feet of office and industrial leases are in final negotiations in Petaluma, but Alcatel’s leases of 120,000 virtually vacant square feet in Equity Office’s remaining holdings in the city are set to expire this spring.
Petaluma has a two-tier office property investment market, according to Mr. Coppin. In one, distressed properties — ones with not enough rent income to pay debt secured at the peak of the market several years ago — are selling for $40 to $50 a square foot, namely former Equity Office Properties holdings. That’s basically the cost of the land, he noted.
The rest of the Petaluma office market is getting interest in the $100-a-square-foot range, which is still below the replacement cost of the buildings. However, that reflects the current level of office rents in such properties, Mr. Coppin said.
“The reality is scarcity of land and expense of developing it — very expensive, such as Petaluma fees for development of $5 to $6 a square foot,” he said. “Rental rates should tighten up in a couple of years because of lack of supply and the cost of replacing that supply.”
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Topics: Al Coppin, Alcatel, Equity Office Properties, Keegan Coppin, Marin County, North Bay Commercial Real Estate Review 2011, Novato, office real estate, Petaluma, Rowland Plaza, San Rafael, Santa Rosa, Sean Heaton, Sonoma County, Steven Leonard, Wood Hollow Office Center | Categories: Commercial Real Estate, Industry News, Top News Stories
By admin in
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Mar
14
By Nick Canepa
Sunday, March 13, 2011 at 10:47 p.m.
It’s certain the most impassioned performers in The Show will claim that, if SDSU went to court last week and changed its name to DUKE, the Aztecs would be a No. 1 seed in the NCAA Tournament. And they would have a great point. A case can be made.
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But you’re not going to hear many gripes from the Aztecs after the selection committee awarded the men a No. 2 seed in the West Regional. They play 15th-seeded Northern Colorado on Thursday in Tucson, not Providence, not Chicago.
And, if they can win two games in that subregional, they then can bivouac in Anaheim for the West finals. Bracketitis be damned. To them, especially San Diego State’s coaches, it’s a game of real estate.
Location, location, location.
For those of you who don’t get around much, let me brief you. Travel, in 2011, is hard, as it was in 2010.
“I would have taken a lower seed than the 2 to stay close to home,” Aztecs assistant head coach Brian Dutcher was saying following the televised announcement in front a Selection Sunday crowd of about 2,500 in Viejas Arena. “Being close to home is so important. If we were the No. 1 seed out East, I probably wouldn’t be happy.”
Head coach Steve Fisher, who won a national championship and reached three Final Fours while at Michigan, couldn’t agree more. He’d gladly give up a No. 1 to stay close.
“Absolutely,” he said. “Brian’s point’s well taken, for all the things we’ve talked about. We’re playing in our area; we don’t have to travel across country. It’s relatively simple; we’ll jump on a plane and be there in an hour or so. It’s a big bonus for us. This provides us with the best opportunity to win.”
The difference between 1 and 2 is a prestige halo more than anything. Ohio State, Kansas and Pitt were the first three seeds — hard to argue that — and Duke was given the fourth No. 1, in the West, which means if it wins its first two tournament games in nearby Charlotte, N.C., it will have to travel across the country to Anaheim.
SDSU finished 32-2, Duke 30-4. SDSU ranks third in the country in RPI, Duke fourth. SDSU’s strength of schedule ranks 22 to Duke’s 31. But, you may say, the Blue Devils played in the mighty ACC, the Aztecs in the Mountain West. Except the ACC wasn’t good at all this year and the conference’s final RPI was fifth. The MWC’s was fourth.
The Aztecs did so many things committee members weigh heavily. Besides their high RPI, they went 18-1 in games played outside their arena. They finished strong, winning their last five — including three in the Mountain West Conference Tournament — and 12 of their last 13.
Not that it’s their fault, but what the Aztecs didn’t have were many “committee-quality” wins. They’ve defeated but one team that’s currently ranked, BYU, thanks to their resounding win in Saturday’s MWC finale. Teams they whipped on the road that everyone in November thought might be pretty good — Gonzaga, Wichita State, Saint Mary’s and Cal — slipped, although Gonzaga improved near the end, winning its last nine and 11 of its final 12.
UNLV’s a good team, NCAA bound, and the Aztecs beat the Rebels three times — twice in Vegas, one coming in the conference semis — and if you think winning at the tables is hard, try winning at the Thomas Mack.
So, yes, State deserved a No. 1 seed over the Blue Devils, but a magical year doesn’t necessarily give birth to a magical name, which is what Duke has. If product placement in this case seems unfair, it is, but it really isn’t a slam at State’s program. Before this, the Aztecs hadn’t been seeded higher than 11th in the NCAAs.
They’ll take it, not that they have any choice. But their attitude makes sense. If you’ve been watching college basketball this past week, you know there are no great teams and those at the top certainly aren’t invincible. Ohio State barely escaped Northwestern. Pitt got clubbed by UConn, the ninth seed in the Big East.
This is what the Aztecs now have to be concerned with, playing not ranking. They should be focusing on Northern Colorado — a team many SDSU players know well. State won in Greeley in December 2008 and lost to the Bears here in January of that same year.
Seeding, schmeeding. A new year begins Thursday. State has zero (nada, zilch) NCAA Tournament victories on its résumé. As one fan told me before yesterday’s seedings: “I hope we’re not a 1. A 1 has never lost in the first round. Four 2s have lost.”
Being an Aztec, he’s aware there’s always a concern about being a negative first.
“Everybody loves a winner,” Fisher said. “So do I.”
The kids have gone inside. The men come out to play now. And if they can play close to home, that’s not wimping out.