Press Release: NickNelson/Jim Young -KW Commerical Announce Sale of Parmer Lane Plaza at IH-35

Press Release   MEDIA CONTACT: Jim Young 512-565-7509 jimyoung@kwcommercial.com

 

EINSTEIN BAGELS ANCHORED RETAIL CENTER SOLD

 

Austin, TEXAS, (2/29/12) — KW Commercial announced the sale of a 9,750 square foot retail and medical center at 12400 North IH-35 located just south of Parmer Lane on the southbound access road to IH-35. The property contains the tenants: Einstein Bagels, JuiceSpot, Austin Orthodontic and TechRidgeDental. The Buyer, an out of state Investor, was represented by Nick Nelson, and Jim Young, of KW Commercial.  The Seller was represented by Greg Porter, of MP Commercial Partners.

 

“Our team identified this project prior to hitting the market, and moved quickly to secure a Contract due to it’s superior location and tenant mix” said Nick Nelson.  “With the difficult economy, and turbulent stock market, we find investors more and more turning to real estate, seeking quality assets such as this site. Strong national credit tenants such as Einsteins, and strong local credit tenants such as dentists and orthodontists are typical assets we seek out for our Clients.” said Jim Young.

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Listings
1801 Mopac, Suite 100, Austin, TX 78746
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New Apple headquarters - will have largest rooftop solar in US

Read it online: http://mashable.com/2012/02/21/apple-solar-array/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+mashable%2Fapple+%28Mashable+%C2%BB+Apple+News%29

Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-

Jones Lang LaSalle Now Marketing Solyndra's Former Factory

> Real Estate Firm Now Marketing Solyndra's Former Factory
>
> Read it online: http://www.solarindustrymag.com/e107_plugins/content/content.php?content.9778
>
>
> Jim Young
> 512-565-7509
>

Grubb & Ellis files for bankruptcy, agrees to sale

Grubb & Ellis files for bankruptcy, agrees to sale

Date: Wednesday, February 22, 2012, 6:42am CST

Grubb & Ellis, based in Santa Ana, Calif., filed for Chapter 11 bankruptcy protection Monday in the U.S. Bankruptcy Court    for the Southern District of New York and simultaneously filed a motion to sell its holdings to BGC for an estimated $30 million, according to court documents.

---Full Story Link Here---

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Listings
1801 Mopac, Suite 100, Austin, TX 78746
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Health Costs, Gov't Regulations Curb Small Business Hiring

Nearly half of small-business owners name these issues

by Dennis Jacobe, Chief Economist

PRINCETON, NJ -- U.S. small-business owners who aren't hiring -- 85% of those surveyed -- are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. One in four are not hiring because they worry they may not be in business in 12 months.

-Link Here-

 

Jim Young

Sabot Development, Ltd

jyoung@sabotdevelopment.com

512-565-7509

 

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Mortgage Defaults Improve

As goes residential, so follows commercial soon after:

 

 

The Mortgage Bankers Association fourth quarter 2011 Survey on Mortgage Delinquencies found that the mortgage market is improving faster than economic conditions.   The delinquency rate for all loans fell to 7.58 percent in Q4 2011—a drop of 41 basis points (bp) sequentially from Q3 2011 and down 67 bp from the quarter in 2011.  The normal delinquency rate prior to the housing bubble burst hovered at 5 percent but climbed to 10.1 percent at the apogee.  The delinquency rate today, according to the MBA is 7.58 percent—so we are now officially half-way back to normal.  

 

Foreclosure starts are also performing in a similar manner.  Normal for foreclosure starts is 0.40 percent, which peaked in 2009 at 1.41 percent, and today has retreated to less than 1 percent—again approaching halfway back to normal. 

 

Not progressing as quickly are the foreclosures themselves.  Prior to the recession, foreclosures tracked along at just less than 1 percent, hit 4.5 percent at the crest, and today are just slightly less than that number.  Part of this has to be a function of the government’s restrictions on lender ability to foreclose and the delays put in place by the various lawsuits (state attorney generals—which were reported as having been settled earlier this week, and other robosigning issues).  And that is good news since the quicker this shadow inventory disappears from the market, the quicker housing will rebound.

 

Delinquency data showed a decline of 38 percent from Q4 in 2010 to Q4 2011 (those behind in payments 90 days or more) while 60-day-plus delinquencies were down 5 percent sequentially from Q3 2011 and off 10 percent year-over-year.

 

·         All delinquencies declined except FHA loans, which rose by 27 percent from Q3 to Q4 2011

·         Subprime ARM loans Q4 2011 delinquency rate was 22.4 percent—a whopping 267 percent improvement from Q3 2011

·         Subprime fixed-rate loans, at 19.67 percent in Q4 2011, dropped by 157 percent

·         Prime ARM loans fell by 151 percent to 8.22 percent in Q4 2011

·         Fixed-rate prime loans dropped 20 percent to 4.12 percent

 

Mortgage News Daily, in an article released this week, features several MBA graphs.  Pay attention to Chart 4 in their report detailing the percentage of loans in foreclosure for each state (this chart also delineates whether a state uses a non-judicial or judicial foreclosure process).  In states with a  judicial foreclosures, the foreclosure is taken through the court system while non-judicial foreclosure states have no court intervention and follow state statutes.  RealtyTrac has a Reference Guide and information on foreclosure processes and timelines for each state.

 

Five states today, Florida, California, Illinois, New York and New Jersey (which have 32 percent of loans serviced), make up 52 percent of all loans in foreclosure. 

 

 

Jim Young

Sabot Development, Ltd

jyoung@sabotdevelopment.com

512-565-7509

 

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Deutsche Bank Completes Solar Project Atop Americas' HQ

Deutsche Bank Completes Solar Project Atop Americas' HQ

60 Wall Street Becomes World's Tallest Solar Panel Array

 

Deutsche Bank has completed and begun operation of a brand new, 122.4 kW solar photovoltaic (PV) system on the roof of its Americas' headquarters located at 60 Wall St. in New York City. The roof-mounted solar panel array will reduce the bank's electricity consumption and is expected to decrease its carbon emissions by 100 metric tons each year.

 

--story link here-

 

Jim Young

President

Solar Capital Group, LLC

512-565-7509

Follow Us: facebook.com/solarcapitalgroup

News & Blog: http://solarcapitalgroup.blogspot.com

 

Downtown Business Owners Concerned About Parking - Austin

Austin Business Journal

Date: Wednesday, February 8, 2012, 7:03am CS

 

Businesses located in downtown Austin are becoming more concerned over limited parking in the area.

Some downtown businesses, like 3 Seventy LLC, are looking to increase its employee base but are worried about making sure those new workers have a spot to park.

 

-Full Story Here-

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Listings
1801 Mopac, Suite 100, Austin, TX 78746
ATTENTION! The information contained in this email may be CONFIDENTIAL and PRIVILEGED. It is intended for the individual or entity named above. If you are not the intended recipient, please be notified that any use, review, distribution or copying of this email is strictly prohibited. If you have received this email by error, please delete it and notify the sender immediately. Thank you.

 

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Banks Embrace Short Sales-

Banks Embrace Short Sales-

Great article link below about short sales by Bloomberg.

 

http://www.bizjournals.com/austin/blog/morning_call/2012/02/banks-embracing-short-sales.html?ana=e_aus_rdup

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Listings
1801 Mopac, Suite 100, Austin, TX 78746
ATTENTION! The information contained in this email may be CONFIDENTIAL and PRIVILEGED. It is intended for the individual or entity named above. If you are not the intended recipient, please be notified that any use, review, distribution or copying of this email is strictly prohibited. If you have received this email by error, please delete it and notify the sender immediately. Thank you.

 

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When Should a Real Estate Owner Sell & Lease-Back?

When Should a Real Estate Owner Sell & Lease-Back?

You are a Business Owner. You own the property your business is located at.  Is your capital best served in your core business, or in your real estate?

 

·         What is the Opportunity Cost?

 

·         In this tight credit market, could your business gain market share if you had more liquidity?

 

Our team has helped several businesses convert their real estate into liquid funds to accelerate their core business. From a multi-million dollar Ear, Nose, Throat clinic to a small Austin factory, learn how you can take advantage of this process.

 

---1 Page Flyer Here---

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Listings
1801 Mopac, Suite 100, Austin, TX 78746
ATTENTION! The information contained in this email may be CONFIDENTIAL and PRIVILEGED. It is intended for the individual or entity named above. If you are not the intended recipient, please be notified that any use, review, distribution or copying of this email is strictly prohibited. If you have received this email by error, please delete it and notify the sender immediately. Thank you.

 

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