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September, 2008
Short Sale at the Grande - Update and Showings
September 30th, 2008 categories: Deals, The Grande
A while back, I wrote about a short sale that I have listed in the Grande South. To give you a quick update, the tenant has moved out and the banks are looking for a buyer. This is a 1,625 square foot, 2 bedroom + den condo on the 28th floor. It faces south, west and east.
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San Diego’s Convention Center is Expanding
September 30th, 2008 categories: Downtown
San Diego is one of America’s most visited cities – big surprise, right? With our perfect weather, friendly people and incredible landmarks, San Diego is a great place to visit. The problem however, is that more people want to come visit, but can’t – we lack the hotel and convention space to accommodate the demand.
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Hard Rock comes to San Diego
September 30th, 2008 categories: Downtown, Nightlife, Restaurants
Almost a year ago, the Hard Rock hotel opened its doors in Downtown San Diego. This condo-hotel development has been a huge success and while few people realize there’s a condo side to it, current owners are happy and excited to own. With huge names like Nobu, Rande Gerber and Hard Rock, how can you go wrong?
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Where Can You Buy a Parking Card?
September 25th, 2008 categories: Downtown, Miscellaneous
Are you wondering what that little white and blue card is, that all those people are putting into the parking meters? Are you tired of carrying coins around when you’re going Downtown? Well if you haven’t figured it out already, you can buy parking meter cards.
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Paulson’s New Plan
September 24th, 2008 categories: Real Estate Finance
What a ride. Mortgage Bonds have been up and down and sideways all week. They are under selling pressure today as the government announced it’s proposed bailout of the financial sector. Over the weekend, Treasury Secretary Henry Paulson announced a plan that would give the Treasury the authority to purchase up to $700 Billion of failed mortgage assets from financial institutions and provide much needed liquidity to the financial markets.
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Who’s the Richest Man in the World?
September 22nd, 2008 categories: Real Estate News
You might think this is an easy question and say, Bill Gates. Well, you would have been right a year ago, but today the answer is, Warren Buffett. Yes, the owner of the Berkshire Hathaway company and hence, Prudential California Realty, is now the richest man alive.
| Discussion: 2 Comments »
Fannie and Freddie Get a New Boss - Part II
September 10th, 2008 categories: Real Estate Finance
On Tuesday, I wrote about how Fannie Mae and Freddie Mac are now under government control. Here’s a bit more on how I’ve seen clients being affected….
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Fannie and Freddie get a New Boss - Part I
September 9th, 2008 categories: Real Estate Finance
I am sure you are all well aware that the US Government seized control of Fannie Mae and Freddie Mac over the weekend. The Government ousted both companies CEOs, will acquire $1 billion of preferred shares in each company without providing immediate cash, and has pledged to provide up to $200 billion in credit to the two mortgage giants. Eighty percent of both companies will go to the government who will receive a 10% dividend on every $1 invested.
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Denny Oh
(858) 243-2092
