The movers and shakers of the movie-making industry have checked off most of the red-carpet events this awards’ season: Critics’ Choice Awards, Screen Actors Guild Awards and Golden Globes. Next up? The granddaddy of ‘em all: The Academy Awards.

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Decron Properties purchased The Madison at Town Center in Santa Clarita, CA, for $56.65 million or $214,583 per unit. Prado Town Center West LLC, an investment entity of joint venture partners Lennar Homes Inc. and Regent Properties Inc., sold the 264-unit apartment complex.

Developed as a 341-unit multifamily development nearly seven years ago, the project was then converted into condominiums a year later when it was purchased by the joint venture…

View full post on Los Angeles Commercial Real Estate News From CoStar Group

Computer Add Ons, a wholesale electronic distributor, acquired the Long Island industrial building located at 86-90 Denton Ave. in New Hyde Park, NY from Fischer Real Estate for $1.4 million, or about $90 per square foot.

The industrial building was delivered in 1952 and totals 15,500 square feet in the Western Nassau County Industrial submarket. It was vacant at the time of sale.

Gary Mayzlin of Kalmon Dolgin Affiliates, Inc. handled the…

View full post on Long Island Commercial Real Estate News From CoStar Group

Principal Real Estate Investors LLC acquired Rolling Mill Hill at 201 Middleton Street in Nashville, TN from Chartwell Residential, Inc. for $11.4 million, or about $158,000 per unit.

The four-story, 156,624-square-foot multifamily complex was built in 2009 in the Downtown submarket of Davidson County. The complex consists of 72 units across three buildings that range from 843 to 1,591 square feet.

Ed Fish of Resource Real Estate Partners represented…

View full post on Nashville Commercial Real Estate News From CoStar Group

Grubb & Ellis Co., one of the country’s most recognizable CRE services brands which fell on hard financial times during the economic recession, has agreed to file for Chapter 11 bankruptcy protection and sell nearly all of the company’s assets in a bankruptcy transaction to BGC Partners, the parent of Newmark Knight Frank.

In a statement, Santa Ana, CA-based Grubb & Ellis said it believes the acquisition by the investment firm headed by Cantor…

View full post on National Commercial Real Estate News From CoStar Group

The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, [...]

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Dave Robison

By Dave Robison

It’s interesting to read REALTORS®’ social media posts because I’ve been seeing a lot of the same thing lately.  Here is a typical agent Facebook post (or comment in person): “This market is going crazy. I’m so busy right now. I’m busier than I have been in years!”

Wow…they must be having success, right?  Let’s look up their stats in the MLS and see what their sales are like.

First “busy agent” stats:  Sold six homes in the last year.

Second “busy agent” stats: Hasn’t sold a home for 3 months.

Let’s be blunt here. To all those who think they are busy: You are fooling yourself!  Stop focusing on being so busy and start focusing on creating results! This goes for anyone, even if you are selling 30 homes a year.

Chet Holmes talks about these “busy people” in his book “The Ultimate Sales Machine.” He has some great tips on time management. Here are some tips to overcome this syndrome:

1. Stop talking about how busy you are. You are just attracting busyness while pushing away business.

2. Create a list of “Big Rocks” to accomplish every day. If you aren’t familiar with Big Rocks, read Stephen Covey’s “7 Habits of Highly Effective People.”

3. Mental power! If you worry all day about the appraisal, then you may need to work on emotional resilience.  Exercise, meditate, and focus on what you want to happen that day for 5 minutes, and then kick it in gear to accomplish it.

4. Touch it once. Sometimes people get caught up in rereading their list of to-do’s all day.  What did you accomplish? Well, you reread your to-do’s — good job. If you read your to-do, then immediately get it done.  If it’s in your e-mail box….touch it once, get it done, and delete.  Don’t reread the same e-mails all day, that’s busy work.

Dave Robison, known as “Utah Dave,” is a broker/owner of Robison & Company Real Estate.

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OTTAWA (Reuters) – Canada's government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also see prices stabilizing this year but no dramatic collapse. Ten of 14 economists and strategists surveyed last week in Reuters' first poll on the Canadian housing sector answered "yes" when …

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Huge, a digital agency and member of the Interpublic Group of Cos., leased 18,888 square feet at 6100 Wilshire in Los Angeles, CA.

The 16-story, 202,704-square-foot office property is known as The New Wilshire building and is part of the Miracle Mile submarket. Built in 1986, the Energy Star-rated tower is 94 percent leased with a tenant list that includes CBS Corp., Bug Music and WorldLink Ventures Inc.

The Beverly Hills-headquartered Kennedy…

View full post on Los Angeles Commercial Real Estate News From CoStar Group

New York-based Lance Capital has structured a unique tenant improvement financing deal that helped close a 400,000-square-foot lease in downtown Brooklyn. The firm, which specializes in funding for tenant improvements for landlords and lenders, was able to access a different source of real estate capital by focusing on the tenant’s credit in a multi-tenant building, as opposed to the underlying real estate itself.

The multi-faceted, $44 million…

View full post on Long Island Commercial Real Estate News From CoStar Group