Posts Tagged ‘san francisco’

Architects’ Prize: Emeryville Center for Arts

Michael Macor / The Chronicle - Kent Chiang and Roslyn Cole of Aidlin Darling Design have a look at the 30,000-square-foot space to be the future Emeryville Center for the Arts.

“Welcome to the Emeryville Center for the Arts,” David Meckel told the architects sitting on folding chairs in a long building with concrete floors, brick walls and dim natural light. “We need your help finishing it off, but we’re close.”

From 1963 until 2006 this structure housed the United Stamping Co., a fabricator that produced such trinkets as the accelerator pedal for infantry transport vehicles. Now it’s a dusty shell – and the prize in what may prove to be the Bay Area’s most intriguing architectural competition in memory.

That’s no easy task, given recent high-profile showdowns held by the Berkeley Art Museum and the San Francisco Museum of Modern Art. But the Emeryville competition is confined to emerging local architects. It also has the blessing of powers-that-be at City Hall – an embrace of the unknown that other municipalities would do well to emulate.

The six firms in the running were selected on criteria that includes having worked at roughly the scale of the center, which has a $12 million budget. They also need experience in arts-related design but – to keep things fresh – the firm’s leader cannot be a fellow of the American Institute of Architects.

“I thought about putting in an age limit, but that sort of thing’s not allowed,” joked Meckel, the center’s adviser on what is billed officially as an “architect selection process.” Read More (via SF Gate)

10 Habits Of Highly Effective Real Estate Investors

Real estate has long been regarded as a sound investment. Wholesaling and property management of commercial and residential property are just a few of the ways investors can profit from real estate, but it takes a little savvy to become successful in this competitive arena. While certain universities do offer coursework and programs that specifically benefit real estate investors, such as the Johns Hopkins Carey Business School’s Master of Science in Real Estate, a degree is not necessarily a prerequisite to profitable real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess.

  • Treat Investments as Businesses
    It is important for real estate investors to approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan allows real estate investors to not only identify objectives, but also determine a viable course of action towards their attainment. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setback.Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on task.
  • Know Their Markets
    Effective real estate investors acquire an in-depth knowledge of their selected market(s). The more an investor understands a particular market, the more qualified he or she will be to make sound business decisions. Keeping abreast of current trends, including any changes in consumer spending habits, mortgage rates and the unemployment rate, to name a few, enables savvy real estate investors to acknowledge current conditions, and plan for the future. Being familiar with specific markets allows investors to predict when trends are going to change, creating potentially beneficial opportunities for the prepared investor.
  • Maintain High Ethical Standards
    Realtors are bound to act according to a code of ethics and standards of practice policy, and real estate agents are held to each state’s real estate commission rules and standards. Real estate investors, however, unless they are associated with membership-based organizations, are not usually required to maintain a particular degree of ethics in their business practices, as long as they operate within the boundaries of the law. Even though it would be easy to take advantage of this situation, most successful real estate investors, and especially those who remain in the business for the long haul, maintain high ethical standards. Since real estate investing involves actively working with people, an investor’s reputation is likely to be far reaching. In the case of an investor lacking in ethics, the consequences can be damaging. Effective real estate investors know it is better to conduct fair business, rather than seeing what they can get away with.
  • Develop a Focus or Niche
    Because there are so many ways to invest in real estate, it is important for investors to develop a focus in order to gain the depth of knowledge essential to becoming successful. This involves learning everything about a certain type of investment – whether it is wholesaling or commercial real estate – and becoming confident in that arena. Taking the time to develop this level of understanding is integral to the long-term success of the investor. Once a particular market is mastered, the investor can move on to additional areas using the same in-depth approach. Savvy investors know that it is better to do one thing well than five things poorly…Read More (via SF Gate)
  • Top 10 most expensive real estate markets in the US: Bay Area on the list, again and again

    If all we listened to were Meg Whitman, Jerry Brown, and Governor Schwarzenegger, we might forget that actually, California is still a very rich state. In fact, according to a 2010 Coldwell Banker 2010 survey, this state commands five of the top ten priciest real estate markets in the nation– and the Bay Area takes second and fourth place.

    The survey data for “The Home Listing Report” (HLR) provide the average home listing price for four-bedroom, two-bathroom properties on coldwellbanker.com listed between February and August 2010 from nearly 300 U.S. markets. Markets in the HLR had to have at least six properties fitting the above description listed within the relevant time frame.

    The HLR found The U.S. average for the surveyed listings was $353,032. But we all know about averages: the average number of legs of a man and a horse is three, yet neither creature has three legs. The same misrepresentation applies in the case of the American average listing, because Coldwell Banker found a $1.7 million difference between the nation’s most expensive and most affordable housing markets. As illustration: Newport Beach, CA, led the list with an average home listing price of $1,826,348. Meanwhile, our most affordable market was Detroit, Mich., with an average listing price of $68,007….Read More (via SF Gate)

    Owner’s financial woes put well-known properties’ futures in flux

    By JENNIFER HUFFMAN

    The grand plans of a developer for two Napa County commercial landmarks have collapsed, leaving the properties’ futures up for grabs.

    Kathy Smith made waves this past decade when she snapped up Pometta’s Deli on Oakville Grade and the original Red Hen complex on Solano Avenue north of Napa.

    At the Pometta’s site, Smith announced plans to build an upscale restaurant and deli to entice both locals and visitors. “I want to have a good place for people to have fun,” she said in 2005.

    At the 3.5-acre former Red Hen site, which once held a sprawling antique store, Smith envisioned a destination evoking Disneyland’s Main Street or a scene from the “Music Man.”

    She floated plans for two restaurants, retail stores, a possible 50-room hotel, even a carousel. “I have a lot of dreams for it,” Smith said in a 2005 interview.

    Those dreams are now dashed.

    In an attempt to satisfy a civil court judgment against Smith, the former Pometta’s Deli lot will be sold at auction on the Napa County courthouse steps on Oct. 6. There is no minimum bid amount.

    The former Red Hen site has entered foreclosure proceedings and is scheduled to be auctioned off Wednesday at the courthouse. There is no minimum bid amount. The default amount is listed as $4.1 million.

    In addition, Smith has lost the Napa Smith Brewery property near the Napa County airport and is in the process of losing three Upvalley homes…Read More (via Napa Valley Register)

    Wine: Constellation launches 4-megawatt solar project

    By Jeff Quackenbush, Business Journal Staff Reporter

    Also: ‘Sunburned’ grapes spur market; Frazier Winery files Chapter 11; Tapp expanding

    Constellation Wines U.S., one of the world’s largest wine companies and operator of several North Coast wineries, last week unveiled a solar-electricity project at four California wineries — includingClos du Bois and Ravenswood– expected to be one of the largest such projects for the wine industry when completed by the end of this year.

    The multimillion-dollar project will include 17,000 solar panels producing a total of 3.95 megawatts of direct-current power, according to Greg Fowler, senior vice president of operations.  It is estimated to provide all the annual power needs for Estancia in Monterey County and Ravenswood in Sonoma, 75 percent of consumption at Clos du Bois in Geyserville and 60 percent of the Gonzalez winery in the city by the same name. The Gonzalez project was completed last year.

    The project was paid for in part via federal and state incentives. The American Recovery and Reinvestment Act provides a 30 percent tax incentive for solar projects this year. The California Solar Initiative provides significant energy rate incentives for solar energy projects through Pacific Gas & Electric Co. Read More (via North Bay Business Journal)

    Water Wisdom for Real Estate and the Built Environment

    By Leslie Guevarra

    When access to water seems cheap and easy, why should companies cut or closely monitor consumption in their buildings?

    Confronting misconceptions about water availability and offering information about solutions that are available now and in development were the key subjects of “Water in Real Estate — Resilient Operations for Thirsty Times,” a recent webinar presented by the Artemis Project. The San Francisco-based consulting firm focuses on helping companies thrive in a water-challenged world.

    “Historically, real estate people have always known that water is a live or die situation,” said Laura Shenkar, founder and principal of the Artemis Project.

    For developers, lack of water and water permits can kill a project. For property owners, “it takes a very, very small leak to cause very, very big problems,” including structural damage, mold and building system failure, said Shenkar, who moderated the presentation.

    But what’s well known to builders and portfolio managers typically is little known or unheeded by companies and property owners, according to webinar panelists…Read More (via Greenbiz)

    Real Estate Agents Use Twitter to Connect with Clients

    It seems everyone is using Twitter these days. Since 2007, the social networking website has allowed people to publish bite-sized updates to keep their “followers” informed.

    And now, it seems the real estate industry is all aflutter with Twitter. The number of real estate agents using Twitter has risen sharply over the last couple of years. Today, nearly half of all real estate websites have the ubiquitous “follow me on Twitter” button.

    We asked the folks at Twitter if they knew how many real estate agents were using the service. Unfortunately, they were unable to compile data based on such specifics. But they did say that many businesses are embracing Twitter as a communication tool. An email from their communications team said: “As an open information network, Twitter makes it easy for people to reach a wide audience. As such, we’re seeing people use it for a variety of business purposes, including real estate.”

    So how are real estate agents using Twitter to reach their audience? We asked a few agents (and Twitter users) this question, and here is what they had to say.

    Bill Williams, an agent from San Francisco, has been using Twitter for about two years. He said the extra online exposure helps him attract clients: “On more than a few occasions, either a buyer or a seller has indicated they found me on the web and that I seemed like someone they’d like to work with.” Read More (via U.S. Housing News)

    Most expensive housing markets

    Santa Rosa is among the nation’s most expensive real estate markets, according to a new study of Coldwell Banker listings.

    The city ranked in the top quarter at 64th out of 296 markets, based on average listing prices this year of four-bedroom, two-bathroom homes. The average listing price here was $476,162, according to the report.

    Newport Beach led the list with an average listing price of approximately $1.83 million. By contrast, Detroit was dubbed the nation’s most-affordable market, with an average four-bedroom home listed for $68,007.

    Along with Newport Beach, five other California communities made the top 10: Palo Alto (second); San Francisco (fourth); La Jolla (fifth); Pasadena (eighth) and Santa Barbara (10th)…Read More (via Press Democrat)

    Jerry Garcia’s Calif. home for sale for $4 million

    NICASIO, Calif. — Would-be home buyers now have a chance to taste the high life, Grateful Dead-style: Jerry Garcia’s house is for sale.

    The 11-acre estate in rural Marin County, north of San Francisco, was the bandleader’s last home before he died of a heart attack in 1995 at age 53.

    The sellers are asking just shy of $4 million for the 7,000-square-foot Mediterranean-style home and surrounding grounds…Read More (via AP/SF Gate)

    The party might not be over, but it’s slowing down: San Francisco price reductions for August and September

    On the 15th of this month, real estate information hub Trulia.com released its price reduction information for both the first half of September and all of August. The findings are interesting because finally, we see San Francisco getting in line with the rest of the nation. To draw on perhaps tired meteorological metaphor, in the past, SF has largely seemed impervious to the brunt of the national real estate hurricane; these data indicate we too are in for stormy weather…Read More (via SF Gate)