OC Supervisors Considers El Toro Parcel Development Plan

The Orange County Board of Supervisors will consider the proposed El Toro Parcel Development Plan for the 100-acre property. It is located just north of Interstate 5 and just east of California State Route 133 in and around Irvine, California. This 100-acre parcel is near Orange County Great Park and Irvine Spectrum Center. The real…

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Commercial Real Estate Transactions Checklist

Commercial real estate transactions and acquisitions are a comprehensive process in which a checklist can help make sure the process goes as smoothly as possible. Due diligence is part of every successful commercial real estate transaction. It is critical to have and review every important document necessary to evaluate and complete the commercial real estate…

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What is the Purpose of Real Estate Appraisal Comp Photos?

Are comp or comparable photos necessary during a real estate appraisal, especially with websites like Google Maps, MLS, and Zillow? The short anwer is yes they are necessary. Would you want to send people to the Moon based on research from 20 years ago? This is a bit of an exageration, but the point should…

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Number of Real Estate Appraisers Decreasing

The number of real estate appraisers will significantly decrease over the next five years, which could mean longer waits, higher fees, and lower-quality property appraisals. There were 78,500 real estate appraisers working in the U.S. in 2015, which is down 20% from 2007. This could fall another 3% each year for the next decade. Much…

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25 Wealthiest Real Estate Investors In America

These 25 American men have earned their billions doing business in the real estate industry. Many of these men grew up with nothing. Others inherited their wealth and their businesses. George Argyros – $2 billion Resident of Newport Beach, California, George Argyros is a self-made man. Most of his wealth comes from real estate investments….

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Commercial Real Estate Boom in California

How long will the Commercial real estate boom last in California? For a second year in a row, California’s commercial real estate industry is growing. With employment rates improving and a lack of supply, developers’ optimism is up. The Allen Matkins/UCLA Anderson Forecast sees this optimism continuing for the foreseeable future. The Allen Matkins UCLA…

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Newport Banning Ranch Land Development Project

The Newport Banning Ranch developer’s proposal is to build 895 homes, a resort hotel, and retail complex on the Banning Ranch mesa near Costa Mesa, Huntington Beach, and Newport Beach, just east of the outlet of the Santa Ana River in Southern California. This has become a legal battle between Aera Energy (who co-owns the…

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10 Things to Know About Commercial Real Estate Appraisals

A commercial real estate appraisal can be complicated process. Commercial property transactions, guidelines, and rules are often different from those of residential property appraisals. Make sure you use an experienced commercial appraiser licensed to work in your area. The primary purpose of a real estate appraiser is to provide an educated unbiased opinion as to…

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