AUTUMN 2007 - MARKET TRENDS
MONEY IS FLOWING IN THE
INVESTMENT PROPERTY MARKETPLACE

3Q REAL ESTATE TRENDS
THE ANDERSON REPORT DECLARES
“A NEAR RECESSION EXPERIENCE”

A record $257 billion in commercial real estate transaction volume has occurred through 2007. In all of 2006, $306.8 billion worth of commercial real estate traded hands, compared with $267.6 billion in 2005. Both surpassed the $150 billion that traded hands in 2004.

“We expect fundamentals to remain basically sound for the commercial sectors,” proudly announced Lawrence Yun, senior economist for the National Association of Realtors. According to NAR’s recent Commercial Real Estate Outlook, the commercial real estate market remains healthy. “The overall office market has been booming, the industrial sector is holding its own, retail is a bit sluggish while apartments are strong with some condo conversions reverting to rental,” he summarized.

Money is flowing in the investment property marketplace. Commercial and multifamily mortgage bankers' loan originations in the first quarter were up 37 percent from a year ago, according to a survey conducted by the Mortgage Bankers Association. The increase in first-quarter commercial/multifamily lending activity was driven by a 64 percent jump in loans for health care properties,

"This is not a recession, but it is certainly close,” observes David Shulman of the in the 3rd quarter Anderson Forecast from the University of California, Los Angeles. "If our forecast is close to the mark, the period from the second quarter of 2006 to the first quarter of 2008 will mark a historically anomalous long period of below-trend growth."

Shulman, senior economist for the quarterly forecast, titled the report "A Near Recession Experience.” He notes
MIXED USE IN SANTA MONICA
1738-1740 OCEAN PARK BLVD.,
SANTA MONICA, CA 90405

Census Bureau Announces
Most Populous Cities

Phoenix has become the nation’s fifth most populous city, according to the most recent U.S. Census Bureau population estimates. As of July 1, 2006, this desert metropolis had a population of 1.5 million.

New York continued to be the nation’s most populous city, with 8.2 million residents. This was more than twice the population of Los Angeles, which ranked second at 3.8 million.

Phoenix moved into fifth place ahead of Philadelphia, the latest evidence of a decades-long population shift. Nearly a century ago, in 1910, each of the 10 most populous cities was within roughly 500 miles of the Canadian border. The 2006 estimates show that seven of the top 10 — and three of the top five — are in states that border Mexico.

Only three of the top 10 from 1910 remained on the list in 2006: New York, Chicago and Philadelphia. Conversely, three of the current top 10 cities (Phoenix; San Jose, Calif.; and San Diego) were not even among the 100 most populous in 1910, while three more (Dallas, Houston and San Antonio) had populations of less than 100,000.

The estimates also reveal that many of the nation’s fastest-growing cities are suburbs. North Las Vegas, Nev., a suburb of Las Vegas, had the nation’s fastest growth rate among large cities (100,000 or more population) between July 1, 2005, and July 1, 2006. North Las Vegas’ population increased 11.9 percent during the period, to 197,567. It was joined on the list of the 10 fastest-growing cities by three in the Dallas metro area: McKinney (ranking second), Grand Prairie (sixth) and Denton (ninth). In the same vicinity, Fort Worth just missed the list, ranking 11th.

Florida and Arizona each had two cities among the
featured properties:
FINE PROFESSIONAL OFFICE SPACE FOR LEASE IN LOS ANGELES

INGLEWOOD SHOPPING CENTER
LEASE OPPORTUNITY
820 N LA BREA AVE, INGLEWOOD 90302


LARGE COMMERCIAL BUILDING + LOT
ON HIGH VISIBILITY CORNER IN INGLEWOOD


VERSATILE OFFICE / WAREHOUSE NEAR LAX
705 VESTA ST., INGLEWOOD, CA 90302-3316
Asking Price: $759,000

CLIENTS NEED: OFFICE BUILDINGS
• 2-4 Unit Residentials
• Warehouses
• Santa Monica Multiunits
• Winter Lease-Furnished in Santa Monica
SANTA MONICA PROPERTY BLOG

www.santamonicapropertyblog.com

Where Santa Monica goes
to Collect its Thoughts


www.santamonicapropertyblog.com is where the Santa Monica community can go to collect its thoughts. The blog, first of it's type for this forward thinking city, gives us a place to unite to talk about what's happening in the world of Santa Monica property owners. It also supplies other interesting bits of information.

The unique 'whys' and 'wherefores' of how property is treated in Santa Monica makes this blog unique and important.

Founded by Jodi Summers-- Santa Monica property realtor and long-term resident (check out her first local site, www.santamonicalandmarks.com) --the Santa Monica Property Blog touches on information of interest to w wide-ranging audience, including Santa Monica Airport, traffic, taxes, school, the homeless impact, and statistics - lots of statistics.

This community blog is needed because the Santa Monica government is so unique, we might as well be a republic unto ourselves. We elect a city council - which oftentimes has a newsworthy member (Think Bobby Shriver and Tom Hayden), and they chose a mayor. Rules and regulations branch off from there.

Santa Monica is an absolutely delightful place to live, which is why local real estate prices have gone up as

Venice in lights - July 2007
TIDBITS
What's the Cost of Going Solar?
While poverty increased for more than half of large U.S. cities from 1999 to 2005, Los Angeles and the other large Southern California cities experienced a decrease in both central-city and suburban poverty rates over the same period according to a report released last week by the Brookings Institute. The report used 2000 Census and 2005 American Community Survey (ACS) data to examine poverty trends in the largest 100 metropolitan statistical areas (MSAs).

The cost of solar panels has fallen by half in the past

Santa Monica Real Estate Courtesy of Jodi Summers and Sotheby's International Realty

This newsletter is brought to you courtesy of Jodi Summers and Sotheby’s International Realty. If you wish not to receive future mailings, please send an email with the word "unsubscribe" in the subject line to: jodis@verizon.net

Sotheby's International Realty, Inc. is Owned and Operated by NRT Incorporated. Jodi Summers & Sotheby's International Realty, Inc. do not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website.

© 2004-2007 jodisummers.com • All Rights Reserved • Powered by: Ground Zero