Archive for October, 2008
Posted in October 31st, 2008
I had the pleasure of meeting with a group of investors from out of town yesterday to discuss the potential of a local project. To make a long story short, they are part of a larger investor group from Salt Lake City, and asked me to fly back with them to present some information today […]
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Posted in October 31st, 2008
Here’s the final Daily Data Discussion post of the week – a look at the worst markets in our Multifamily Market Fundamentals Job Subscore rankings.
Economic news has been sobering for some time in the Midwest, and today’s rankings continue to support that trend. The manufacturing dependent local economies have a long way to go towards […]
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Posted in October 31st, 2008
“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas Edison
Technorati Tags: redfish quote of the day
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Posted in October 30th, 2008
Over the past several weeks that we’ve been sharing information from Ed – an 81 year old gentleman who wears multiple hats around here – advisor, mentor, sometime partner, board member, and friend. Ed’s physically and mentally the equal of most 30 years his junior, and is a long time multifamily investor.
The feedback we’ve received […]
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Posted in October 30th, 2008
The media is off and running with the news today about the decline in third quarter GDP reported today by the BLS at -0.3% - in all honesty – that number will probably get revised further downward.
Here’s a link to the full report from the BEA.
The BEA summary –
Real gross domestic product — the output of […]
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Posted in October 30th, 2008
Bayer HealthCare received license approval for a new sterile filling facility in Berkeley. The approval came from the European Medicines Agency; the Food and Drug Administration had given approval in August. The facility will expand Bayer’s production of Kogenate FS, a hemophilia treatment.
State Compensation Insurance Fund, one of California’s largest worker’s compensation insurers, opened a […]
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Posted in October 30th, 2008
Today let’s shift back to the world of multifamily investing and take a look at a very important parameter all investors must consider when looking at a market - jobs (that’s a four-letter word) and job growth.
Quite similarly to what was posted on Tuesday of this week - those who read our blog regularly as […]
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Posted in October 30th, 2008
Seven National Crimes:
1. I don’t think.
2. I don’t know.
3. I don’t care.
4. I am too busy.
5. I leave well enough alone.
6. I have no time to read and find out.
7. I am not interested.
- William JH Boetcker
Technorati Tags: redfish quote of the day
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Posted in October 29th, 2008
Over the past few days we’ve seen and heard multiple references to Paul Krugman’s NYT op-ed from 2005 in which he used the terms “the Zoned Zone” and the “Flatland”. This article keeps popping up when folks are discussing the latest round of Case-Shiller data.
In this piece Krugman presciently noted some trends that later blossomed […]
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Posted in October 29th, 2008
There are probably not many in the country today who are surprised at the action of the Federal Open Market Committee in reducing the target for the federal funds rate 50 bps to 1.0 percent.
Here’s the FOMC statement for those so inclined.
The Federal Open Market Committee decided today to lower its target for the federal […]
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Posted in October 29th, 2008
Recent Economic Updates for San Antonio, TX include:
Toyota is resuming production on its Tundra line in San Antonio November 10. Toyota Motor Manufacturing’s 2000 workers at the plant will open 1 of 2 production lines, while continuing to work on improvement projects and training. Production had been halted in August, and it is hoped that […]
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Posted in October 29th, 2008
Recent Economic Development Updates for San Diego include:
In the field of health care, Anthem Blue Cross and La Maestra Community Health Centers have recently completed underwriting on a new health center, which will house 200+ patients and more than 100,000 patient visits annually.
The U.S. Navy has awarded CSC a $172 million contract for continuation of […]
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Posted in October 29th, 2008
Today we will continue with the same topic started in yesterday’s Daily Data Discussion post – looking today at the worst markets in our proprietary Single Family Market Fundamentals Demographic Subscore rankings.
We had several questions yesterday as to the sourcing of our data; we rely on a variety of sources for the information. Sources typically […]
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Posted in October 29th, 2008
“It is defeat that turns bone to flint, and gristle to muscle, and makes a man invincible, and forms those heroic natures that are now in ascendancy in the world. Do not, then, be afraid of defeat. You are never so near to victory as when defeated in a good cause.” – Henry Ward Beecher
Technorati […]
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Posted in October 28th, 2008
Ah – one of our favorite days of the month around the office every month – Case-Shiller data day. It’s time once again for the breathless media to crow about what a disaster the nation’s single family market is – once again making the oft-repeated error of assuming that as the CSI data goes, so […]
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