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Saturday, April 4th, 2020

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Posted by: | Posted on: April 4, 2020

Berkeley home with treehouse & Japanese tea room-style gazebo for sale for $1.7M


As we’re all spending more time at home than ever before, backyard amenities have become even more appealing, especially to those of us without any.

At 2582 Marin Ave. in Berkeley, a buyer could relax in a treehouse or a Japanese tea-room-style gazebo in their backyard, for $1.7 million.

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Posted by: | Posted on: April 4, 2020

Do You Have the Right To Know If Your Neighbors Have Coronavirus?

As the cases of coronavirus have surged, do neighbors have a right to know if someone living in their building has COVID-19?

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As the cases of coronavirus have surged and an increasing number of Americans are sheltering in place, more people are worried about catching COVID-19 from their neighbors. And while the prospect of having an infected neighbor in a cul-de-sac is scary, it’s far more terrifying if you live in a large apartment, co-op, or condo building with everyone sharing (and even coughing in) the same elevators, laundry rooms, and other common spaces.

The issue: At present, building owners and boards

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Posted by: | Posted on: April 4, 2020

LTC Sells Preferred Care Portfolio for $78M

Photo by Shutterstock

WESTLAKE VILLAGE, CA—Senior housing and healthcare REIT LTC Properties has finalized its sale of its Preferred Care portfolio. The deal has closed ahead of schedule, the company reports.

Combined net proceeds for the 22-asset portfolio was $77.9 million, with an estimated gain of $44 million. The portfolio had a combined net book value of $35.6 million.

One of the properties sold in 2019 while the remaining 21 properties sold in the first quarter of 2020. These included more than 2,500 beds across Arizona, Colorado, Iowa, Kansas and Texas, and they were sold through multiple transactions.

Preferred Care, a nursing home group based in Florida, filed for Chapter 11 in 2017. Wendy Simpson, LTC’s CEO and president, says that the proceeds from the sale will allow the company to pursue opportunities for future growth, “even in the midst of a particularly challenging environment.”

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Posted by: | Posted on: April 4, 2020

It’s Time for Home Buyers to Drive a Hard Bargain

Times of volatility create opportunities for investment—it’s true of the stock market and it’s also true of real estate right now.

Rarely was there such a sudden and universal jolt to housing markets in the U.S. as there was last month. In a matter of days, school systems closed, restaurants shuttered and a wave of stay-at-home orders extended from coastal states inward, as lawmakers raced to slow the spread of the coronavirus. Real estate agents called off open houses, sellers yanked listings from the marketplace and many buyers, even in some of the hottest housing markets, such as San Francisco Bay Area, put their house hunts on hold.

Recent directives from U.S. Homeland Security and some states like California clarifying that real estate, like garbage disposal and mail, is an “essential business” during the crisis has shown little sign of spurring agents, and, more importantly, their clients, to risk exposure

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