March 2012

Found 5 blog entries for March 2012.

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FHA-insured mortgages provide benefits and protections for borrowers such as down payments as low as 3.5%, competitive interest rates, and financing options for less than perfect credit.  The current loan limit is $729,750 for a single-family home in the Bay Area.

A FHA insured mortgage may be used to purchase a new or existing 1-4 unit family home, a condo/loft unit, or a manufactured housing unit that is attached to a permanent foundation. Condominium projects must pass a rigorous approval process in order to become FHA-approved, thus allowing purchasers to utilize FHA financing.  Some of the guidelines for a condo homeowner's association (HOA) to become approved include a review of operating budgets and overall financial strength, owner

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Software maker Navis just landed the last of the office space in the new, 170,000 square feet Jack London Square Market, establishing the neighborhood as an employment hub as well as one of Oakland's premier loft and restaurant districts. 

According to an article in the San Francisco Business Times, Navis is a maker of logistics software will occupy 35,000 square feet on the fifth and sixth floors with over 150 employees.   The market building also houses the headquarters for law firm Kazan, McClain, Abrams, Lyons, Greenwood, and Harley, as well as solar-panel leasing company, Sungevity,  and Haven, a new eatery  by local restaurateur, Daniel Patterson.  The first two levels will be culinary-related vendors similar to the Ferry Building on the

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Architectural firms designing lofts in Oakland California. 

We frequently get asked by our architectural enthusiast clients about the history of a particular loft development as well as the specific details regarding which architect or architectural firm developed a specific Oakland loft building.

While this list is ever-evolving (and by no means designed to be all-inclusive), we did want to point out a few of the most popular lofts in Oakland and provide some insight into which architectural firms played a role in their creation.   Here goes:

  • Oakland's Pacific Cannery Lofts, 200 2nd Street Lofts and West End Commons townhouse development were all designed by San Francisco-based architects David Baker + Partners
  • The Brick House Lofts at 201 3rd Street were designed by Danville-based Flynn, Craig + Grant
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loft buildings in the East Bay. 

Many of our Bay Area real estate clients that are passionate for modern homes but want affordable modern living in an urban environment gravitate towards loft living in the East Bay.   

While residential and live-work lofts in the East Bay can be found in a few towns (including Berkeley and Emeryville), the largest concentration of loft buildings can be found in Oakland.   

If you are interested in exploring lofts for sale in Oakland, we would encourage you to take a look at some of the most popular loft developments in Oakland, including:

  • Alice Street Lofts
  • Brickhouse Lofts
  • Cigar Factory Lofts
  • Golden Bridge Lofts
  • GreenCity Lofts
  • Henry Street Lofts
  • New Market Lofts
  • Pacific Cannery Lofts
  • Phoenix Lofts
  • Portico Lofts
  • San
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In 2011, a total of 82 condominums and lofts sold in the Jack London/Warehouse District.  The average list price was $284,831 and average sales price was $274,957.  The average days on market (DOM) was 61 days.

Last year the highest price paid for a JLS unit was $749,000 (2 bed/2 bath unit in the Ellington) and the lowest was $57,500 (1 bed/1 bath bank-owned unit in Portabello).

2011 was a transitional year for the area. Sales were up, prices down and interest rates were and still are at an all-time low.  Banks started to streamline short sales resulting in fewer foreclosures, and some values were affected by litigation in one development.  Currently, we are seeing many buyers wanting to enter the market, but inventory is extremely low.

If

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