Below are the 4 most recent journal entries recorded in agnesclaudine's InsaneJournal:

Friday, September 24th, 2010
3:29 am	Final week's completion from the Highway 89A/Granite Dells Parkway interchange has triggered another major move in the area: the opening of land sales for the 500-acre commercial complex surrounding the brand new interchange. In a Wednesday press release, Cavan Real Estate Investments announced that it had named the brand new commercial complex and had opened the land product sales for your project. Officially known as the Prescott Commerce Center, the 500-acre site will offer commercial land for a range of uses, stated the press release, such as big and little retail shops, skilled services, hotels and restaurants, health care operations, education opportunities, research and improvement firms, and light industrial companies. While the Cavan industrial complex got the essential approvals from the Prescott City Council more than a 12 months ago, Al Bradshaw of Bradshaw Public Relations - the spokesman for Cavan - stated the marketing from the complex has largely been on hold until the completion of the interchange. "We have been planning how we would do the advertising," Bradshaw said Wednesday. "But frankly, we had been waiting for your opening from the interchange." Prescott Mayor Marlin Kuykendall also mentioned the importance of the interchange towards the eventual industrial development of the region. "Obviously, any business and economic development is probably going to be in that direction because from the freeway entry," Kuykendall stated from the former ranchland in northeast Prescott. "It is extremely simple entry to obtain to Phoenix," the mayor said, including which the complicated also offers "proximity to Chino Valley and Prescott Valley." In the press release, Kuykendall refers towards the Prescott Commerce Middle as "the middle of the universe for new business in Prescott," although Metropolis Manager Steve Norwood calls it "Prescott's new business address." Since the city's July 2009 approval of the project and its related annexation, Bradshaw stated the undertaking has generated inquiries from prospective tenants. "There has been some interest already in the property," Bradshaw said Wednesday. He added that the complex has attracted one letter of intent, although he stated he "is not at liberty to say what type of business it is." With Wednesday's announcement, Bradshaw said the business plans to kick off a advertising program that will include a brochure, as well as the continuation of discussions with prominent commercial brokers. According to the press launch, the advertising campaign "will present Prescott as one of Arizona's premier regions and will highlight a few of the accolades that have been bestowed upon the city," including Prescott's current appearance on nationwide lists such as one of five top places to retire by Money Magazine Country House Plans. Despite the current downturn in the economy, the developers and city officials expressed confidence which the new industrial region would help to stimulate growth within the area. "We are confident which the economy will turn around, and when it does we think Prescott will be one of Arizona's shining stars," said Dave Cavan, owner of Cavan Real Estate Investments of Scottsdale. Kuykendall said he expects to see business booming in the Prescott Commerce Middle inside the next two to five years. Bradshaw stated that Cavan hopes that development will be under way in the complicated even sooner than that. Meanwhile, Kuykendall said the slowdown in growth is allowing for one main advantage: the time to strategy for the future. "The current financial conditions are giving us the opportunity to do better preparing and working with future employers and manufacturers," he said, adding which the absence of homes within the area also permits for much more flexibility in attracting various types of companies. The commerce center encompasses all four corners from the interchange, for which Cavan donated about 35 acres, with an appraised value of $1.4 million. Together with the 500 acres of the commerce middle, Cavan also owns about 16,000 acres of the former Granite Dells and Point of Rocks ranchland. Builders have touted the Prescott Commerce Center as Prescott's largest industrial complicated to date. A cost/benefit analysis contracted by the city estimated the financial advantage at $81 million and 4,800 jobs over a 25-year build-out period. Last week, the city officially dedicated and opened the brand new $17 million interchange at Freeway 89A and Granite Dells Parkway - a project that some local residents have questioned, dubbing it the "bridge to nowhere." Source: The Daily Courier News (Comment on this)
3:27 am	Zillow, Media General expand real estate marketing agreement Media Common Inc., the parent company from the Tampa Tribune and WFLA-Channel 8, has expanded its partnership with real estate advertising organization Zillow.com which will allow real estate listings to go beyond the newspaper web sites and onto television web sites. This may make Media Common the first member of the Zillow Newspaper Consortium — which the Tribune joined in 2008 soon after it formed — to use branded advertising through its tv station sales teams. With the deal, Advertising General’s broadcast web sites will now include ZIllow’s search functionality where users can enter a house address, neighborhood or locality and find estimated home values, recently sold houses, homes for sale, homes for rent, open house listings and local market information. Marshall N. Morton, Media General’s chief executive officer, stated in a release that his company has been a consistent product sales leader for Zillow goods at its daily newspapers. WFLA has already been offering Zillow goods, along with Media General-owned stations in Richmond, Va., and Winston-Salem, N.C., where the organization has converged operations, said Ray Kozakewicz, a spokesman for Advertising Common. Those offerings will now expand to the company’s 15 remaining stations. Advertising General (NYSE: MEG) reported a $4.3 million, or 19 cents per share, loss in the second quarter, on income of $166.2 million compared having a $20.6 million, or 90 cents per share, acquire the 12 months before on revenue of $163.4 million. Broadcast revenues in the quarter, particularly at WFLA, were up from $64.1 million to $72.5 million, largely from increases in political marketing spending. WFLA had a 17 percent boost in marketing income within the quarter. Media Common shares were trading at $8.93 just before 2:30 p.m. Thursday, down nearly 2 percent from Wednesday’s close of $9.09. Shares have traded between $7.24 and $13.60 over the past 12 months having a marketplace cap of $206 million. Source: Tampa Bay Business Journal (Comment on this)
3:24 am	8 Ways to Find Great Real Estate Deals With so many foreclosures and distressed qualities obtainable, the present market conditions have resulted within the chance of a lifetime for savvy traders. Discovering fantastic deals is one of the most essential issues for successful traders to complete. That said, it takes much more than just evaluating a couple of deals. Investors should get a ton of deals coming into their pipeline, efficiently weed out the duds and choose the best from the prospects. Here are 8 ways to discover great deals. 1. Brokers, Agents – Contact a lot of agents. Produce a list of REO agents, even call title and get agent contact info. Discover agents who have plenty of REOs and are good with investors. Give them your standards. They can and will do a great deal from the work for you. 2. Discover asset managers at banks and agents that can send you qualities before they go on the MLS – Being in a position to snatch up deals with no competitors is large. If you prove that you can close on deals more than and over you'll maintain obtaining fed fantastic offers. If you bail on offers without good cause you will risk ruining a extremely useful relationship. Treat the bank/sellers with respect and don't waste their time. 3. Wholesalers – Produce relationships with wholesalers. They are specialists at discovering great deals. Give them your standards and when a prospect is worthy you are able to jump all over it. 4. Marketing, Advertising, Marketing – You will find so many foreclosures nowadays, but you will find still distressed homeowners not in foreclosure. People face monetary hardships, divorce, probate, absentee owners, etc. It is strongly recommended to have great targeted marketing campaigns to bring in more offers to your pipelines and also the opportunity to negotiate straight with the vendor. 5. Court House Actions – I know several individuals who purchase right on the court home steps. One large benefit is there is often very small competitors. One disadvantage is that you cannot get into the home to do an inspection and thorough due diligence. But you can see the outside and do as a lot due diligence as possible. Many great offers are bought at the courtroom house actions. 6. For Sale by Proprietor – Houses offered by the owner are often not listed and do not get as a lot activity. They usually go for much much less than listed qualities and present a fantastic opportunity to negotiate straight using the seller. Don't offend the seller, if you are too far apart simply decline but schedule a time to check back periodically as time will make the seller more negotiable. 7. Respond to Ads – Reply to advertisements in newspapers, craiglist, publications, online and social media. You will find a lot of great deals and motivated sellers posted on advertisements. You are able to even provide a lease choice to for rent or for sale properties. Make sure to follow up. 8. Word of Mouth – Tell everyone what you do and to let you know if they know of a house that has to be offered. Many fantastic deals are brought to traders by individuals they know. Source: Bigger Pockets Blog (Comment on this)
3:20 am	Miami condos stage an upscale revival It was all about glamour on the kickoff of Fall Style Week in Miami on the posh Icon Brickell, exactly where models posed in Versace's newest designs, the Fleur de Lis cocktails flowed and also the $90,840 purple chinchilla coat for sale was hot, hot, scorching. Apparently, someone got Monday's memo that the recession is over, simply because they had been partying like it absolutely was 2004. ``This is very reminiscent of the great old days when we had been riding the wave with the real property marketplace,'' said Andrea Greenberg, vice president of marketing for Fortune Worldwide, which co-manages sales at the $1 billion condominium complicated on the 400 block of Brickell Avenue. Indeed the vision with the organizers for Tuesday night's event -- Lot of money Worldwide, fashion designer Versace and Ocean Drive Magazine -- was to revive the allure of high-end actual property. The exclusive party for about 125 was geared largely to ladies, all considered potential purchasers of Versace's upscale items and Icon's luxurious condos. ``At the peak of the real estate boom we hosted some of the most lavish parties this city has ever observed,'' Greenberg stated. Upscale events that cater to a sophisticated crowd like the fashion celebration at Icon Brickell are an essential part of a marketing strategy at luxury real property projects. On the same night as the Icon Brickell Versace event, the nearby Marquis Residences, the city's second-tallest tower at 694 feet, hosted an ``evening of discovery'' to showcase to some 400 guests its unique Collection by Tui Way of life. Lori Ordover, managing director of Africa-Israel USA, the developer of Marquis Residences, said such events are ``essential for sales.'' ``Besides attracting the attention of potential buyers,'' Ordover said, ``these events impart the high quality, ambience and way of life of a property to brokers. The broker, after attending the occasion, can speak with confidence to their clients about the worth of the project.'' Marquis prices range from $375,000 to $2.6 million. These days, with lower condo costs and new ownership, gross sales are up, according to Edgardo Defortuna, president and founder of Fortune Worldwide. Icon is 60 % sold, with 195 closings in the past three months. Units are becoming provided for $213,000 to $1.5 million. So the celebration is on. At Tuesday night's fashion event models swished by in Versace's glamorous dresses beneath a crystal chandelier within the Icon's party room. Visitors sipped Chambord drinks and La Marca Prosecco, two Fashion Week sponsors along with BING, HSBC, Infiniti and others. A makeshift Versace boutique was set up within the ``Spinning Room,'' where residents usually physical exercise in bicycle ``spin'' classes. On sale was a brief jacket made of goat hair, wool, and silk, for $6,975. Two visitors agreed it would look fantastic around the lead character with the Girl with the Dragon Tattoo. ``Miami is all about glamour,'' Defortuna stated. ``It's a lifestyle. Luxury was connected with glamour in the growth occasions and I do not see why it shouldn't be now.'' Amongst the guests was Faisal Matrook, a 55-year-old developer from Dubai, who recently bought three units at Icon Brickell. He stated he liked the location, grandness, luxury amenities and the architecture. ``This is really an icon undertaking, the name suits it,'' he stated. Also within the crowd was 35-year-old Suzy Buckley, Editor in Chief of Ocean Drive, who recalled similar events during the ``halcyon days'' of 2003 and 2004. ``If you were invited to a preconstruction actual estate celebration,'' she stated, ``you knew it absolutely was going to be the best party in town. A great deal of us purchased condos. It was all about lifestyle.'' Source: Miami Herald News (Comment on this)