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Crime is bad in Oceanside. I would say that it is like Santa Ana on the coast.

I think Avenue One might have also originally been built as apartments. KHov bought it from the original developer at some point during construction. I don't remember who the original developer was.

Rents have been rising 4% to 6% for the last several years. Pretty high rent growth but hardly indicative of a bubble. I would think that if Irvine Co were to put up their apartment portfolio for sale to an institutional investor that it would sell for over $350 per foot. Maybe $350 per...

I live in Ladera. I really like it. Very family friendly....we have young kids and it is perfect for them. We were really attracted to the parks, pools, amenities, schools, and most of all the community environment. And it is a decent discount in price to Irvine. We really enjoy living...

<p>So if 10.4 mil sf is a 10.8% vacancy rate, there is plus or minus a 2% to 3% increase in vacancy from the supply pipeline. I agree that is not good....I guess what I was trying to say was that is not enough to cause a noticeable increase in cmbs delinquency rates.</p>

<p>IR,</p> <p>I know 2 million square feet is a lot, but even if that entire amount was delivered 100% vacant, I don't think it would have a huge impact on the county's vacancy rate.</p> <p>How many total square feet is the market?</p>

The credit crunch is causing business investment to grind to a halt. I don't think we can stay out of recession. Decisions being made by businesses right now are all on the conservative side. With business activity slowing, we know the consumer is not going to bail out the economy. The...

The drops in commercial lending are due to the same credit crunch. The secondary market is just not functioning so cmbs has completely dried up. The difference is that the commercial loans are still performing, versus residential loans that are not. Loan delinquency in commercial is still...

I think the ranch is in San Juan Capistrano. There are some big, equestrian areas out in the eastern part of SJC....out Ortega Highway. I would guess its out there.

Lennar is insane. It is exactly this type of product - high density, less desirable location, huge hoa, that is going to suffer the most in this downturn. The carrying costs have to be huge. I can't think that there is any way this will end well for Lennar. The longer they wait, the...

I did just read that post....right after I posted mine of course. I still think that is a minority of people in Irvine. lendingmaestro is up to his ears in that stuff right now because that is who is calling.....those are the people that need to re-fi. If you don't have an exploding mortgage...

I know several people that live in Irvine Co apartments that make $250K to $500K per year. They can certainly afford a $50,000 car and not have it be a facade. As for the $80,000 median income versus what we see every day.....I would be interested to see what the median income is in some...

I may be wrong here, but aren't all sales pretty much 'as is?'

<p>Institutions are accepting the low yields specifically because of expectations for revenue growth. Fundamentals in most property sectors are pretty strong in SoCal. These types of yields are not the norm nationally....only in markets where investors expect to see above average revenue...

Using 1998 as your starting point for home price appreciation might be off as the housing market was just coming out of a severe downturn, so prices were deflated. I am not sure what a good year would be considered for a 'base' when the market was in equilibrium.

Agree with acpme on Gina's over by UCI.

<p>It was developed by Legacy. They pre-sold it about half way through construction to Camden. That is about when the construction slowdown happened. Camden is an apartment reit. </p> <p>Just this last week, Camden put the property on the market.....trying to make a quick buck on a flip.</p>