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I think MBK is backed/owned bt Matsui out of Japan. They built at least 2 or 3 projects in Ladera Ranch.

I love it. It is great for parties, etc....but probably a little expensive. I would stick to the San Juan location, the San Clemente location is a little sterile. It is certainly not a fancy place but the food is pretty legit.

10 different appraisers measuring the same house will come up with 10 different square footage numbers. This isn't an indictment of appraisers, just the reality of what happens when you try to measure square footage by hand.

A decent rule of thumb cap rate to use for something like this right now would be about 8%. $150 per foot sounds low to me. If you use an 8% cap rate and assume the rents are all NNN (no expenses go through to the landlord, all paid by tenants), you would need a rent of $1 per foot per...

I work in large multi-family investment area and I would say that prices have started to tick back up in the last 60 days. I don't know if that is applicable at all to industrial condos, but it is definitely happening. When people say that commercial RE is about to blow up and has years...

As a couple of others have said, slab leaks are a reality and pretty much inevitable. If you want to buy older properties (20 years or older) I would not be shocked to see a slab leak at any of them. I wouldn't expect it, but it wouldn't shock me. I don't think it is an issue that should...

Why not buy something like a 4-plex for rental instead. Obviously that means 4 times as many tenants, but 4-plexes will sell based on being cash flow positive. You'll have to put 25% down, but you can probably buy an OC 4-plex for $500K or $600K and get about a 5% cash return on your down...

Driving by it looks like there are at least a few people living there. I saw some furniture on a few balconies and some people actually sitting in it. I think there is one HOA for Astoria and then a 2nd master HOA for the Central Park West development as a whole. I would think the 2nd HOA...

Sunny Hills is extremely desirable because of the schools....some of the best on OC. Values are likely to be slower to adjust there because of that...similar to Irvine and pretty similar demographics to Irvine. I would guess that the market will track pretty closely to Irvine.

They have a ton of assets that are deep underwater. Their entire purchase of that Equity Office San Diego portfolio is worth a fraction of what they paid. Also their purchase of Archstone's San Diego County and Orange County apartment portfolios are worth a fraction of what they paid. Both of...