Archive for May, 2011

Caldecott Properties Presents UPAYA: Art Opening + Silent Auction for Children’s Art Education

May 24, 2011



 “Upaya” is Sanskrit for “skillful means” or “method.” It can refer to any activity, skill,
experience or practice (or event!) that helps toward the realization of enlightenment.

Come by next Thursday, June 2nd for art, musical/comedic performances + lots of goodies to bid on from our generous local vendors! (psst – we’ll have food + drinks too!)

Proceeds go to Emerson Elementary Art Program

Performances start @ 7:15*
Silent Auction from 6-9:15

artwork by:
Maja Ruznic
Joel Mancuso
Alison Frost
Liz Maxwell
David Ruth
Terry St. John
Emerson Elementary Students

performances by:
Albatross Choir
Alex Koll

auction donations provided courtesy of:
SF MoMA
Rialto Cinema Elmwood
Manifesto Bicycles
Cole Coffee

Slash
Tip Top Bike Shop
Flying Yoga

Red Hound
Almare Gelato
Dailey Method
Cocoon Bare

I Hella ♥ Oakland
Liz Maxwell

Reed Brothers Security
Muscle Milk
Studio One
+ many others!

* Parental Advisory: some content might not be suitable for young children
once the performances start at 7:15pm

when:
thursday 6.2.11
6.00pm – 10.00pm

where:
caldecott properties
5251 broadway oakland, ca 94618
510.594.2400
caldecott.com


RSVP on our Facebook page here!

Are Banks Hurting Real Estate Values? One Agent’s Opinion is “YES”

May 10, 2011

I am sure we all have experience in selling or buying short sales and REO’s. Maybe in your neck of the woods, it is different, but here in California’s Bay Area, it seems that banks are not making the right decisions and are not capable of communicating between departments and are indeed preventing real estate values from stabilizing or appreciating. Here are two examples:

1. I was representing a buyer in short sale, and had an accepted offer from the seller and bank approval.  Two  before close of escrow, the bank foreclosed, and the property was bought at the county court house steps for $50,000 less than the accepted short sale offer (this is a loss even with the costs of the sale). This is an example of a lender’s inability to communicate between departments.  Not only does this not make sense from a business / financial perspective, it also lowers the area prices by $50,000 on equivalent homes.  

2. I was representing a buyer in a REO condo purchase.  I had an accepted offer from the bank, and was going through the mortgage underwriting. The lender (for the buyer) decides NOT to do the loan, even after appraising the property at value, because the building does not meet a Fannie Mae guideline that was not designed for new construction.  The original developer  (whose name is on the Final Public Report issued by the California Department of Real Estate) still owns 40% of the total number of units.  This resulted in the buyer walking away after spending $400 for appraisal and $400 for inspections. The condo unit sold for $75,000 less than the short sale offer. All the condo owners in this complex  were negatively impacted by this sale which may result in these owners “strategically walking away” furthering the challenges faced in the current real estate environment.

You tell me the banks are NOT preventing real estate to rebound?

Antoine E. Pirson, MBA, CCRM, CCIM (candidate)
R.E. Broker and Investment Advisor
Caldecott Properties
5251 Broadway, Oakland, CA 94618
Office: (510) 594 2400 x 234
www.investmentpropertyfirst.com
Fax: (510) 594 2424
Lic Nr: 01372814

Home Alone House For Sale

May 7, 2011

(from uncrate.com: http://uncrate.com/stuff/home-alone-house/)

At the time it came out, Home Alone seemed like a dream scenario: no parents, a huge, awesome house to enjoy, and dimwitted bad guys to battle. While the no parents thing isn’t such a big deal anymore, and we’d rather not deal with armed robbers, you can still get the house. The Home Alone House ($2.4 million) is up for sale, offering old-school luxury and instant McCallister bragging rights to the owners. Built in the 1920s and located at 671 Lincoln Street in Winnetka, IL — roughly 30 miles north of downtown Chicago — this stately home features four bedrooms, a designer kitchen, dual patios, an outdoor greenhouse, a full, unfinished basement, and, yes, even the scary third floor. Keep the change, ya filthy animal. [Thanks, Andrew]

Orinda Theatre Celebrates With A Big Smile

May 4, 2011

Orinda, CA (May 4th, 2011) – Orinda Theatre celebrates its grand re-opening with a big smile. The only San Francisco Bay Area engagement will highlight a legendary comedian who has been called “the last great impressionist of our time”, Rich Little. The evening of laughs, fun, and excitement will be held on the big auditorium of the Orinda Theatre on Saturday, May 14th, 2011 at 8 PM. Organizers say that Mr. Little, who is a master mimic of at least 200 voices, including the voices of US Presidents and Hollywood celebrities,  will bring his famous Las Vegas Show to Orinda Theatre.

The evening of celebration promises to be full of extravaganza as our very own, well-known San Francisco Bay Area Film Critic, Jan Wahl, will host the show. It will also feature past Orinda Idol winners who will perform song renditions live.

It is set to have the entertainment vibe parallel to Vegas’ and New York’s Comedy shows, where people come to see, to be seen, and most importantly to enjoy the company of friends and relatives. It will be a night to remember for all.

The Orinda Theatre has re-opened its doors on Mar 28th, 2011 under a new management team that has been managing the New Rheem Theatre since June 25th, 2010.  The Lamorinda Community now has a 7-cinema complex that will present different movies in each theatre screen.

Ticket admissions are $35, and it will include the comedy show. The organizers have also created a $125 dinner package for a limited seating for twenty-five people, first come-first-served basis, with Rich Little. A Reception Ticket, $45, which includes light refreshments and limited to 100 people, first come-first-served basis, is also available. Tickets may be purchased at the Orinda Theatre’s Box Office, or at the theatre’s website (www.theorindatheatre.com ). For more details, e-mail OrindaTheatre@att.net or call 925.254.9065. Tickets go on sale Thursday, May 5th, 2011.