I read this wonderful article called, "Building a new Oakland" by Harry Hamilton the Public Information Officer in Oakland's Cultural Arts and Marketing Division. I was so impressed with how much business and housing development that is taking place in Oakland.
Did you know that Oakland has been recognized as the top commercial real estate market in the nation by Cushman and Wakefield? Some other key points that were discussed are:
* More than 15,000 units are in process citywide.
* The Desilva group's Monte Vista Development is well underway.
* Lion Creek's Crossings, a mixed-income project, has completed phase 1
* Suncal is fine tuning its plan for it's 167-acre parcel on the former Oak Knoll Naval Hospital.
*Cotter and Coyle's 74-unit project on MLK
*Development of the Oakland Army base and Jack London Square
* Kaiser Permanente has begun a massive construction project.
* The new Whole Foods Market at Harrison St. and Bay Place will open late September.
* Also opening within 12 months will be the new Trader Joe's stores in both Lakeshore and Rockridge.
This list goes on and on! Oakland is becoming an even more vibrant place to live, work and do business! To learn more about these grant programs and exciting developments signaling growing investment in Oakland, visit www.business2Oakland.com
Thursday, July 05, 2007
Tuesday, June 19, 2007
How to buy property in Mexico!
Once upon a time, Americans were not allowed to buy property in Mexico. And once upon a time this was true. Mexico had "restricted zones" and these zones included the coastal waters edge inland 30 miles, from the border inland 60 miles, and all of the Baja Peninsula states of Baja California and Baja California Sur.
Leasing and time shares were the only purchase options in those areas available to most Americans, until Mexico's Foreign Investment Act of 1993 and the North Atlantic Free Trade Agreement of 1994. Now it is possible to own property in the restricted zone with all the same rights as "fee simple" in U.S.
Since ownership became possible, Mexico's tourist meccas have exploded with U.S investment dollars and development growth. I went to Puerto Vallarta last year and there were so many developments happening I could barely keep track.
You must do your homework before you buy in Mexico. Here are some tips before buying in Mexico: Research the integrity of the developer, talk to others who have purchased in the proposed development, take out title insurance and the most important thing - do not drink margaritas before or during the signing. You may have forgotten what you bought in the morning!
Leasing and time shares were the only purchase options in those areas available to most Americans, until Mexico's Foreign Investment Act of 1993 and the North Atlantic Free Trade Agreement of 1994. Now it is possible to own property in the restricted zone with all the same rights as "fee simple" in U.S.
Since ownership became possible, Mexico's tourist meccas have exploded with U.S investment dollars and development growth. I went to Puerto Vallarta last year and there were so many developments happening I could barely keep track.
You must do your homework before you buy in Mexico. Here are some tips before buying in Mexico: Research the integrity of the developer, talk to others who have purchased in the proposed development, take out title insurance and the most important thing - do not drink margaritas before or during the signing. You may have forgotten what you bought in the morning!
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