Monday, January 02, 2006

OC Real Estate Transactions

DiGiorgio Development purchased a 67,000 square foot industrial building at 10741 Walker Street in Cypress for $3.6 million or $53.73 psf.

Tawa Supermarkets leased a 20,000 square foot industrial building at 6401 Regio Avenue in Buena Park. The term was 10 years and was valued at $1.42 million, per the leasing broker.

Core Realty Holdings of Newport Beach purchased a 65,300 square foot office building at 26550 The Old road in Valencia for $20.8 million.

Scott Pettifer, MAI, SRA

RIM BlackBerry in patent struggle- Don't Shut Me Down

I purchased the new Blackberry 8700 cell phone and organizer. I've been one of the few real estate appraisers that love and use a BlackBerry and have had one for several years. Love the superior push e-mail capability. The 8700 with Cingular will allow me to use the same device for cell calls and e-mail. I also purchased a wireless bluetooth headset Plantation Discovery 640. It should be a fun couple of weeks trying to get all these devices to work together. I hope BlackBerry maker RIM - A Canadian company doesn't get shut down and a lot of us lose the best e-mail device on the market. RIM is currently in a "take no prisoners" patent lawsuit with NTP. The lawsuit threatens to shutdown the entire Blackberry service after a settlement fell through in 2005. Its doubtful the Blackberry service will be shut down considering their largest single user is the United States Government. Anyway, RIM don't GO. Settle the lawsuit and lets get back to work. So far love the 8700.

Scott Pettifer, MAI, SRA