A place to come talk about the community changes Prices trends and the things that effect you as a property owner in Belmont Heights, Belmont Shore, Alamitos Heights, Naples and Buff Park.
For more Real Estate Assitance Ask Chris Goodmanson, www.chrisgoodmanson.com
Address: Marina Green Park 540 East Shoreline Drive
Fees Family Ride-$20 per participant 31 mile Tour of Long Beach-$45 per participant 62 mi Metric Century-$45 per participant
Registration Closing Date Thursday, May 06, 2010 @ 11:59 PM
Brief Description
Cyclists of all levels from beginner to experienced will enjoy riding in the 2010 Tour of Long Beach, a new addition to the Long Beach Bike Festival consisting of a relatively flat 31 mile route that will take riders on some of the best bike routes in Southern California including 22 miles of park and bike paths, many that have been recently enhanced and refurbished.
Ride Maps Primary Ride Map: Aid Stations at mile 6.73 (Dominguez Gap), mile 16.72 (El Dorado Park), mile 24.19 (across from Seaport Marina Hotel) and the Start/Finish Line Click Here
Overall foreclosure activity in Long Beach is down 3% overall from the previous month as of April, 7, 2010 according to First American CoreLogic. There are also a few interesting trends to note.
Overall notices of default in Long Beach, the first stage in the foreclosure process, are down 6% from last month. This is an important indicator of future foreclosure activity. Such a healthy decrease may indeed signal much lower foreclosure activity in the future.
The hard hit 90805 zip code has seen a 7% total declinefrom last month in foreclosure activity, with a noticeable drop in notices of default and bank owned properties. This is another healthy decrease that may indicate fewer distressed properties in the area in the near future and a normalizing market.
Both the 90803 and 90814 zip codes have seen a slight increase in foreclosure activity from the previous month. 90814 saw an 8% increasein foreclosure activity and 90803 saw a 5% increase. These areas which were not as hard hit by foreclosure activity as other areas of Long Beach may be showing the effects of falling values of higher end homes. But, that said activety in the higher end is up which could off set the market flex.
It looks like we are on an up swing more properties listed, more under contract, less property on the market, rising prices, higher end properties selling. less foreclosures in the market, and interest rates holding. The time to buy is now! Or atleast investigate the possiblilities in the market for you today, now?
The Skirball features an extraordinary museum, changing exhibitions, engaging music, theater, comedy, film, family, and literary programs, Zeidler's Caf, and Audrey's Museum store, and a new interactive family destination inspired by the Noah's Ark story all in a stunning architectural setting designed... more
I'm looking forward to hearing about the upcoming changes, Federal Housing Credit, Gen Y, Internet Marketing, Changes to National Association of Realtors, California Association of Realtors, Winforms, Coldwell Bankers plan for the future and meeting a number of my contemporaries, see CBCA's Kym Elder and Keynote speaker Tom Ferry. This should turn out tobe a fun, Interesting and educational day. twitter @chrisgoodmanson
In anticipation of a draft Environmental Impact Report release early next month, developers of the second+pch project have released a report saying the new project could generate $2.8 million per year for the city and create 930 fulltime jobs.
Property owner Taki-Sun has been trying since 2004 to redevelop the SeaPort Marina Hotel at the corner of Second Street and Pacific Coast Highway. After completing one EIR, residential home and residential development giant Lennar pulled out of the project in December 2007 after facing stiff opposition from the City Council and the public.
Ray and Amy Lin, owners of Taki-Sun and the SeaPort Marina, then turned to David Malmuth and Cliff Ratkovich, operating as Development Services Group. The partnership started over, creating a mixed-use development for the 11-acre property. The plan calls for 220,000 square feet of retail and restaurant space, a 100-unit boutique hotel, 95 hotel-condominium units and 230 residential units in a mix of lofts, flats and townhomes.
A key in what the developers call the gateway impact of the property is the 12-story hotel on the south end of the property. The rest of the buildings range from five to two stories, mostly with retail or restaurant space on the first floor. There are plans for a second-story “pier” and walkway aimed at the Alamitos Bay Marina, a 99-seat theater for the California Repertory Company, an interpretation center for the Los Cerritos Wetlands and other enhanced public spaces.
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Robert Charles Lesser & Co. prepared the economic impact report released this week. It says that once completed the new project would generate $2.8 million for the city through taxes and fees generated by the property. That figure does not include the “multiplier factor” often used in economic forecasts, Malmuth said.
“The $2.8 million is annual new revenue for the city, over and above what is currently generated by the existing hotel and related operations,” Malmuth said. “These funds can be used for critical hiring needs such as police officers and fire fighters, infrastructure repairs or other underfunded city services.”
In addition to the revenue, the completed project would create 632 jobs onsite. With the multiplier of additional jobs throughout the region, the report claims 930 new fulltime jobs.
Development of the $362 million project would require 1,335 construction jobs, the report adds. The cost to provide increased municipal services once completed is estimated at $560,000 annually, leaving a net revenue increase of $2.25 million a year.
Taki-Sun has promised that Long Beach residents will be given priority for all the new jobs.
“Cities across Southern California are focused on job creation and attracting new businesses,” Ratkovich said in a release. “What they can’t ensure is that those jobs will go to their residents. Here, the property owners have said we want to support our community and make sure the jobs we’re creating benefit our neighbors in Long Beach.”
The financial analysis ultimately will be part of the larger EIR. Carl Kemp, who represents Taki-Sun, said the draft EIR should be ready in early April.
Once that document is released, there will be a public comment period of at least 45 days. The developer and their consultants then must answer those comments before a final EIR is forwarded to the city’s Planning Commission for approval.
The project has had opposition since the beginning, with environmentalists complaining about the impact on the wetlands and surrounding area, nearby residents worried about traffic impacts and opposition to the height of the buildings, particularly the 12-story hotel.
Under current master zoning (called SEADIP, or Southeast Area Development and Improvement Plan), buildings can be no more than three stories tall, so the development would require conditional use permits and zoning exemptions.
Once the Planning Commission rules on the EIR and related zoning changes, the development will need approvals from the City Council and the state Coastal Commission. The developers have said that the permitting process likely will take at least another year.
Millions to the community Better traffic flow to PCH 7th to Seal Beach..
I'd like to hear what you have to say twitter @chrisgoodmanson or http://www.lifeinbelmontheights.com/
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