Bluestone and Hockley Real Estate Services

UPDATED 10-APR-2012

Michael Goldfarb wanted to buy a building for his growing software development company. The Small Business Administration (SBA) financing terms (at 10% down) were incredible and he knew that the monthly payments of purchasing a 5,000 sq ft building with the current 4% interest rates would be better than paying rent. He called up his broker, C.A. Hockley, and said “Let’s go find a building.”

They found the perfect building, with 20 parking spaces, close to the downtown, bus and street car lines. It was perfect! This brick faced edifice was built in 1924 by a name brand architect and had great character. Known as The Roman Building, this building was architecturally one of a kind, with marble columns holding up the front cantilevered roof, high ceilings, large windows and view of the river…[...]

UPDATED 4-OCT-2011

Bluestone & Hockley’s Commercial Department held a fund raising event at Menlo Park to benefit the Menlo Park Boosters Club…[...]

UPDATED 3-AUGUST-2011

Now is the time to plan for the replacement of your fluorescent lights and ballasts! As an owner/investor of real estate you need to figure out what kinds of lighting you have, because significant changes have been mandated by the Federal Government in regards to your lighting fixtures…[...]

UPDATED: 02-JUN-2009

Now is the time, in a recessionary economic cycle, when owners of investment properties begin to get calls from tenants about rent reductions, forbearance, assistance, desire to cancel their lease and a number of other requests for what amounts to financial assistance from their landlords. In these times it is hard for a landlord to know which way to turn given their own financial situation, the size of their mortgage and other variables.[...]

UPDATED: 01-MAY-2008

“I am sick and tired of having tenants fail” yelled Mulroney at his property manager. “You need to do a better job screening those tenants” he exploded as he slammed the phone down.”[...]

UPDATED: 01-APR-2006

The times are a changing. Landlords have gone through a three-year period of not being able to increase rents as their expenses have been increasing and their cash flow has been decreasing. The demand by investors for apartment properties has been supercharged. While interest rates were low and the demand from condo converters was high, sellers were able to sell their properties for significantly increased prices and low CAP rates. In our market CAP (capitalization) rates have plummeted from 8% to 6.5% over the past four years as prices have increased. [...]

UPDATED: 01-AUG-2005

Often real estate brokers are faced with deals that do not come together. Owners of real estate properties are not too happy when that happens. With this article I thought I would discuss some of the reasons commercial lease transactions might not close, and suggest possible strategies to help increase the closing percentage. [...]

UPDATED: 01-AUG-2003

The Lease Proposal is the first step to making sure all your bases are covered when you are negotiating a lease. [...]

UPDATED: 01-MAY-2002

Allen owned a local restaurant chain and was looking for a new location for another restaurant. He always worked with Sheryl Smith because she was so organized and his lease negotiations were so easy. Everyone wants easy negotiations, [...]