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Fresno Real Estate News

Clovis City Council OK’s largest apartment complex in a decade

21 Oct 2014 17:45:00 +0000

Source: The Fresno BeeBy Marc Benjamin The Fresno BeeOctober 20, 2014An apartment project that is the largest approved in Clovis in 10 years was supported by Clovis City Council members Monday night. The vote was 5-0 with no public opposition. The plan for 144 units that can be converted to condominiums is near the corner of Dakota and Clovis avenues, east of the city’s recreation center and old winery site. Under city guidelines, the property could have handled twice as many apartment units, said Laurie Doyle, vice president of development for Clovis-based Regal Development Group. She said the developer held two neighborhood meetings where traffic was a focal point, but there were no other significant concerns raised by neighbors. All the apartments will be single story, Doyle said. An office/recreation center with a manager’s unit is the only two-story building on the 19.6-acre property, she said. The plan includes the flexibility to become a condominium development, which is allowable under city guidelines, said Robin Kane, a Fresno apartment investment adviser. Kane said the local condominium market is sporadic in the Fresno area. It was strong about 10 years ago and in the early 1980s and could improve again, depending on the rise of housing prices. The Montage condominium development, approved by the Clovis City Council in 2005, had 255 units proposed, but only 81 have been built, city officials said. The last apartment complex approved that was larger in Clovis was the 178-unit Copper Beech project on Gettysburg Avenue and Sierra Vista Parkway in 2004.URL to original article: http://www.fresnobee.com/2014/10/20/4189505_clovis-city-council-oks-largest.html?rh=1#storylink=cpy For further information on Fresno Real Estate check: http://www.londonproperties.com


Granville building Brio! on Broadway in Mural District

11 Oct 2014 00:43:00 +0000

Source: The Fresno BeeBy BoNhia LeeWhen one downtown Fresno development from Granville Homes opens, the dirt on another begins moving. Construction is underway on the homebuilder’s ninth project in the Mural District called Brio! on Broadway. The builder celebrated the grand opening of its Crichton Place development on L and San Joaquin streets in July. And looks like some heavy machinery started underground work Monday on a lot near the Metropolitan Museum, on Van Ness Avenue and Stanislaus Street, where Granville plans more apartments. Back at Brio, 14 new two- and three-story buildings are being built and an existing house, formerly home to the Marjaree Mason Center, is under renovation on Broadway Street, between San Joaquin and Calaveras streets. Brio will have 52 units ranging in size from 602 square feet to 2,173 square feet. The house will be used as a clubhouse. Some apartments will have an attached garage and private patios or balconies. All units will have energy efficient appliances, custom cabinets, and white quartz counters. Rents will range from $825 to $1,500. A construction tour of the project will be held from 11 a.m. to 2 p.m. on Saturday. Hard hats will be provided. Closed-toed shoes are required. Brio is expected to be completed early next year. For information visit www.RentGranville.com. Read more here: http://www.fresnobee.com/2014/10/09/4164592/granville-building-brio-on-broadway.html#storylink=cpy For further information on Fresno Real Estate check: http://www.londonproperties.com


CoreLogic: Fresno home prices up in August

09 Oct 2014 00:27:00 +0000

Source: The Business JournalHome prices in Fresno were up 8.1 percent in August compared to last year, according to a new report from CoreLogic. Month-over-month, home prices in the city increased by 1.4 percent in August compared to July. Excluding distressed sales, the year-over-year prices increased by 7.6 percent while month over month increased by 1.1 percent. In California, home prices increased by 9.2 percent, or 7.8 percent excluding distressed properties, while nationally prices increased 6.4 percent. This change represents 30 months of consecutive year-over-year increases in national home prices.URL to original article: http://www.thebusinessjournal.com/news/real-estate/14168-corelogic-fresno-home-prices-up-in-august  For further information on Fresno Real Estate check: http://www.londonproperties.com


Huntington Boulevard homes given historic designation

26 Sep 2014 18:59:00 +0000

Source: ABC 30.comBy Gene Haagenson FRESNO, Calif. (KFSN) -- More homes have been added to the list of historic places in Fresno. The city council added seven homes on Huntington Boulevard. The majestic homes along Fresno's Huntington Boulevard were an early example of progressive urban planning, centered around public transportation. Fresno's Historic Preservation Specialist Karana Hattersly Drayton explained, "Developed in 1907 as a streetcar line by Albert Wishon, who's house is next door, and in 1911 it was developed as a streetcar suburb, the Alta Vista Tract. It was a commuter's paradise, it's exactly it. Streetcar suburbs were all apart moving a little further away from downtown, maybe you didn't need your horse and buggy anymore, you jumped on a streetcar and went downtown." The streetcar tracks that went down the center of the wide boulevard are gone, in their place, a wide, grassy corridor separates both sides of the street. There are more than 100 homes on the boulevard, most are historically significant. Only 10 have been given a historic designation. Seven were just put on the local register of historic resources by the Fresno City Council. Melissa Black is excited to have her Italian Renaissance style home on the register. "I'm the fourth owner of this house which is pretty remarkable in that it was built in 1924. One of the things I'm excited about with the historical designation is that now I know this beautiful work of art will be preserved into the future. Whether it's me or the next person going forward we have established this is something really special." So, what does being on the register mean? Drayton explained, "What being a registered property does do is protect the exterior." Any renovations to the outside have to be historically appropriate. Anything goes on the inside, but most homeowners love the charm and interior craftsmanship. And the for the city, the more homes that make the list, the longer the legacy of Huntington Boulevard will last. Hattersly Drayton told the City Council, "It's considered one of the great boulevards in the world."URL to original article: http://abc30.com/news/huntington-boulevard-homes-given-historic-designation/324999/  For further information on Fresno Real Estate check: http://www.londonproperties.com


Catering trend brings hot meals home

25 Sep 2014 00:21:00 +0000

Source: The Business JournalWritten by Hannah EsquedaSeveral new meal service trends have come to the Fresno area this summer, ensuring customers can enjoy decadent meals served up right at home. One local catering trend offers customers a homemade weekly dinner delivered oven-fresh right to their door. Patty Ochinero of Ochinero’s Catering said she only began offering the meals to residents in Fresno and Clovis in August, but already has seen a growing demand for the service. “People love having homemade meals delivered to their doors,” she said. She has an average of 12 customers a week and plans to put a cap on the number of meals offered once demand gets higher. Orders must be placed by Monday in order to receive a meal delivered that Wednesday. The $55 meals can serve up to four adults and come with a main dish, two side dishes and dessert. Ochinero offers a fixed menu and does not allow for changes or substitutions. Ochinero cooks the food in the kitchen at Piemonte's Deli in Fresno’s Tower District where she also sells her homemeade jams and jellies. She said she tries to buy local whenever she can in order to support local food growers. In August her menus ranged from lasagna and garlic bread to skewered salmon in an apricot ginger glaze. Menus are posted on her website and Facebook page a few days in advance so people can see what they are ordering. For the most part, Ochinero said her publicity has been word of mouth. “It’s kind of a new thing, a new idea and the response has been great,” she said. The trend has already caught on in larger cities like San Francisco, said local caterer Nancy Vajretti, owner of Love and Garlic Event Design and Catering. Her company focuses on more traditional catering services but Vajretti said in the past she has offered homemade meals on a larger scale. Vajretti said she has heard of several Bay Area companies focusing on the more intimate home meal delivery trend but is unsure if it will catch on in Fresno. “It’s very big in the Bay Area because they have the mindset for it and they have the income for it,” she said. Vajretti noted that most couples in the Bay Area both work long hours and may not have the energy or time to prepare a home-cooked meal when they get home. But Ochinero said there is a similar need for the meal service in Fresno. In addition to appealing to couples who work long hours, the meals are often given as gifts. “I’ve had one customer who is a real estate agent and she will buy the meals to give to her new homeowners, it’s a great housewarming gift,” she said. The meals are meant to take the stress out of dinnertime and therefore serve as a nice gift for new mothers or when a family member is in the hospital, Ochinero said. Currently, she makes all the deliveries herself but plans to hire more help once demand grows. The delivery process takes her several hours each Wednesday, but meals are always delivered warm, she said. That component is what sets these newer meal delivery services apart from others, Vajretti said. “There are numerous restaurants in Fresno that offer delivery but few do it right,” she said. “It’s a great thing if one can receive it hot because then all [the customer] has to do is set the table.” Another local catering company is going one step further and bringing the fire directly to its customers. Clovis's Teppanyaki 2U offers clients the grilled Japanese fare while also putting on a cooking show. The business has only been operating since June but is already booked for every weekend in September, owner Eric Sunamoto said. Sunamoto said the idea for the business came to him when he was planning his daughter's birthday party. “I wanted to get a taco truck but my daughter wanted teppanyaki,” he said. That's when he realized there was a need for the mobile service. While he doesn't personally cook the meals, Sunamoto said he was trained in a Japanese kitchen and worked for several restaurants before venturing out on his own. Sunamoto said that as far as he knows, his is the only service in the country offering to cook the traditional Japanese cuisine at someone's home, but the idea is already spreading to other markets in California. “My sister is planning to start one in San Diego and I have a friend in Santa Monica who is also interested,” he said. Sunamoto said the catering services would most likely be independent of each other rather than part of a chain with his Fresno business. For now, he is focusing on meeting demand in the Central Valley. Teppanyaki 2U has six chefs on call and each one can cook for up to 50 people, he said. “We have a party booked for 250 people in January. That will probably take all my chefs but we can handle it,” Sunamoto said. Based in Clovis, Sunamoto said the business works at parties throughout the area, including parts of Tulare County. “I don't mind traveling a bit if they're willing to pay for it,” he said. There is a $300 minimum for the service regardless of party size and the business offers a selection of meat and fish including shrimp, filet mignon, lobster and chicken. Sunamoto and Ochinero represent how the catering industry is being forced to adapt as Americans change their dinner habits. “No one throws dinner parties anymore. People are busy now and less likely to want to entertain,” Vajretti said. Hiring services like Sunamoto's Teppanyaki 2U helps kill two birds with one stone as customers get a fresh gourmet meal while guests are entertained with a fiery cooking show. By tweaking the traditional idea of a catering service and emphasizing the convenience for customers, businesses are able to carve out a niche in the market, Vajretti said. The eat local and community supported agriculture movements have also helped set up a client base for businesses like Ochinero's, she said. “It’s definitely trending right now,” Vajretti said.URL to original article: http://www.thebusinessjournal.com/news/small-business/13956-catering-trend-brings-hot-meals-home For further information on Fresno Real Estate check: http://www.londonproperties.com


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Real Estate News

Billionaire Says Real Estate is Best Investment Possible

22 Oct 2014 11:00:23 +0000

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated: "I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.”


#1 Reason You Should Sell Now

21 Oct 2014 11:00:53 +0000

The price of any item (including residential real estate) is determined by ‘supply and demand’.  If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease.


5 Demands to Make on Your Real Estate Agent

20 Oct 2014 11:00:03 +0000

Are you thinking of selling your house? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the commission they charge just like a great doctor or great accountant.


Single Women & Homeownership [INFOGRAPHIC]

17 Oct 2014 11:00:34 +0000



Fannie Mae Agrees: Hire a Pro to Sell Your House

16 Oct 2014 11:00:09 +0000

Do you really need an agent to sell your house in today’s market? Here’s what Fannie Mae suggests to sellers on the Know Your Options section of their website: “Select how you'll market and list the home (e.g., with a real estate agent or for sale by owner). There are pros and cons to each, but unless you are experienced at selling homes, it usually makes financial sense to get professional help—homes sold by agents typically sell at a higher price and spend less time on the market. An agent will also help you determine the best pricing for the house, they'll market the home, and they'll be your advocate throughout the process.”

Dane Wildey, Broker Associate - Top Real Estate Agent on LessThan6Percent


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Dane Wildey,

Broker Associate, London Properties

BRE #01718720

6442 North Maroa
Fresno   CA 93704

888-336-5326 559-323-LOOK (5665) 559-354-0470 (FAX)
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