BUSINESSMAN DECIDES TO SWAP ONE BUILDING FOR MANY.Byline: GREGORY J. WILCOX VAN NUYS - By thinking small to win big, you might say Russ Goodman Goodman was a polite term of address, used where Mister (Mr.) would be used today. Compare Goodwife. Goodman refers to:
His company, Irvine-based Sares Regis Group, is developing the Van Nuys Business Center on 8 acres at 7500 Tyrone Ave. in Van Nuys. A 135,000-square-foot building, where Borg Warner once made valves for nuclear devices, is being demolished de·mol·ish tr.v. de·mol·ished, de·mol·ish·ing, de·mol·ish·es 1. To tear down completely; raze. 2. To do away with completely; put an end to. 3. . It's likely to be a winner for a couple of reasons that have been in play for months in the residential real estate market: strong demand and tight supply. Sares Regis is replacing that big building with 23 smaller ones that will range in size from 4,000 square feet to 9,700 square feet. The plan is to sell them, but leasing is also an option. They could be spoken for before they are finished, too. ``That's certainly the hope,'' said Goodman, regional president based in the Oxnard office. ``I think there have been almost no new small buildings available for ownership for a long time in that area.'' Also working in his favor is the fact that the vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rate for this type of property is between zero and 3 percent. Interest rates are still low enough, so owning a building is more attractive than leasing. Brett Warner, a principal at Lee & Associates LA North/Ventura Inc., a commercial real estate firm handling the property, said about 10 offers are on the table already. ``Guys are looking to secure facilities based on long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , low-cost debt. If they can do that they can control their operating costs operating costs npl → gastos mpl operacionales ,'' he said. And Bruce Ackerman Bruce Arnold Ackerman (born August 19, 1943) is a famous constitutional law scholar in the United States. He is a Sterling Professor at Yale Law School and one of the most frequently cited legal academics in the country. Biography Ackerman received his B. , president and chief executive officer of the Van Nuys-based Economic Alliance of the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , said the market is showing signs of life. His phone is ringing with firms interested in the area. ``It's not the volume we had three or four years ago, but it's more than last year,'' he said. Gregory J. Wilcox, (818) 713-3743 greg.wilcox(at)dailynews.com |
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