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Exclusive Listings by Lloyd
Wertheimer
















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Commercial Real Estate
Westlake Village
Telephone
805.497.4557
FAX
805.496.3589
E-Mail Address
Lloyd@Westcord.com
Address
951 Westlake Blvd
Suite 101
Westlake Village, CA 91361 |

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Commercial Real Estate
Westlake Village is represented by Westcord Commercial Real Estate
Services and Lloyd Wertheimer, serving the Commercial Real Estate
Industry for over seven years. Commercial Real
Commercial Real Estate Westlake Village specializes in the lease and
sale of office space and industrial properties in Westlake Village,
Thousand Oaks, Newbury Park, Agoura Hills, Simi Valley, Moorpark,
Camarillo and Conejo Valley.
Over the past seven years in
the Commercial Real
Estate Industry, Lloyd has specialized in office space and industrial
properties, Lloyd has concluded the leasing and sale of properties from
the North San Fernando Valley to the City of Ventura. His experience in
business and sales has made him an effective communicator. Lloyd
subscribes to a “win-win” philosophy, and satisfied clients on both
sides of the transaction are the result.
He is an office space
specialist who is skilled at stabilizing high-vacancy properties. His
aggressive marketing, first-hand knowledge of available office space,
and up-to-date knowledge of the commercial market give Lloyd’s clients
an edge over their competitors and skilled representation.
Whether he is representing
Owners or Tenants, Lloyd is committed to the highest level of
professionalism and work ethic in every transaction and service. Call
Lloyd at 805.497.4557 Ext 251, for your Commercial Real Estate Westlake
Village inquiries. |
Motivation for the Day....
Individual commitment to a group effort—that is what
makes a team work, a company work, a society work, a civilization
work.Vince Lombardi
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COST
SEGREGATION - CASH FLOW & BENEFITS
Click Here
for an article on Cost Segregation.
For more
information and how you can obtain a No Cost,
preliminary Cost Segregation
study on your property; contact me at:
lloyd@westcord.com

Commercial Real
Estate Westlake Village
Office Space, Retail & Industrial Space Vacancy
Information; From 5/17/2010 to 6/22/2010
Rates are
a computation of information that does not include 100%
of actual deals in the market. Actual rates and vacancy
may differ.
|
Office Space |
Vacancy |
Chg +/- |
Rates (FSG) |
Average |
Change +/- |
|
Conejo Valley |
16% |
N/C |
$1.07 to $5.00 |
$2.12 |
-$.04 |
|
Newbury Park |
16% |
-3% |
$1.30 to $1.50 |
$1.50 |
-$.62 |
|
Thousand Oaks |
14% |
N/C |
$1.10 to $5.00 |
$2.04 |
N/C |
|
Westlake
Village |
15% |
N/C |
$1.20 to $3.28 |
$2.26 |
+$.02 |
|
Agoura Hills |
22% |
+2% |
$1.07 to $3.00 |
$2.10 |
+$.07 |
|
Simi/Moorpark |
18% |
N/C |
$1.16 to
$3.46 |
$2.24 |
N/C |
|
Retail Space |
Vacancy |
Chg +/- |
Rates (NNN) |
Average |
Change +/- |
|
Conejo Valley |
5% |
+1% |
$.99 to $5.00 |
$2.05 |
+$.01 |
|
Newbury Park |
6% |
+1% |
$1.25 to $3.25 |
$1.73 |
-$.03 |
|
Thousand Oaks |
4% |
N/C |
$.99 to $3.85 |
$2.00 |
-$.01 |
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Westlake
Village |
5% |
+3% |
$2.50 to $5.00 |
$3.07 |
+$.12 |
|
Agoura Hills |
8% |
N/C |
$1.35 to
$4.75 |
$2.13 |
+$.14 |
|
Simi/Moorpark |
8% |
N/C |
$.80 to
$4.50 |
$1.78 |
N/C |
|
Industrial Space |
Vacancy |
Chg +/- |
Rates (MG) |
Average |
Change +/- |
|
Conejo Valley |
6% |
N/C |
$.43 to $1.25 |
$.76 |
-$.02 |
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Newbury Park |
5% |
N/C |
$.43 to $1.12 |
$.65 |
-$.01 |
|
Thousand Oaks |
12% |
N/C |
$.75 |
$.75 |
N/C |
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Westlake
Village |
5% |
N/C |
$.85 to $1.25 |
$.98 |
N/C |
|
Agoura Hills |
1% |
N/C |
$.75 to
$1.35 |
$1.20 |
+$.10 |
|
Simi/Moorpark |
9% |
+2% |
$.29 to $1.00 |
$.58 |
+$.03 |
Commercial Real Estate
Westlake Village
Available Interest
Rates
|
Libor
|
As of 7/26/2010 |
|
30 Day |
0.33% |
Prime:
3.250% |
|
3 Month |
0.51% |
Federal Funds:
0.25 |
|
Treasury Yields
-
As of 7/26/10
Fixed Rates starts as low as: |
|
5 Year UST |
1.75% |
Phoenix First Credit:
Loans from 750,000-10
Million.
Amortized over 25 years. Click
on logo for more information. |
|
7 Year UST |
2.43% |
 |
5 Year Fixed |
10
Year Fixed |
10 Year Adjustable |

Current CPI Index |
|
10 Year UST |
3.02% |
Industrial, Anchored Retail |
5.630% |
6.040% |
4.232% |
|
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Unanchored Retail, Medical Office |
5.830% |
6.540% |
4.232% |
|
30 Year UST |
4.01% |
Apartment |
5.080% |
5.540% |
3.732% |
 |
|
General Office |
5.830% |
6.540% |
4.232% |
SBA & Commercial Loans |
*Information obtained from:
The U. S. Department of
the Treasury. Subject
to change w/o notice.
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Commercial Real Estate Westlake Village

NEWS STAND:
"UP TO DATE NEWS!!"


CBPA Weekly e-UPDATE * July 16, 2010
1972 to 2008; Over 36 Years of
Service to the Commercial, Industrial, and Retail Real Estate Industry

BROWN & SERVE
Favorable factors may be coming together soon to give developers more
reason to greenlight brownfield projects.
Andrew Brack
DESIGN'S NEW NORMAL
What are the newest or biggest trends in nine major markets as 2010's
second half begins?
compiled by Brian A. Lee
LLOYD'S LEGAL LIBRARY

Just When You Thought It Was Safe to Lend Again:
Mortgage Late Fee Class Actions/
Luce Forward
No Substitute for
Specificity: Dangers of an E-mail Notice to Pay Rent or Quit /
Lee Dresie and James Molen
Betting on Distressed Assets/
Goodwin Proctor Publication
Green construction to hit $173.5 B by 2015/
Allen Matkins
Court of Appeal Withdraws Ruling That Arbitration
Provisions in CC&Rs Are Not Enforceable Against a Homeowners Association/
Luce Forward
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National Commercial Real Estate News
News
From the U. S. Treasury
News From LA Economic
Development Corp
AIA Forecast: Private
Commercial Construction To Fall Nearly 30% in 2010
High-income households could emerge as big winners
Real estate investment trusts continue to
successfully tap Wall Street capital through secondary offerings and
initial public...
Click here for full story
Burlington Coat Factory
opens in area
Jun 16, 2010 -
CRE News
Burlington Coat Factory
plans to occupy some 85,000 square feet of retail space in Thousand
Oaks, CA. The retailer, which is opening its first location in the city,
is taking space once occupied by Mervyn's at the Janss Marketplace.
$3.1B of CMBS Loans Saw
First-Time Appraisal Reductions in May

Financing
Terms for Borrowers Ease as Lenders Return
FDIC Nears
Launch of $2B of Structured Offerings
US ECONOMIC FORECAST; 2010 AND BEYOND
Healthcare Reform Impasse, Choppy Market Dulls
Appetite for MOB Deals
Risky or Not, Lenders Slowly Opening Vaults to
CRE Lending Again
The Good News: More Retail Property Deals in
2010 as Loans Mature and Banks Recognize Losses
Roundtable Survey: Sentiments of CRE Execs Are
Better, But By No Means Good
Carried Interest Taxation
SPLIT-ROLL PROPERTY TAX STUDY
(AKA HIGHER TAXES)
What are; "Building Classes"?
The primary feature of
Class A buildings is the fireproofed structural steel frame,
which may be wielded, bolted, or riveted together. The fireproofing
may be masonry, poured concrete, plaster, sprayed fiber, or any
other type which will give a high fire-resistant rating.
The primary characteristic of
Class B buildings is the reinforced concrete frame in which the
columns and beams can be either formed or precast concrete. They may
be mechanically stressed, and the structure is fire resistant.
Class C buildings
are characterized by masonry or reinforced concrete (including
tilt-up) construction. The walls may be load-bearing, i.e.,
supporting roof and upper floor loads, or non-bearing with open
concrete, steel, or wood columns, bents, or arches supporting the
load.
Class D
buildings are characterized by combustible construction. The
exterior walls may be made up of closely spaced wood or steel studs
as in the case of a typical frame house, with an exterior covering
of wood siding, shingles, stucco, brick, stone veneer, or other
materials. Otherwise they may consist of an open skeleton wood frame
on which some form of curtain wall is applied, including,
pre-engineered pole buildings.
Class S
buildings are characterized by incombustible construction and
prefabricated structural members. The exterior walls may be steel
studs or an open steel skeleton frame with exterior single or
sandwich wall coverings consisting of prefabricated or sheet siding.
(Source: Marshall Valuation Service)

A weekly column focusing
on distressed market conditions, commercial real estate
properties, mortgages and Corporations Published by
CoStar
News /JuLY 15, 2010
NEW EDITION NEXT YEAR, VACATION
Office
Markets Have Bottomed
Fundamentals in U.S. office markets appear to have
stabilized and are headed toward an expected recovery;
positive net absorption returned in the second quarter
and office vacancy rates that appear to have peaked and
are no longer rising. At the current pace, if the
current absorption and delivery trends hold, CoStar
projects the office vacancy rate will fall from 13.6% to
less than 11% in 2013...
Colony Capital Wins Second Billion-Dollar FDIC CRE Loan Portfolio
The FDIC closed on a sale to Colony Capital LLC of 40% equity
interest in a limited liability company created to hold 1,660
distressed commercial real estate loans with an unpaid principal
balance of $1.85 billion...
U.S. CMBS Delinquencies See Temporary Slowdown in June
A net increase in delinquencies of $512 million pushed the U.S CMBS
delinquency rate to 8.14%. June's 17 basis point rise was the
smallest increase in 11 months...
This Week in Retail: General Growth Properties Files Plan To Split
into Two Firms
Also This Week: Wells Fargo Closing 638 Stores; Benihana and Bugaboo
Creek Chains Go Up for Sale; Body Central Sets IPO for Expansion
Funds; and hhgregg Set To Open 10 More Mid-Atlantic Stores This
Fall...
Bank Watch: $4 Billion Bank Midwest Slated To Be Sold
Also This Week: RCB To Buy Failed Home National; and Feds Impose New
Restrictions on Two Banks...
Real Money: Property Financings
Property Financings for Brookdale Senior Living, Taubman Centers,
Colonial Properties Trust, Cole Credit Property Trust III, Glimcher
Realty Trust, Cedar Shopping Centers, Roberts Realty Investors,
Angeles Income Properties and many more ...
Lease Down: Mergers & Acquisitions Lead to Mass Layoffs
Also This Week: Merck cuts 15% of its staff; Wells Fargo lays off
3,800 employees; Lease cancellations in Virginia and San Diego and
more...
Lease Up: Major Renewals Reveal Firms Cutting Back on Space
Also This Week: Southern Cal Gas Co. renews in LA; NUFIC inks a
270,000-SF extension in Jersey City; Morrison & Foerster renews in
San Fran; Northrop Grumman buys new HQs; DHL signs major deal at
Miami; Comprehensive Logistics signs for 227,000 SF in KC;
Sutherland Asbill moves its global HQs; and many more...
CapitalSource Unloads CDO
CapitalSource sold NorthStar its equity interest in the
collateralized debt obligation and certain other notes issued by the
securitization trust. CapitalSource received total consideration of
$7 million.
Watch List: Portfolios in Special Servicing
The latest loans moved into special
servicing on hotel and office properties in: Arizona, California,
Connecticut, Florida, Georgia, Illinois, Louisiana, Maryland,
Massachusets, New Jersey, New York, Ontario, Pennsylvania, Vermont
and Washington DC.
Loan Maturities: Retail Loans Due in August
$228 million in maturing loans in:
Arizona, California, Colorado, Florida, llinois, Minnesota, New
Hampshire, Ohio, Oregon, Texas, Utah and Wisconsin.
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Economic Week in Review:
At the moment, we have
movement
July 23, 2010

Outlook for 2010: How
strong a recovery?
A reprint
from Vanguard®
The speed might resemble
that of rush hour
traffic, but the economy
is still moving. If a
breakdown occurs,
Federal Reserve Chairman
Ben Bernanke said the
Fed would take further
measures. The news was
mostly negative this
week, but the long-term
recovery still appears
to be on course. Both
existing-home sales and
housing starts were
down, mostly because of
April’s expiration of
the federal homebuyer
tax credit. The
Conference Board’s index
of leading indicators
also fell. For the week,
the S&P 500 Index rose
3.5% to 1,103 (for a
year-to-date total
return––including price
change plus
dividends––of about
–0.1%). The yield of the
10-year U.S. Treasury
note rose 6 basis points
to 3.02% (for a
year-to-date decrease
of 83 basis points).
Fed ready for action
In
testimony before the
Senate Banking Committee
on Wednesday and
Thursday, Mr. Bernanke
said the economy’s
outlook was "unusually
uncertain" and that the
Fed would be prepared to
take additional steps if
the economic recovery
deteriorates. "We are
ready and we will act if
the economy does not
continue to improve––if
we don't see the kind of
improvements in the
labor market that we are
hoping for and
expecting," Mr. Bernanke
said. At the same time,
Mr. Bernanke said that
despite a "somewhat
weaker outlook," the Fed
expects the economy to
grow moderately this
year.
"If correct, the Fed's
moderate economic growth
scenario is not enough
to significantly reduce
the unemployment rate or
to create any
inflationary pressures
over the next year or
so," said Vanguard
economist Roger
Aliaga-Díaz.
"Accordingly, the
monetary policy outlook
seems to be more focused
on the potential
additional help the
economy may need than on
the timeline for
increasing rates."
Housing starts stumble
again
New residential
construction dropped for
the second straight
month in June, a
reflection of the
economy’s weakness.
Housing starts fell 5%
from May to a seasonally
adjusted annual rate of
549,000, a bit below
expectations and the
lowest level in more
than a year. Starts of
multifamily units
tumbled 21.5% to lead
the decline, while those
of single-family
dwellings were down
0.7%. The market is
feeling the effect of
April’s expiration of
the federal homebuyer
tax credit, and all four
of the nation’s regions
experienced declines.
The news wasn’t all bad:
permits were up 2.1% and
completions increased
26.2% as buyers closed
on contracts signed in
April.
Existing-home sales
decline
Sales of existing homes
fell 5.1% in June to an
annual rate of 5.37
million. The decline was
less than forecast, but
sales were still at
their lowest seasonally
adjusted level since
March. April’s
expiration of the
federal homebuyer tax
credit is weighing on
the market. Sales rose
in the Northeast after a
steep drop last month,
but were down in the
nation’s other three
regions. Compared with a
year ago, however, sales
increased in all four
regions. Inventories
climbed 2.5% in June,
and the 8.9-month supply
is the highest level in
almost a year. With
foreclosures up, the
supply is expected to
grow. The median
existing home price rose
1% in the last year, to
$183,700.
Leading indicators
decline
The Conference Board’s
index of leading
indicators, which hints
at the future state of
the economy, dipped 0.2%
in June, slightly better
than expectations. The
coincident index, a
measure of the current
economy, was unchanged,
although employment was
a negative factor for
the first time this
year. Five of the
leading index’s ten
leading indicators rose,
with interest rate
spread and real money
supply contributing the
most. The largest
detractors were average
workweek, supplier
deliveries, and stock
prices. However, the
index is still up 2.6%
for the year. Economists
at the Conference Board
noted that the economy
is still expanding, but
at a slower pace.
"The Conference Board's
as well as other leading
indices of economic
activity, such as our
proprietary Vanguard
Leading Economic Index,
have all worsened over
the last month or so,
but they are all still
up from a few months
back," Mr. Aliaga-Díaz
said. "Overall, this
pattern is consistent
with the consensus
outlook of subdued and
uneven growth during the
recovery."
The economic week ahead
Economists will have an
assortment of data to
decipher next week.
Friday brings reports on
gross domestic product
(GDP) and the employment
cost index. The news
begins Monday with
new-home sales and
continues Tuesday with
consumer confidence. The
Federal Reserve’s Beige
Book release on economic
conditions across the
United States is
scheduled for Wednesday
along with data on
durable goods.
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Commercial Real Estate
Westlake Village
Lloyd’s Clients have included, but not limited to: |
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Contributing
to personal civic betterment, Lloyd has been actively involved in the following
organizations:
2004 –
Present:
Rotary Club International,
Lloyd has recently become a member and is volunteering his time for various
community outreach programs. Has served on the Homer Dickerson Ethics
Seminar and is a counselor for the RYLA (Rotary Youth Leadership Awards) Outdoor
Program.
1978 –
Present: Youth Activities. Participated in the organizational management and
coaching of Youth Sports and Boy Scouts in various capacities.
2005 –
Present: Fulfilling prerequisites as a Qualifying Candidate for the prestigious “Certified Commercial
Investment Member” (CCIM) designation of the Realtors National Marketing
Institute.
2005 –
Present: Member of the Westlake Sunrise Rotary, Facilitator at the Homer
Dickerson's Ethics Seminars and Instructor at RYLA's annual camp. (Rotary Youth
Leadership Awards)
2009 -
Present: AIR Commercial Real Estate Association, Board of Directors and Vice
President; Thousand Oaks Boulevard Association (TOBA), COSTAC Committee
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Handyman Long Beach |
Thousand Oaks Real Estate |
Home Staging Thousand Oaks |
Embroidery Thousand Oaks |
Fruit Basket San Diego |
Home Loan Houston |
Organic Vitamins |
Window Treatments |
Personal Trainer |
Gym |
411 Directory|
Glass Thousand Oaks |
Mold Inspections Los Angeles |
Merchant Account |
Natural Gas Scavenger |
Website Enhancement |
Criminal Defense Attorney Ventura |
Solar Panels |
Commercial Loan Acquisitions |
Mortgage Ventura |
Fruit Basket Thousand Oaks |
Chiropractor Thousand Oaks |
Web Designer in Las Vegas |
Thousand Oaks Beauty Salon
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Enlightenment |
Commercial Real Estate Westlake Village |
Board-Up Services |
Los Angeles Wedding Photographer |
Tool and Die |
Cabinet Glass |
Solar Water Heater |
Womens Health |
Natural Health Practice |
CO2 Scavenger |
Celebrity Photo |
Solar Water Heater |
Integrated Medicine |
Integrative Medicine |
Marble Floor Cleaning |
California Home Loans
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Shoe Jewelry |
Marble Floor Care |
Mortgage
Loans Canyon Lake
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