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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. Commercial Real Estate Westlake
Village specializes in the lease and sale of office space and industrial
properties in Westlake Village, Thousand Oaks, Agoura Hills, Newbury
Park, Camarillo and Conejo Valley.
Specializing in office
space and industrial properties, Lloyd has concluded the leasing and
sale of properties from the North San Fernando Valley to Ventura County.
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.
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 for your Commercial Real Estate Westlake Village
inquiries.

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Commercial Real Estate
Westlake Village
Office Space, Retail & Industrial Space Vacancy Information; as of
5/5/2008
|
Office Space |
Vacancy |
Chg +/- |
Rates (FSG) |
Average |
Chg +/- |
|
Conejo Valley |
9% |
N/C |
$1.50 to $5.55 |
$2.58 |
N/C |
|
Camarillo |
17% |
N/C |
$0.96 to $2.50 |
$1.98 |
+$.31 |
|
Newbury Park |
5% |
N/C |
$1.75 to $3.11 |
$2.58 |
N/C |
|
Thousand Oaks |
7% |
N/C |
$1.50 to $5.55 |
$2.29 |
+$.06 |
|
Westlake
Village |
10% |
-1% |
$1.85 to $3.65 |
$2.71 |
-$.01 |
|
Agoura Hills |
9% |
+1% |
$1.50 to $3.95 |
$2.50 |
-$.01 |
|
Simi/Moorpark |
13% |
N/C |
$1.40 to $3.83 |
$2.13 |
-$.03 |
|
Retail Space |
Vacancy |
Chg +/- |
Rates (NNN) |
Average |
Chg +/- |
|
Conejo Valley |
2% |
N/C |
$1.89to $3.89 |
$2.64 |
-$.05 |
|
Camarillo |
4% |
+1% |
$1.25 to $3.50 |
$1.84 |
N/C |
|
Newbury Park |
1% |
-2% |
$2.10 to $3.75 |
$2.76 |
-$.18 |
|
Thousand Oaks |
2% |
N/C |
$1.89 to $3.89 |
$2.93 |
N/C |
|
Westlake
Village |
3% |
+1% |
$2.50 to $3.37 |
$3.15 |
-$.08 |
|
Agoura Hills |
3% |
N/C |
$1.92 to
$2.20 |
$1.96 |
N/C |
|
Simi/Moorpark |
6% |
N/C |
$1.05 to $6.51 |
$2.08 |
+$.01 |
|
Industrial Space |
Vacancy |
Chg +/- |
Rates (MG) |
Average |
Chg +/- |
|
Conejo Valley |
5% |
N/C |
$.75 to $1.40 |
$.94 |
N/C |
|
Camarillo |
8% |
-1% |
$.59 to $1.00 |
$.62 |
N/C |
|
Newbury Park |
4% |
-1% |
$.75 to $.95 |
$.81 |
-$.05 |
|
Thousand Oaks |
17% |
+2% |
$.88 |
$.88 |
N/C |
|
Westlake
Village |
1% |
-1% |
$1.15 to $1.40 |
$1.19 |
N/C |
|
Agoura Hills |
0% |
N/C |
$1.60 |
$1.60 |
N/C |
|
Simi/Moorpark |
7% |
N/C |
$.64 to $1.27 |
$.76 |
N//C |
*Information obtained from: COSTAR COMMERCIAL MLS.
Commercial Real Estate
Westlake Village
Available Interest Rates
|
Libor
|
As of 5/6/08 |
|
|
30 Day |
4.774% |
Prime:
5.00% |
|
|
3 Month |
4.718% |
Federal Funds:
2.25 |
|
|
Treasury Yields |
Fixed Rates starts as low as |
|
5 Year US T's |
3.14% |
Office Space |
6.31% |
Rates based on 10 Year US T's of 3.55% |
|
7 Year US T's |
3.45% |
Retail Space |
6.31% |
Due in 10
years Amortized over 30 years |
|
10 Year US T's |
3.88% |
Industrial Space |
6.31% |
|
|
30 Year US T's |
4.58% |
Apartment |
5.07% |
|
Competitive Companies:
*Information
obtained from: ARCS Commercial Mortgage Co., L.P. and
The U. S. Department of
the Treasury. Subject
to change w/o notice.
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Commercial Real Estate Westlake Village
NEWS STAND FOR UP TO DATE NEWS!!
STORIES FROM 2007
Top Stories of 2007 Could Spoil 2008
..............Click
Here
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National Commercial
Real Estate News
Re-Appraising Risk: Appraisers See Cracks in
Commercial 'Firewall'
What Recession? Office, Industrial REITs Eschew Disaster
Planning In '08 Estimates
Retailers Reveal Real Estate Strategies at Citi 2008 Conference
Retail REITs Seizing Opportunities in Soft Market
Medical Office Deals Give Shot In The Arm To
Ailing Commercial Market
Stock Prices Linked With Sustainability, Survey
Finds
Investors Roll Dice On High Priced Retail Deals
Financial Storm Pounding Real
Estate Sentiment
By Mark Heschmeyer
Wall
Street's wild swings and the turmoil in the credit markets are
confounding the commercial real estate industry. Three fourths of the
way through last year, there was no telling from quarter to quarter what
the commercial real estate markets looked like. That shifted in the
fourth quarter to uncertainty from month to month. Early this year, it
shifted to week to week and this month, it became day to day. Who knows
what tomorrow brings. The Dow Jones Industrial Average...
» Click
here for full story
Investors See Cap Rates Heading
Upward
Institutional investors sense that capitalization rates have hit bottom
for office and industrial property, according to the PWC Korpacz Real
Estate Investor Survey. The investors surveyed fear that rising
unemployment is forcing office landlords to shift rental terms in favor
of tenants to maintain occupancy. The report, however, is bullish on the
industrial sector, noting that high-tech industry will fuel demand for
development space and warehouse market conditions remain favorable in
coastal markets.
By Mark Heschmeyer
Much has
been made of the impact of the credit crunch on the slowdown of
commercial real estate investments. But just as impactful as the lack of
available credit right now, is that buyers and sellers have not yet come
to terms with the the 'new reality' and remain at opposite extremes in
terms of pricing, which further exacerbates the current deal paralysis
gripping the market. There is almost no investment real estate market at
this time, say industry executives and brokers...
» Click
here for full story
The delinquency rate of collateralized debt obligations backed
by commercial real estate continued to drop, falling to 0.69%
last month from 0.74% in March, according to Fitch Ratings. The
company warned that the CDO delinquency rate would be more
volatile than that for the CMBS market, which has been inching
up over the past few months, but remains at historically low
levels because most CDOs are backed by loans on properties that
are in transition. |
U.S. Office Market
Turns In Mixed Year
By
Mark Heschmeyer
While
the U.S. housing market led the national
8economy closer to recession at
the end of 2007, the well-documented housing woes appeared to have had
only a modest impact on commercial real estate last year. The national
office market started its most recent up cycle late in 2003 following
the bursting 'tech bubble' early this century. Since 2004, office
absorption across all U.S. markets tracked by CoStar averaged 111.1
million square feet per year. The U.S. office market...
» Click
here for full story
MARKET REPORT: U.S. Office
Occupancy On the Wane
By
Mark Heschmeyer
If the trend of
the first two months of the year holds, U.S. office markets will see
their first quarter of contraction since beginning a remarkable period
of expansion during the economic recovery that followed the bursting of
the Internet bubble at the start of the century. Nationally, net
absorption of office space dipped into negative territory in January and
February with tenants giving back about 4.5 million square feet of
office space, according to an early quarterly...
» Click
here for full story
Turmoil in the credit market has failed to weaken foreign investors'
appetite for commercial real estate in the United States. In a survey of
the Association of Foreign Investors in Real Estate, the U.S. was ranked
the most popular national market by a wide margin. New York City and
Washington were rated the top two cities for property investments.
AFIRE's members hold $700 billion of real estate, with $230 billion
worth in the U.S. Investors surveyed expect to make slightly more than
half of their 2008 investments in the U.S. Investors expect to increase
their overall activity by 20% to $1.7 billion.
Self-Storage
Facility Commands $13M
By Bob Howard of GlobeSt.com
THOUSAND OAKS, CA-A
private investor from nearby Newbury Park has acquired the 70,000-sf
Ventu Park Self Storage project from the property's L.A.-based developer
for $13.3 million, according to FritzCo Real Estate...Full
Story
StarNews
Bank of America Questions Countywide Purchase
In
January, Bank of America agreed to acquire Countrywide for approximately
$4 billion in an all stock acquisition. Since then, Bank of America has
evaluated Countrywide's portfolio and expressed serious concerns about
Countrywide's credit quality. A number of mortgages in Countrywide's
portfolio are adjustable rate mortgages (arms) which are set to adjust
in the coming months. There are concerns that additional pressures to
the monthly debt service will trigger yet another round of foreclosures
in an already troubled residential market.
If Bank of America determines a need for substantial write downs, they
may choose to either renegotiate the price or walk away from the
transaction entirely. Of note is the Federal Reserve's intervention to
guarantee the losses on the acquisition of Bear Stearns by JP Morgan;
yet there has not been any public announcement on the part of the Fed in
BofA's acquisition of the worlds' largest residential lender. Analysts
have speculated that the Fed will do whatever they can to assist in
seeing this transaction close as BofA has the financial muscle to
address the outstanding issues of Countrywide and restore some
confidence to the home lending industry.
Treasury Economic Update 4.18.08
“The rebate checks and investment
incentives in the stimulus package will provide important support to
family and business spending at a time when a broad range of indicators,
including today's employment report, point to a slowing economy.”
Assistant
Secretary Phillip Swagel,
April 4, 2008
Employment Fell in
March:
Job Growth:
Payroll employment fell by 80,000 in March, following a decrease of
76,000 jobs in February. The United States has added 8.0 million jobs
since August 2003. Employment increased in 39 states and the District of
Columbia over the year ending in March. (Last updated: April 18, 2008)
Low Unemployment:
The unemployment rate rose to 5.1 percent in March from 4.8 percent in
February. (Last updated: April 4, 2008)
Signs of Economic Strength
Include Exports and Low Inflation:
Business Investment:
Business spending on commercial structures and equipment rose solidly in
the fourth quarter. Healthy corporate balance sheets should support
continued investment growth. (Last updated: February 27, 2008)
Exports:
Strong global growth is boosting U.S. exports, which grew by 8.4 percent
over the past 4 quarters. (Last updated: March 27, 2008)
Inflation:
Core inflation remains contained. The consumer price index excluding
food and energy rose 2.4 percent over the 12 months ending in March.
(Last updated: April 16, 2008)
The Economic Stimulus
Package Will Provide a Temporary Boost to Our Economy:
The package will help our economy
weather the housing correction and other challenges.
The Economic Stimulus Act of 2008, signed into law by President Bush has
two main elements—temporary individual tax relief so that working
Americans have more money to spend and temporary tax incentives for
businesses to invest and grow. Together, the legislation will provide
about $150 billion of tax relief for the economy in 2008, leading to the
creation of over half a million additional jobs by the end of this
year.(Last updated: February 29, 2008)
Pro-Growth Policies Will Enhance
Long-Term U.S.
Economic Strength:
We are on track to
make significant further progress on the deficit.
The FY07 budget
deficit was down to 1.2 percent of GDP, from 1.9 percent in FY06. Much
of the improvement in the deficit reflects strong revenue growth, which
in turn reflects strong economic growth. Looking ahead, higher spending
on entitlement programs dominates the future fiscal situation; we must
squarely face up to the challenge of reforming these programs.
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Economic Week in Review:
Fed lowers rate, hints at pause
May 2,
2008
The Federal Reserve
Board lowered its target
for the federal funds
rate by a quarter-point
to 2.00% and gave clues
that it may take a
wait-and-see approach
for additional actions
in the short term.
Otherwise, it was a week
of mixed economic news
that rang a "down but
not out" theme. Gross
domestic product
remained in positive
territory, and the
employment picture,
while weak, could have
been worse. Consumers
continued to spend, but
their confidence levels
deteriorated. The
manufacturing sector
cooled, but factory
orders increased.
Residential construction
was weak, but
nonresidential
construction remained
strong. For the week,
the S&P 500 Index rose
1.1% to 1,414 (for a
year-to-date total
return of –3.1%). The
yield of the 10-year
U.S. Treasury note fell
2 basis points to 3.85%.
Fed lowered key rate
again
The Federal Reserve
Board's 0.25% rate cut
on Wednesday marked the
seventh time the Open
Market Committee (FOMC)
lowered the federal
funds rate target since
September. The rate now
stands at 2.00%, down
from 5.25% at the start
of the rate-easing
campaign. The FOMC
action was spurred by
weak economic activity,
including weak consumer
and business spending, a
softening job market,
and continuing concerns
about the housing and
financial markets.
Still, the FOMC hinted
that it may take a break
from additional rate
cuts in the near term.
In its accompanying
statement, the FOMC
noted that the measures
they've recently taken
"should help to promote
moderate growth over
time and to mitigate
risks to economic
activity," though they
noted they will continue
to act "as needed to
promote sustainable
economic growth and
price stability."
Economy inched forward
in first quarter
The U.S. economy
expanded in the first
three months of 2008—but
just barely.
First-quarter real gross
domestic product (GDP)
grew 0.6% at an annual
rate, according to an
"advance" estimate from
the Commerce Department.
This matched the 0.6%
pace in the fourth
quarter of 2007. GDP has
been in positive
territory since the
fourth quarter of 2001.
Many economists predict
that the economy is
likely to contract in
the coming months.
Jobless rate better than
expected
The U.S. economy shed
20,000 jobs in April.
This was far fewer than
expected by analysts,
whose predictions were
more in line with job
losses so far this year:
Employers cut an average
80,000 jobs per month in
the first three months
of 2008. Unemployment
fell slightly to 5.0%
(and has ranged between
4.5% and 5.1% over the
past year). The
construction,
manufacturing, and
retail sectors suffered
declines, while health
care and professional
and technical services
added jobs. For workers
in nonsupervisory roles,
average hourly earnings
edged up 0.1%, to
$17.88.
Labor costs tame in
first quarter
The employment cost
index, which tracks what
businesses spend on
employee wages,
salaries, and benefits,
increased 0.7% in the
first quarter. The
reading, which was
slightly below
expectations, reflects a
0.8% increase in
salaries and wages, and
a 0.6% rise in benefits.
Inflation-watchers
viewed the report as a
signal that wage
pressures were
contained.
Consumers continued to
spend
Personal spending rose a
higher-than-expected
0.4% in March,
suggesting a level of
consumer resiliency in
the face of economic
headwinds. Personal
income rose 0.3%, though
it was below February's
0.5% level; the personal
savings rate was 0.2% in
March, also off the
previous month's rate.
Consumer confidence
sagging
Consumer confidence
slipped in April to the
lowest level since the
start of the Iraq war in
March 2003, and the
second-lowest level
since 1993. The
Conference Board
Consumer Confidence
Index fell to 62.3, from
65.9 in March, marking
the fourth consecutive
monthly decline.
Concerns about
inflation, the labor
market, and business
conditions all drove
negative sentiment for
the month. Consumer
plans to purchase a home
or take a vacation fell
to multidecade lows.
Factory orders ticked
upward in March. . .
Demand for manufactured
goods increased a
surprising 1.4% in
March, following
declines in the first
two months of the year.
A 2.6% rise in new
orders for nondurable
goods drove the
increase. Orders for
durable goods rose a
tepid 0.1%.
. . . but manufacturing
sector cooled in April
The economy's
manufacturing sector
contracted slightly in
April, according to the
Institute for Supply
Management (ISM). The
ISM Index stood at 48.6
for the second straight
month—the third month in
a row that the index
fell below 50 (readings
below 50 indicate the
manufacturing sector is
contracting). Demand and
productivity were weak,
while prices continued
to rise. Industries
reporting growth
included computer and
electronic products,
printing, and paper
products. Meanwhile,
wood products, textile
mills, and apparel
products were among the
industries that
contracted.
Residential
construction: glum
Overall construction
spending fell 1.1% in
March, weighed down by a
4.6% drop in residential
construction, which was
down 19.7% from the
year-ago level. Spending
on nonresidential
construction projects
increased 1.3% in March
and 11.8% from a year
ago, driven in part by
outlays for office
buildings, hotels and
motels, hospitals and
medical buildings, and
communications towers
and buildings.
The economic week ahead
Economic news on tap for
next week includes
reports on activity in
the service sector
(Monday), nonfarm
productivity and
consumer credit
(Wednesday), and the
U.S. trade balance
(Friday).
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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.
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.
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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
|
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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