After stabilizing for much of the year, Palo Alto office rents are closing out the year on an up note, according to a new infographic from JLL. The city, considered one of Silicon Valley's most desirable office markets, has seen rents overall climb 49 percent since the start of 2010, JLL says. The number for less-swanky Class B product? That's zoomed even more, up 114.4 percent, JLL says. Read the full story in the Silicon Valley Business journal here. … [Read more...]
How Property Management Can Save Your Property
Lately, Borelli Investment Company has begun property management for a couple of customers in the San Jose area that the property owner supervised. We noticed that the properties were not performing to our standards, which prompted us to review and diagnose the issue. It became apparent that the candidate screening process was not producing he results we had envisioned. We asked the property owner how the candidates were screened and received the reply, "If they have the deposit and first months rent ready, we sign the lease." Tenant screening for a property owner is one of the most … [Read more...]
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