SPANISH PROPERTY AND VILLAS FOR SALE SPAIN

VILLA FOR SALE BY OWNER PROPERTY NUMBER: 1479FS. MORAIRA, COSTA BLANCA, SPAIN
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MAGNIFICENT NEW VILLA, COMPRISING 6 INDEPENDENT APARTMENTS, SET IN A EXCEPTIONALLY LARGE MEDITERRANEAN GARDEN WHICH IS 11000 m2. SITUATED 5 MINUTES DRIVE TO VILLAGE CENTRE AND BEACHES OF MORAIRA, ONE OF THE FINEST HOLIDAY PLACES IN THE COSTA BLANCA IN SPAIN





Moraira Villa for sale
Costa Blanca Villa with 6 apartments for sale

Click here for more pictures

DESCRIPTION / FEATURES


Villa For Sale: €1,500,000.00. euros
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Description
This new property set in 11,000 square metres of land with large Mediterranean garden 5 minutes from the centre of Moraira and the beach could be a great opportunity to start a holiday rentals business thanks to the six separate areas of self contained apartments!

Ground Floor
The villa ground floor includes: a large inner patio south orientated, leading to each of the three spacious apartments.

Apartments
Two apartments comprise of a lounge, dining room, a kitchen, two bedrooms, one double with bathroom en-suite and one for twin beds with another bathroom.
The third smaller apartment has a dining room, a kitchen and a bedroom with bathroom.
On the first floor there are three more apartments designed as the lower ones.
All rooms throughout have TV satellite points,air conditioning.

Outside
The plot of 11000m2 gives the possibility to built a tennis court. A large pool on the front villa is being built at the moment;14m x 8m (rectangular shape).
A large Mediterranean garden is designed around the villa with huge palm trees and spacious lawns, terraces to sun-bathe around the pool.
Automatic watering of the plants is provided by the well of the property which means free water.

Location
The village of Moraira is set in a region of Spain with one of the best climates in the world, enjoying over 300 days of sunshine in a average year.
Nestling between the mountains and the sea,this coastal strip of Moraira has everything: the beaches with soft white sand, crystal clear water, a beautiful harbour which was one of the first in achieving the Blue Flag distinction for the cleanest shorelines in Europe.

Amenities
In Moraira you can enjoy playing golf, horse riding, scuba-diving, sailing , snorkeling or simply enjoy the beach. There are a lot of good restaurants and cosy little bars.
On excursion trips and a half an hour drive from Moraira, you can visit Mundomar; a marine and exotic animals park,. Aqualandia; a water park and Terra mitica; a spectacular theme park with amazing attractions that transport you and your family back to Roman and Greek eras.

Airports
Alicante and Valencia airports are an hour drive from Moraira.

Property Specification
• Price: 1,500,000 Euros. • SqM: 500m2. • Lot size: 11,000 m2. • Beds: 10. • Bathrooms: 10. • Garage: to be built. • Type: Villa comprising 6 apartments. • Floors: 2. • Waterfront: 2 Km from sea and beaches. • Pool: yes: 14x8m. • Terrain: Residential village. • Furnished: No. • Location: In Moraira - Teulada. Carretera de Benitachell a Moraira. Province of Alicante, Costa Blanca Spain.


PROPERTY SPECIFICATION TABLE

Price Sq metres Lot Size Bedrooms Bathrooms Garage space
1,500,000 Euros 500m2 11,000m2 10 10 Being Built
Property
Type No. Floors Outbuildings Sea front/
Beach Neighbourhood/
Terrain Furnished
Villa
Apartments 2 Pool 10x8m
Garage 2 Km Residential
Village No
Property location address and Map
Location: In Moraira - Teulada. Carretera de Benitachell a Moraira. Province of Alicante, Costa Blanca Spain


In accordance with the 1991 Property Misdescriptions Act the attached details, photographs and floor plans have been prepared in good faith and as a general guide not a statement of fact. We have not carried out a survey and the services, appliances and fittings have not been specifically tested. Measurements are approximate. We would therefore recommend that if there are any points that concern you then these should be discussed with us beforehand especially if traveling some distance, before you leave to inspect the property.

House Buyers

House buyers specialize in buying homes that may not be well-suited for traditional sales. They provide a way to quickly sell a home in any condition for an immediate cash payment. A fast and convenient way to relieve an owner of a troublesome home in need of a high amount of repair, house buyers also buy homes from those who simply don't want to go through the hassle of a traditional home sale.

House buyers provide quick closing, and may even pay closing costs. After reviewing the details of a house, house buyers formulate an offer that stands contingent on an in-depth inspection of the home. If the offer is acceptable to the seller, the inspection is conducted, and details are quickly taken care of to deliver a cash payment to the seller in exchange for possession of the home. House buyers often hire renovators to repair the home and resell the property, an excellent opportunity for house buyers to explore.

Anyone who owns a property in need of substantial repair knows the headache that can result, whether it is a primary residence or secondary property. House buyers will take the house off your hands, delivering a quick cash payment and relieving you of the burden of a troublesome house.

Fine print ‘exit clause’ now looms large in real estate deals

The economic and credit climate has meant the rise of the “exit clause” in commercial real estate deals, a fine print item that got little play before now.

Though the proliferation of deals is limited these days, the ones in the market are getting extra scrutiny from lenders, landlords, tenants, buyers and sellers. Skittish and tightfisted lenders have seized up when it comes to financing real estate transactions, whether funding renovations of office space or a new development. On the other side, developers are canceling or delaying projects to hold onto what cash and lines of credit they have on hand. It all boils down to the money.

“Finance contingencies are back in vogue,” said Fred Masters, a real estate attorney with Buchanan Ingersoll. “Anybody who is doing a deal today is going to look for a finance contingency.”

But that’s not the only kind that’s being sought. There are leasing contingencies, where a lender will require a certain percentage of an office or apartment building or retail strip be leased up or rented out before financing will be lined up for either construction or acquisition.

“In the good ol’ days people would have an agreement that wouldn’t have any of this,” Masters said. “They would have 30 to 45 days of due diligence to walk for any and no reason. It’s because financing was so common and inexpensive. In today’s market because financing is so difficult to get, people are more concerned and are looking for these types of contingencies. They’re becoming accepted. People are very worried.”

They are worried retail tenants will go dark or bankrupt. With an apartment building, they are worried renters will lose jobs and vacate a unit.

“You could buy an apartment building that has 90 percent occupancy and two to three months later you’re down to 85 percent,” Masters said. “An exit strategy is about the economic value of a property remaining the same by the time of closing.”

A landlord is worried an office tenant will downsize or cease operating. Or, in the case of VWR International Inc., the company is worried a lender won’t be able to finance a new development because of apprehension of financial institutions to lend money.

An exit clause was incorporated into a recent deal in which VWR signed a 12-year, 150,000-square-foot lease on a new headquarters with O’Neill Properties Group. The clause was an extra detail the involved broker felt “necessary” to add in.

“Based on the size of the deal, complexity and environment we’re in, we put in the exit clause,” said Scott Gabrielsen, a broker with Binswanger who represents VWR. “If certain milestones aren’t met then we’ve negotiated for our client to get out of the lease.

“We have the utmost confidence in Brian [O’Neill] to deliver. If he doesn’t, we’ve covered ourselves to go into a different direction.”

The VWR deal is a big one, especially at a time when such transactions are scarce. Under terms of the agreement, O’Neill Properties will construct a 240,000-square-foot mixed-use building at the developer’s Worthington Town Center project off routes 29 and 202 in Malvern.

Brian O’Neill, who heads the King of Prussia company, isn’t worried. “It’s not going to be used,” O’Neill said of the exit clause. He doesn’t foresee starting to initiate putting exit clauses into his deals. “I don’t do deals on contingency,” he said.

The fate of the transaction could be determined by the end of the first quarter or at the beginning of the second.

The building is expected to be completed in the third quarter of next year and in time for VWR, which supplies laboratory equipment globally, to move from its current headquarters. It now maintains operations in two buildings off Goshen Parkway in West Chester and has a lease that expires at the end of 2010. It doesn’t have much wiggle room. The company that owns the buildings wants the space back for itself.

VWR had considered relocating to Delaware but instead accepted $600,000 in economic-development incentives from Pennsylvania to keep its headquarters and 350 jobs in the state.

The company will receive the funds in the form of an opportunity grant that it doesn’t need to repay if it meets certain job retention or capital investment goals established by the company and state over a defined period of time.

73 criminal counts filed against real estate broker

Published: Saturday, Feb. 21, 2009 - 12:00 am | Page 2B
State Attorney General Jerry Brown filed 73 criminal counts against a Nevada County real estate broker Friday, charging him in a massive mortgage fraud case that may have cost hundreds of investors up to $21 million.

The charges against Thomas John Hastert, 53, allege that between 2004 and 2007 he misled investors, embezzled brokerage fees and set up straw buyers in a complex scheme involving properties in Nevada, Sacramento, Sutter, Butte, Placer and Yolo counties.

The charges were filed in Nevada County Superior Court by Brown and Nevada County District Attorney Cliff Newell. Brown's office said Hastert could face up to 11 years and four months in prison if convicted of the charges.

Hastert could not be reached for comment Friday.

The case is the latest in a string of mortgage fraud cases involving Northern California, which law enforcement officials say has become the nation's epicenter for such schemes.

– Sam Stanton

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BCBR Article.Real Estate

February 20, 2009 --

BOULDER - Serious Materials Inc., which acquired Boulder-based Alpen Windows this past summer, is expanding its presence in the Boulder Valley.

The California-based green building material company signed a lease for 36,955 square feet of space at 6268 Monarch Place near Niwot. The new lease is in addition to Serious Materials' existing 15,000 square feet of space at 5400 Spine Road in Gunbarrel.

Serious Materials Market Manager Robert Clarke said the Boulder window and glass manufacturing office has increased from 25 to 40 employees since the acquisition. He said the company expects to continue to grow in 2009.

The glass side of the business will remain in the 5400 Spine Road location, and the window frame side will move to the new building. Depending on the volume of future business, Serious may keep both buildings.

"It's a good story that green materials business is still growing in this economy," Clarke said. Part of the expansion in Boulder also has to do with Serious Materials acquiring the assets of former Kensington Windows in Pennsylvania on Jan. 20, Clarke said.

In November 2007, Serious Materials received $50 million in funding to grow the company. In addition to windows, the company manufactures EcoRock, a drywall substitute that takes less energy to produce.

Serious Materials is also the parent firm of Quiet Solution, which makes soundproofing products that enhance livability and encourage sustainable land use in urban infill projects.

CROCS EXPANDS IN CALIF.: Crocs Inc. (Nasdaq:CROX) said it has signed a lease to open a new 400,000-square-foot distribution facility in Southern California.

The facility at 4060 E. Francis St. in Ontario, Calif. would handle all of the company's new product lines, said Tia Mattson, spokeswoman for the Niwot-based company.

She said the new California distribution center would provide better entry into the U.S. market in order to improve customer delivery time.

Crocs currently has its main distribution center in Aurora, where it leases 267,000 square feet of space. The lease runs to 2010. Mattson declined to speculate that the new California location would replace the Colorado one.

"Right now, we're not making any changes," Mattson said. The Aurora facility at 2470 Airport Blvd. employs about 280 mostly third-party personnel, Mattson said. The California facility will employ about 150 mostly third-party personnel by the end of the year, she said.

Paul Whiteside and Aaron Evans with New Option Partners in Boulder represented Crocs in the California real estate deal.

BOULDER LEASES: Ascend Analytics LLC, a Boulder-based software and consulting company for the energy industry, signed a lease for 3,024 square feet of space at 1877 Broadway, Suite 706. The company is moving from 2737 Mapleton Ave. Chris Boston and Chip Wise with Gibbons-White Inc. and Aaron Evans with New Option Partners helped broker the deal.

* Special Aerospace Services LLC, an aerospace consulting firm, signed a lease for 2,200 square feet of space at 250 Arapahoe Ave., #200. Angela Rookey and Michael-Ryan McCarty with Gibbons-White Inc. helped broker the deal.

* Boulder Implants & Periodontics PC, a local dentist, signed a lease for 1,757 square feet of space at 1840 Folsom St., Suite 302. Lynda Gibbons with Gibbons-White Inc. helped broker the deal.

Industry champion McCabe dies.

William H. McCabe Jr., a lawyer-turned-developer and a major advocate for the shopping center industry during the 1990s, died Wednesday. He was 72.

McCabe, an ICSC trustee, retired in 1999 as senior executive vice president of development at New England Development, in Newton, Mass. He helped the firm become one of the most prolific mall developers in New England during the 1980s and ’90s.

McCabe distinguished himself also by working tirelessly on behalf of the industry. Through the 1990s he was among a core group of volunteers who shaped and energized ICSC’s government-affairs activities, giving the industry greater political clout, and regulators and politicians a better understanding of the business. He was chairman of the association’s national government-relations committee, its federal political action committee and its environmental issues subcommittee, which he founded. He was also chairman of ICSC for the 1999–2000 term.

McCabe’s soft-spoken, studious style and broad knowledge of the industry served him well, whether he was seeking approval for a project at a raucous town-hall meeting in New England or leading a delegation of executives through meetings with Congress members.

McCabe was tapped in 1977 by Stephen R. Karp, New England Development’s chairman, CEO and founder, who built one of the first enclosed malls in the Northeast in 1972. Karp wanted McCabe to help him ramp up his mall development efforts in the region. Many of the projects McCabe helped develop were suburban malls, but others were complicated urban renewal projects, such as CambridgeSide Galleria, a 1 million-square-foot, mixed-use complex near downtown Boston that opened in 1990.

“He had a very relaxed personality,” said Karp. McCabe was a skilled and patient listener, Karp says, and was always well prepared at local government meetings to handle questions and concerns about the projects.

McCabe also had a strong understanding of the real estate side of the department store business. He was a graduate of Villanova University School of Law and practiced law in New York City before joining the real estate department of J.C. Penney Co. From there McCabe joined New England discounter Zayre Corp. He left Zayre to work for General Growth Properties in 1973 as a vice president of development. After a few years there, he joined what would become New England Development.

McCabe was “very content to be behind the scenes, but professionally he was recognized as one of the best in the business,” said John M. Ingram, principal of Woburn, Mass.–based Ingram Realty Advisors and an ICSC trustee and past chairman.

Beginning in the 1980s McCabe became involved with ICSC, gravitating toward government affairs because of his extensive dealings as a developer with state and local officials.

“Among other significant contributions, Bill’s role with ICSC and government relations was pivotal in placing ICSC where it is today in terms of Alliance programs and other governmental relations prominence,” said ICSC President and CEO Michael P. Kercheval.

He inspired others to get involved too, stressing the importance of meeting regularly with members of Congress and federal regulators to give them insight into the industry and the issues affecting it, from bankruptcy laws to the collection of Internet sales tax.

McCabe “understood the intricacies of the issues and had a way about him that made people believe in him,” said Gary D. Rappaport, SCSM, SCMD, SCLS, CDP, president and CEO of the Vienna, Va.–based Rappaport Cos., an ICSC past chairman and a trustee who has been involved in government affairs for years. “You’d say, ‘That is a hard-working, honest man who understands what he is talking about.’ ”

As chairman of the ICSC PAC, McCabe was an adept fund-raiser. With a bigger coffer, the industry gained more political clout on Capitol Hill and could support sympathetic candidates. “He raised lots of money from trustees and past trustees, and that surely helped get ICSC better known on Capitol Hill,” said Rappaport.


McCabe served on the board of overseers of Newton-Wellesley Hospital, in Newton, and was an adviser to his family’s sporting goods chain, Thunder Sports.

“Bill McCabe seldom took no for an answer — not a final one that is,” said John T. Riordan, president of ICSC until 2001 and a lifetime trustee. “When dealing with local, regional, state and national authorities, he brought knowledge, persuasion based on that knowledge, and a polite insistence in the correctness of his cause.”

McCabe is survived by his wife Linda, “his most important partner in all he did,” according to Riordan. She “knew both how to encourage and to challenge him to greater and greater success.”

Three children also survive him: William, Michael and Jennifer Regan.

Area's housing values avoid national collapse

Two recent reports offer different views of how the Milwaukee's area's housing values are holding up.

However, both reports demonstrate that the residential property values in the Milwaukee area are holding up better than the rest of the country.

The latest report by New York-based Radar Logic Inc. says that the Milwaukee area's residential property sold for $114.78 per square foot during November, up 2.4 percent compared to November of 2007. The Milwaukee area was the only major metro area in the U.S. that had a price increase for its residential real estate, according to the report.

But according to another report by Seattle-based Zillow, the value of residential real estate in the Milwaukee area fell 6.5 percent in 2008. However, that was still better than the United States as a whole, which had residential real estate values decrease by 11.6 percent during the year.

According to both the Radar Logic and the Zillow reports, the metro areas with the biggest decrease in residential real estate values are in California, Nevada, Arizona and Florida.

Wisconsin is still seeing its share of foreclosures, however. According to ForeclosureAlarm.com, a real-time notification system of new foreclosure filings in the state, foreclosures in January were the second-highest on record for the Wisconsin, far outpacing those in December. In addition, the January numbers continue a trend in foreclosure escalation over the last year with increases in the number of foreclosures in seven of the past eight months.