Properties for Sale
Properties for Lease
About Us
Contact Us

Multi-Family in San Luis Obispo CountyNews

Our goal is to keep you informed about multifamily news and trends in the Santa Barbara County and San Luis Obispo County real estate markets.

Tasting Room for Sale or Lease with Daniel Gehrs retirement
By Daniel Gehrs Wines, March 2017
Daniel Gehrs is retiring after 40 years of "living the dream." "We have had the absolute joy of being a part of the community and doing what we love, and our hope is whoever buys the tasting room enjoys everything as much as we did," Daniel added. For anyone interested in buying or leasing the tasting room property visit
www.2939GrandAve.com. Full article…

1031 Tax Deferred Exchanges: How can I defer paying capital gains tax if I sell my commercial property?
By Steven R. Battaglia, May 2016
"The sale of a commercial property can create significant tax ramifications that must be considered carefully with wise counsel from your CPA or tax attorney and your real estate professional, especially if the asset has been owned for a number of years." Full article…

Regulators Concerned About Rising Risks in Multifamily Market
By Brian Collins, National Mortgage News, 12/18/2015
"Federal regulators are concerned about credit and interest rate risk on apartment and other multifamily loans — and warning lenders that they need to be cautious." Full article…

Multifamily Prices Could Stall With Interest Rate Hike
By Bendix Anderson, National Real Estate Investor, 10/13/2015.
"Apartment property prices may finally stop rising—and even begin to fall—when interest rates start going up. 'The assumption is that capitalization rates would jump higher with interest rates,' says Luis Mejia, chief multifamily economist with research firm CoStar Group." Full Article…

Taking A Look At Water Usage In Apartment Buildings
by Dave Alley, KEYT/KCOY/KKFX Reporter, 7/27/2015.
Discusses conservation methods for apartment communities, including encouraging tenants to "do the right thing," installing ratio utility billing systems ("rubs"), and using water efficient appliances. Full Article…

California Investors Shift Away From Single Family to Multi-Family Assets
By Miho Favela, World Property Journal, 5/8/2015.
"According to a California Association of Realtors (C.A.R.) survey of its members about their interactions with investors, with the depletion of available distressed homes on the market over the past two years, more investors are shifting to investing in multifamily properties and away from single-family homes." Full article...

Housing Density must be a Priority
Editorial in The San Luis Obispo Tribune, 3/25/2015.
"Mini-storage units will no longer be allowed to be built on land zoned for multifamily housing in the county's unincorporated areas, the Board of Supervisors decided Tuesday. Good decision. Given the serious shortage of low-cost housing in San Luis Obispo County, the board needs to send a clear message that multifamily land should be reserved for high-density housing, including apartments, condos and duplexes." Full article...

Steve Battaglia listed in Who's Who in Commercial Real Estate
By Pacific Coast Business Times, March 13-19, 2015
Steven Battaglia was listed in Who's Who in Commercial Real Estate in the March 13-19, 2015 edition of the Pacific Coast Business Times.

Steve Battaglia listed in Who's Who in Commercial Real Estate
By Pacific Coast Business Times, March 14-20, 2014
Steven Battaglia was listed in Who's Who in Commercial Real Estate in the March 14-20, 2014 edition of the Pacific Coast Business Times.

New 1031 Filing Requirements for California starting January 1, 2014
by Steven R. Battaglia, Battaglia Commercial Real Estate, 1/1/2014.
Starting January 1, 2014, all taxpayers who sell California property in a 1031 exchange and purchase a non-California replacement property will now be required to file the new "1031 Information Return" to the California Franchise Tax Board. This filing must be completed annually until the deferred gain is recognized. In June 2013, the California Legislature passed Assembly Bill 92 (AB 92) which added Sections 18032 and 24953 to the California Revenue and Taxation Code, creating the new filing requirement. With this new law in place, the Franchise Tax Board will be able to track gains from California-based 1031 exchanges. More info...

Apartment, Condo Markets Remain Strong
By National Association of Home Builders, Daily Real Estate News, 3/8/2013.
Builders and developers are reporting growing optimism in the apartment and condominium market. ..."The apartment and condo markets continue to improve as new household formations generate demand." Full article...

Steve Battaglia listed in Who's Who in Commercial Real Estate
By Pacific Coast Business Times, March 8-14, 2013
Steven Battaglia was listed in Who's Who in Commercial Real Estate in the March 8-14, 2013 edition of the Pacific Coast Business Times.

More Lenders, More Choices for Multifamily Borrowers
By Bendix Anderson, National Real Estate Investor, 2/8/2013.
Multifamily borrowers will have more choices in 2013, as more lenders compete to make permanent loans to apartment properties. ... "Low interest rates are prompting borrowers to finance, and improving property markets are helping more deals underwrite successfully. The relative strength of commercial and multifamily mortgages as investments continues to fuel lenders' appetites." Full article...

Is Multifamily's Meteoric Growth Built to Last?
By Mark Obrinsky, National Real Estate Investor, 12/19/2012.
Everything seems to be going right for the apartment industry. Demand is growing. New supply remains constrained. Rents are rising a little faster than overall inflation. Occupancy rates have rebounded to normal levels in most markets. Real estate investors still find apartments an attractive asset class and financing is mostly available. For the next few years, most analysts foresee rising rents, higher net operating income, modest price gains, available capital and an active transactions market. Is it all too good to be true? ... [The bottom line:] market fundamentals show that some potential threats to the industry's recovery and growth have been overstated. Apartment fundamentals provide a positive outlook, barring a replay of the single-family housing bubble or the Great Recession. Full article...

Apartment-Vacancy Rate Tumbles to 2011 Level
By Dawn Wotapka, Wall Street Journal, 1/5/2012.
"The nation's apartment-vacancy rate in the fourth quarter fell to its lowest level since late 2001 as Americans continued to favor renting homes instead of buying them. ... Multifamily property has been the star of the real-estate sector for more than a year, generating profits for landlords.." Full article...

Rent Control Hits the Supreme Court
By Richard A. Epstein, Wall Street Journal, 1/4/2012.
An opinion column on why "private apartment owners should not have to fund a public welfare program." Rent control adversely affects apartment owners by allowing "a tenant to remain in possession of property after the xpireation of a lease at below-market rents." Full article...

Why All Is Not (Uniformly) Rosy in the Apartment Sector
By Victor Calanog, Contributing Columnist, National Real Estate Investor, 12/27/2011.
"Multifamily properties have outperformed other commercial property types in the past two years, benefiting directly from the continuing travails of the for-sale housing market. ... Multifamily properties will continue to benefit from a convergence of positive factors: first, as the for-sale housing market continues to struggle, fewer households will make the transition from renting to owning a home. Despite record-low mortgage rates, credit still remains tight except for those with the best credit histories and capacity for large down payments. Although the rate of job creation remains moribund, the economy has created over 2 million jobs since 2010, and on the margin individuals are moving out of doubled-up households to rent their own places." Full article...

Nontraditional Lenders Gain Multifamily Market Share
By Susan Piperato, Managing Editor, National Real Estate Investor, 9/9/2011.
"Multifamily housing is leading commercial real estate's recovery with strong rent growth, rising values and high occupancies, which is enticing non-traditional funding sources—especially life insurance companies—to attempt to gain market share. James Tramuto, the Houston, Texas-based executive vice president of Jones Lang LaSalle's capital markets group, real estate investment banking, notes that major life insurance companies—including MetLife, Northwestern Mutual, Teachers, and Alliance—have been a big component of multifamily finance this year…." Full article...

Will Cap Rates Rise or Fall in 2011 and 2012? The Answer May Surprise You
by Victor Calanog, Contributing Columnist, National Real Estate Investor (NREI), 6/14/2011.
Summary statement. Full article...

Kennedy Wilson Buys 1,008-Unit Apartment Complex in California for $140.5 Million
by National Real Estate Investor Staff, 6/1/2011.
Real estate investment firm Kennedy Wilson and its partners have acquired Bella Vista at Hilltop, a 1,008-unit multifamily community in San Pablo, Calif., for $140.5 million. The sale represents the largest single multifamily transaction by number of units thus far in 2011, according to Real Capital Analytics. Full article...

Excerpt from Foreclosure Radar Report, February 2011
by Steven R. Battaglia, Battaglia Commercial Real Estate, 3/22/2011.
Foreclosure activity slowed significantly across the board in February with filings down in Arizona, California, Nevada, Oregon and Washington. Foreclosure sales saw a similar deep dip throughout our coverage area, a dramatic about face from the surge in sales seen in January. Full article...

Economic Turnaround Underway in 2011
by Steven R. Battaglia, Battaglia Commercial Real Estate, 3/3/2011.
In this summary of the 2011 Santa Barbara County Real Estate and Economic Forecast, Steve shares, "In short, the recession is over, and we have been in recovery for most of 2010, so we can expect to see concrete signs of a turnaround in 2011." Full article...

Commercial Real Estate Vacancy Rates to Decline but Rent Recovery Delayed
by Walter Molony, National Association of Realtors, February 25, 2011.
A stabilization trend is taking place in commercial real estate sectors, but in most markets rent will remain soft except for multifamily rentals, according to the National Association of Realtors. Full article...

Housing Woes Fuel Apartment Surge
by Dawn Wotapka, Wall Street Journal, 1/29/2011.
"Falling home prices and lethargic sales have been bad news for homeowners, but a boost for one group of real-estate investors: apartment-building landlords. " Full article...

Landlords Seize Upper Hand in Apartment Market
by Dawn Wotapka, Wall Street Journal, 1/31/2011.
"...falling home prices and lethargic sales have given a boost to the apartment sector, with plenty of people willing to become landlords. With millions of families switching from being homeowners to renters, apartment-building values have soared." Full article...

Field Guide to Multi-Family Property
from National Association of Realtors, January 2011.
Have you ever thought about investing in rental property? Apartment buildings, condominiums, rental housing... all of these properties can be lucrative investments. Or they can be disastrous money pits!!! In this Updated Field Guide you will find articles covering not only investing in multi-family properties, but also what to do with the property once it's yours. Full article...

Apartment Market Looks Strong Going Forward
by Dees Stribling, Contributing Editor, Multi-Housing News, 11/16/2010.
"The latest quarterly report by Prudential Real Estate Investors (PREI) on the state of U.S. commercial real estate confirms that the multifamily rental market is in good shape, and that apartment owners have much to look forward to. The outlook for apartments is driven by fairly simple-to-understand economics: Demand is going up, but supply is not." Full article ...