California Needs $65B Just to Maintain Infrastructure

Signs of our brittle world in California are becoming more obvious with $65B required to just maintain what we have……and what we have is definitely not doing its job for its citizens. One very sad recent decision was the closure of many of our wonderful state parks. Our quality of life is set to be compromised in a lot of ways.


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Resurrection of confidence in economy - but will it last?

Jim Paulsen with Wells Fargo is the ultimate optimist who anticipates 3% economic growth this year and a definite turn around in 2012.


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$300B Investment in CRE Expected for 2012

With 2011 behind us, and reported record numbers from several lenders in commercial real estate such as Met-Life and Real Estate is sure to shine in 2012.


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Americas Cup - the impact on SF's economy and waterfront

The San Francisco Bay will host the 34th America's Cup in 2013 with preliminary rounds for the Louis Vuitton Cup in summer/autumn of 2012. This will create a huge construction program which in simple terms is a mammoth undertaking. The first of which would be the transformation of Pier 27 which will be "America's Cup Village". “It will be a gathering place where race fans can view the tournament, shop, and eat" according to Eric Young for the San Francisco Business Times.

The San Francisco economy will be given a possible multi-billion dollar influx in spending. Over 8,800 new jobs will be created in order for America’s Cup to be ready by the deadline required. Also "America’s Cup has set a goal of using San Francisco based small businesses 30% of the time in contracts of at least $150,000". Great for the City and its residents.

The America's Cup - America's Cup race course revealed Seen Above

Whopping Effect

"The event will cost a whopping $300 million, $32 million of which will be raised by the nonprofit America's Cup Organizing Committee on behalf of the City. But according to the San Francisco Examiner, members of the committee have kept quiet as to how they plan to raise such a sum, and some City officials show little concern. "That's always been an overarching concern," Supervisor David Campos told the Examiner, noting that taxpayers would be forced to pay the leftovers should the committee fail to meet its fundraising goal.

It hasn't exactly been smooth sailing for the America's Cup executive team either. Last month, the San Francisco Business Times reported that even CEO Craig Thompson left the organization as a result of "lackluster financial performance, Richard Worth chairman of the America's Cup Event Authority, will replace him." Click Here for more on the CEO shake up.

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Projected Plans for the City 1

Projected Plans for the City 2

$580B in Commercial Debt maturing in 2012 - Transaction momentum?

How will the maturities wave effect business in 2012?


Of the $580B in maturing debt in 2012, $55B is securitized, of that 85% matures in the next six months. Surely this will create transaction momentum that we have all been waiting for the last four years. The Europeans are also very likely to release assets and debt in the US to shore up their portfolios. Whatever the case is, we will know soon.

"About $55 billion of property loans sold as securities come due in 2012, with $19 billion of those originated in 2007, S&P (Standards & Poor's) analyst Larry Kay reports".

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Team Member Spotlight: Sabine

One of our interns, Sabine from Austria, shares her experience and take on what student housing could offer her and her fellow peers...

My name is Sabine and I am a student of a language school, located here in San Francisco. I’m staying here in San Francisco for 6 months and I’m living with a host family, a house with 10 other students. I really enjoy my time with my host family because of the people. However the lodging situation isn’t what I presumed it would be. 

At one point, some of my peers and I thought about renting and sharing an apartment. Unfortunately, we never ventured to this step, because we didn't have enough information about how it works. We didn't really know where we should search for an apartment, in which neighborhood we should rent, mostly we didn't know if we were even allowed to rent an apartment in the USA, because we were all students from abroad.

It would have been really helpful if our school could inform us about apartment rental, because I know that a lot of students aren’t satisfied with their current options.

More Student Housing Information 
www.l38group.com/studenthousing

2011 Recap of Events

Latitude 38 Group would like to wish everyone much sucess in the coming new year. We have higlighted much in the past year and would like to recap the year in a short video slide. Enjoy the slides-

We wish you a Happy New Year!

2012 will be a year of great things to come.

Latitude 38 Group