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During his second year at graduate school at Cornell University in Ithaca, N.Y. after working in investment banking, Alex and his girlfiend - now wife Lany - pointed at cities on a U.S. map and discussed where they wanted to live. San Diego, with its sunny days and sandy beaches rose to the top of the list.
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As commercial real estate loan defaults spike to the highest level in 20 years, a seismic shift in control of real estate assets is taking place — from owners and borrowers to lenders and investors. Almost every active provider of real estate investment and development capital is struggling to determine the appropriate management and exit strategy for troubled investments.
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CARLSBAD, Calif. - Capstone Advisors, a Southern California based real estate services, investment and development company, has purchased 101 entitled residential lots in the City of Wildomar, Riverside County, Calif. Capstone Advisors completed the year-end transaction with a regional lender to acquire the REO property which consists of the 41 acres known as “Rancho Fortunado Estates”...
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CARLSBAD, Calif. - Capstone Advisors, a leading institutional advisor and asset management company, is pleased to announce the company's most recent asset management assignment, which involves a 1,500-plus lot community in Riverside County for an institutional real estate lender.
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[Excerpt] "The next stage of the recovery is about money, or as Alex Zikakis of Capstone Advisors Inc. puts it, "Once the banks get their capital back up, then they will start dumping assets." The point is that there will be little room for new development until the old inventory is cleared out through sales, rehabilitation, retrofitting and changing uses. There is no way to get around it. "It will be a long road to recovery," stated Zikakis.
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