Burbank real estate is changing. Prices are rising and inventory is staying low. One way of keeping up on What Your Burbank Home Is Worth is to keep up on news that affects Burbank property values. Come back here often for Burbank Real Estate News and to get the answer to the oft asked question “What’s My Burbank Home Worth?” Also visit SearchBurbankHomes.com to search the Burbank MLS.
Burbank Real Estate News
Burbank Industrial Park Sells for $56 Million
The 300,650-square-foot property Burbank Industrial Park has sold for $56 million.
The 14-building industrial complex near the Burbank Bob Hope Airport is walking distance from the Metrolink station. It was purchased by Shubin & Nadal Realty Investors in Newport Beach and Penwood Real Estate Investment Management in West Hartford, Conn.
Receive a rebate when you remove live turf and replace it with a California Friendly landscape!
Burbank Water and Power has expanded the rebate program for residents and businesses who remove live turf from their yard and replace it with a California Friendly landscape. Residents will receive $2.00 per square foot; businesses will receive $1.00 per square foot of turf converted, with no maximum rebate!
To participate, applicants must:
- Own a property in Burbank.
- Convert at least 250 square feet in the front yard, parkway, back yards, or side yard.
- Currently have living turf in the proposed project area. Yards without living turf or that have already been converted do not qualify. CLICK HERE FOR MORE INFORMATION
Burbank to Brookline Soar in Suburb Shift: Real Estate
By Dan Levy Jan 7, 2014 10:46 AM PT
Commercial properties from Brookline to Woodlands, Texas, and Burbank, California — areas just beyond major markets — are selling at premiums to real estate in cities such as Boston and Los Angeles. Sales in top suburbs surged to more than $25 billion last year, and the spread in capitalization rates, a measure of yield used by real estate investors, was the widest in 13 years relative to all U.S. transactions, according to Real Capital Analytics Inc.
“These are places where companies are hiring and the new economy is forming, centers of gravity that feed on themselves,” said Dan Fasulo, managing director of the property-research company, which compiled pricing data on more than 105 suburban ZIP codes for Bloomberg News…..read more