Property Owner

Milwaukee’s Ogden & Company recently sold an eight-unit apartment building in the Bay View neighborhood of the city.

The two-story building includes eight one-bedroom apartments, and was originally built in 1928.

Eugene Zeratsky and Leo Trautner sold the apartment building to Bell Investments, LLC for $332,500.

Gordon Steimle and Susan Sardina of Ogden & Company brokered the transaction.

Well, just core real estate, actually.  I couldn’t resist the catchier headline.

It’s all the rage, this “core” real estate.  In a post finical blow-up world, prudence is en vogue for asset managers of all types.  Sure, there are the cowboys out there chasing CRM and NFLX up and down the charts.  For the most part, however, I’m hearing responsible people focus more on capital preservation rather than capital gains.  What better way to do that, than with core real estate holdings?

What is core real estate?  Generically, it means assets way down on the risk-reward spectrum.  Core is the real estate equivalent of mega-cap blue chip stocks.  The financial thread that binds is a thought:  it’s not sexy, but you wont get killed.

I largely support both the idea and what appears to be a trend in investing.  For the vast majority of people, capital preservation is a far more realistic goal than “making money” via speculation.  Most people  – and their

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Andy Murphy of St. Louis-based NAI DESCO recently sold two former Missouri emissions testing facilities.

The first building, located in Olivette, Mo., was sold to C&H Real Estate, LLC, also represented by NAI DESCO.

The second building, located in St. Louis, was sold to Mid America Freight Handlers.

Each building was 10,500 square feet in size.

One of the major drawbacks to actually converting dollars into Chinese Yuan, is trying to get the dollars back.  The currency trades “on shore” in China, but outsiders cannot freely buy USD and sell CNY (at least on an industrial scale); traders call this the “righthand side” of the pair (the offer side of the bid/offer for USD/CNY trading; i.e. buying USD and selling CNY).  According to Bloomberg, traders are now betting the PBOC will open up the righthand side of the pair, thereby making the currency fully convertible in 2016.  This sentiment, along with recent Yuan appreciation, has begun to put pressure on commodity prices.  Needless to s

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