Coming Up

Home sales reports on the San Fernando Vallery and Southern California are due out on Tuesday (7/18/06).
The Bottom Line: This market is continuing to back-slide into the 1990s.
Someone who bought a median-priced home ($578,500) last June saw a 3.7 percent return on their investment investment in the ensuing 12 months.
Those who bought at the median in June 2004 reaped a 14.6 percent gain.

Transaction:
Madison Partners has arranged the $12.2 million sale of Toluca Lake Medical Center in Burbank to Lexham Private Investors, LLC.
Built in 1964, the property consists of a 5-story plus-penthouse building of 41,388 square feet of medica and office space.
It's on a 43,579 square foot at the southwest corner of Riverside and Screenland drives. The property also has a 31,080 square foot parking lot.
This is part of a portfolio of 12 properties. The owner Blue Real Estate hired Bob Safai, principal with Madison Partners, to sell it off. The medical center is the second sale and five are pending..
“The brisk pace and volume of investment sales in the market has not yet let up,� Safai said in a statement. “The Tri-Cities area is a supply constrained market with an extremely strong medical office market �.
Madison Partners is a Los Angeles-based commercial real estate firm.

Foreclosure Update
Also on Tuesday Realty RealtyTrac _ an online marketplace for foreclosure properties _ will release its June 2006 U.S. Foreclosure Market Report. Here's a peak. It will show that 88,195 properties nationwide entered some stage of foreclosure during the month, a decrease of 5 percent from the previous month, but still a 17 percent increase from June 2005.
The report also shows a national foreclosure rate of one new foreclosure filing for every 1,311 U.S. households during the month.
The Bottom Line" Activity is moving up from historic lows.