TReXGlobal.com Seeks to Ease Tax Preparation for Income Properties
SILICON VALLEY, Calif. — There are 10 million real estate investors and landlords in the U.S., and 9 million of them own less than 10 properties. Tax season is a very busy and aggravating time for these real estate investors and landlords as they try to get their rental property finances organized to file their [...]
USC Lusk Center Says Commercial Real Estate Will Continue to Weaken and Markets Won’t Grow for Two Years
LOS ANGELES–(BUSINESS WIRE)–A lack of liquidity remains the major obstacle to a recovery in the commercial real estate markets at least until the end of this year, according to real estate finance expert Stan Ross, chair of the USC Lusk Center for Real Estate. “We will also see a curtailed supply of new construction, more [...]
How Property Managers Can Cut Utility Costs
Perhaps the most significant operating cost for multifamily properties is the cost of utilities. However, there are strategies that can help reduce those expenses. From solar lighting to sub-metering, managers across the country are increasing revenue by lowering the bottom line. Many solutions do not include a huge capital investment and can be implemented quickly.
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The Expert - San Francisco Tops Apartment Market Again
San Francisco claimed the top spot of Marcus & Millichap Research Services’ National Apartment Index for the second consecutive year. While the metropolitan area’s large concentration of professional and financial firms is expected to result in job cuts, it ranked close to the top in almost all of the other measurements used in the index.
‘Edge Cities’ Set to Move to Forefront
At first glance, it may appear that the country’s largest cities will reap the biggest benefits under President-elect Barack Obama’s planned infrastructure initiatives, partially due to his connections to metropolitan areas like Chicago. But according to urban planner Douglas McCoach, vice president of planning and urban design for global design firm RTKL Associates Inc., perimeter suburban and exurban areas surrounding large U.S.cities–locations he describes as “edge cities”–may gain the most from new infrastructure funding.
Riverstone Wins Management of 15,000-Unit BlackRock Portfolio
Riverstone Residential has been awarded the management of more than 15,000 apartment units in the portfolio of BlackRock Realty Advisors Inc., the real estate equity arm of BlackRock Inc.
CBRE to Handle FDIC’s Portfolio of Owned Real Estate
CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions. Terms of the deal were not revealed. CBRE will be tasked with the property management, leasing and ultimate disposition of these assets across the country, Puerto Rico and the U.S. Virgin Islands.
