The words “Highest and Best Use” don’t seem to create a lot of flurry or excitement. I see any sellers and even agents marketing property for what it is, without really exploring other potential uses. As a result, it costs them in the long run when it comes time to sell or lease.
Continue reading “Highest & Best Use. Well.. that’s not exactly a buzzword, is it?”
According to Loopnet, the average asking price for the Everett area has decreased 1.3% year-over-year and increased 3.1% in just the last 3 months up to $179.27 per square foot. Washington state has decreased 2.2% year-over-year and increased 4.0% in the last 3 months to $130.66 per square foot.
According to Loopnet, the average asking price for the Everett area has increased 5.4% year-over-year and just 3.1% in just the last 3 months up to $105.51 per square foot. Washington state has decreased 1.5% year-over-year and 1.6% in the last 3 months to $82.37 per square foot.
According to Loopnet, the average asking price for the Everett area has increased 7.2% year-over-year and just 5.6% in just the last 3 months up to $186.57 per square foot. Washington state has decreased 1.1% year-over-year and .9% in the last 3 months to $139.72 per square foot.
According to Loopnet, the average asking price for the Everett area has increased 29.8% year-over-year and just 17.9% in just the last 3 months up to $119,500 per unit. Washington state has increased only 5.9% year-over-year and 4.1% in the last 3 months to $84,800 per unit.
In the recent case of Joseph Mohamed Sr., et. ux. v. Commissioner, T.C. Memo 2012-52, the U.S. Tax Court determined that a taxpayer and his spouse, after making almost $20 million worth of charitable real estate gifts to qualified charitable recipients, could not take the $18.5 million tax deduction for the gifts.
The reason is a failure to follow Internal Revenue Code regulations and use a qualified appraiser. As this case illustrates, in charitable contributions of this size, if such steps are not properly undertaken, there can be a complete loss of the deduction. Continue reading “Good intentions do not replace a qualified appraisal, by Mark Lee Levine”
Real estate heavyweight Re/Max Holdings Inc. set its initial public offering at $22 per share — above a previously announced expected range of $19 to $21 — indicating that the franchisor expects investors will demonstrate their optimism for the U.S. housing recovery when shares begin trading tomorrow on the New York Stock Exchange.
After expenses, Re/Max, which will trade under the ticker “RMAX,” expects to raise at least a net of $195.8 million, which it will use to buy out a large shareholder and reacquire two franchise regions in the U.S.
The 40-year-old company founded by David and Gail Liniger in Denver in 1973 now boasts 90,000 agents in 6,300 offices in more than 90 countries affiliated with the brand. Continue reading “Re/Max sets IPO price at bullish $22 per share”
In today’s slowly improving economy, retail success depends upon regularly updating the customer experience and a constant focus on managing occupancy costs. One way to accomplish both of these goals is to combine store remodeling campaigns with commercial lease restructuring efforts. With a partnership approach between tenant and landlord, these seemingly unrelated and potentially conflicting efforts can have a beneficial outcome for both parties by creatively aligning incentives. Continue reading “Retail Remodel: Partnerships & Success by Bridget Grams”
The sharp rise in e-tailing and its game-changing impact has created a new normal in the retail real estate sector. Major national retailers are evolving their strategies in an effort to “survive and thrive” in this new market dynamic. “The good news is that even though Apple, Netflix, Amazon, eBay, and other online giants killed record stores and video rental shops and are in the process of doing the same to electronics and bookstore big boxes, e-commerce will never replace the brick-and-mortar shopping experience,” says Sean Glickman, CCIM, managing director of Glickman Retail Group in Maitland, Fla. Continue reading “Beyond the E-tail Era by Jennifer Norbut”
By Manuel Hinds September 22, 2013
Raghuram Rajan, left, was not afraid to take on Alan Greenspan. And now, he’s sounding another clarion call as India’s new central banker. Reuters/Danish Siddiqui
In his first official act as the new governor of the Reserve Bank of India (RBI), Raghuram Rajan raised the benchmark interest rate from 7.25 to 7.5%, causing a ripple of surprise in financial circles and eliciting protests from various business representatives. But for people who know the current condition of emerging markets and Rajan’s professional trajectory, this was not surprising, at all.
Continue reading “The Economist Who Predicted the Financial Crisis”