Developer Rick Caruso’s luxury apartment project in Beverly Hills has recently opened on 8500 Burton Way at the intersection of La Cienega and Burton Way. Caruso incorporated a variety of architectural concepts—including a glass tower and modernist designs of the 1960s—coupled with 5-star concierge services...
Eliminate Collection Hassles with Tenant Online Payment MW Real Estate Group—headed by President Wolf Baschung, CCIM, CPM—has recently implemented a new tenant online payment portal on their website by using PayLease.com. PayLease is a leading payments provider for the property management industry, specifically serving the Residential, Homeowner Association and Commercial...
Estimating expenses is always topical around tax time, when deductions are on everyone's mind. More broadly, both appraisers and investors find themselves with recurring questions in estimating what to include on the expense side in order to achieve the best possible projections for multifamily property...
On December 2nd two Goldman Sachs analysts released a report predicting a near housing bottom. Hui Shan and Sven Jari Stehn predicted a bottom by next summer in most US metro areas. As Alan Zibel explains in the Wall Street Journal: "The analysts constructed a new model...
In Costar, Mark Heshmeyer writes that "Protracted economic distress in the housing sector has created legions of renters in new markets and new age groups. " In his article he quotes Freddie Mac SVP David Brickman as saying, "(It) is projected that $1 trillion in...
Getting the Most from Cost-Segregation Studies By Donald A. Greenhalgh, CPA If you've been using cost-segregation studies to accelerate depreciation of your commercial property, you've likely cut your taxes considerably. But could you save even more? Not all cost-segregation studies are created equally. So what can you do...
Provided by Dino Champagne, Division Manager of Asset Preservation, Inc. REFINANCING (#51) "WITH PROPER TIMING, USE YOUR EQUITY FOR WHATEVER YOU WANT" AN EXCELLENT OPPORTUNITY Many real estate investors never consider an exchange because they mistakenly believe their equity must always remain tied up in real estate. Believe it or...
In Costar Newsletter, Randyl Drummer reports that a business consortium has announced the largest single private-sector investment to date in commercial property energy retrofits and upgrades, providing new impetus to the promise of green technology to create jobs and help jump start the economy. The Carbon...
Randy Drummer reports in Costar: "The economy needs jobs, and to help pay for his $447 billion jobs creation program, President Obama is once again urging Congress to raise the tax rate on carried-interest investment income earned by real estate partnerships, private equity investors and...
By Wolf Baschung, CCIM Los Angeles developers are all too familiar with the five separate city planning agencies and departments responsible for the schizophrenic maze of planning, zoning, and development regulation. Developers find that tough and often conflicting regulations result in serious delays and cost overruns. During...