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What is Personal Property? Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn’t fixed permanently to one particular location. It is […]
Property
As with all kinds of economic bubbles, disagreement exists over whether or not or not an actual estate bubble can be identified or predicted, then perhaps prevented. Speculative bubbles are persistent, systematic and growing deviations of actual prices from their elementary values. Real estate bubbles could be difficult to identify […]
With retail and apartment vacancies rising and rents falling, and with the prospect of employers cutting their office space looming, the question is whether the hundreds of millions of dollars the banks have set aside for commercial-property loan losses will be enough. An epicenter of Covid-19, the city shut down […]
Houston International Insurance Group, Ltd. (“HIIG” or the “Company”) announced today that the Company has hired Jason Rollins to join its Commercial Property group as Director of Underwriting. Mr. Rollins has 20 years of experience building highly profitable property books. He previously was the Head Property Underwriter at International Mining […]
Proposition 15 is on the ballot to eliminate the property tax cap for business properties to increase funding for local governments and schools. CALIFORNIA, USA — Proposition 15 is on the ballot in 2020 to amend the tax caps set by Proposition 13 back in 1978. The voters chose […]
Senior Vice President, Investment Management at AppFolio, which provides cloud-based property management software solutions. getty Despite challenges brought on by Covid-19, many property management teams rapidly adopted technology to help ease the burden of shifting to an entirely remote working model. In today’s world, for successful property management teams, maintenance requests […]
churchpropertylocater.com Over the past decades, many commentators have observed declining religious attendance, particularly in small towns and rural communities. This has meant empty and underutilized churches and other religious buildings with the added burden of fixed costs. When contributions from the congregation decline (or vanish completely), this can make maintaining […]
Edinburgh recorded the highest value of sales for Scotland but the figures were still well down on both the previous quarter and Q2 2019. The Scottish Property Federation (SPF) said its analysis of the latest commercial property statistics from Registers of Scotland showed that sales amounted to £285 million in […]
Indeed, why are there virtually no distressed sales of commercial properties, even though so many of the the country’s small- and medium-sized businesses have seen their revenues evaporate as a result of the pandemic? One senior banker told me there was an easy explanation for the extraordinary resilience of the […]
By Camilla Dell, Founding Managing Partner, Black Brick As experts in the Prime Central London (PCL) property market, we’re always, of course, analysing the data, so I would never dismiss the empirical evidence that many reports provide. As someone with a Masters in marine biology, I’ve […]
“Commercial rentals haven’t gone mad; rates and taxes have. They are bizarrely increasing in this weak economic environment and these continued increases are unsustainable for the real estate industry,” said Estienne de Klerk, CEO of Growthpoint Properties and Chairman of the South African Real Estate Investment Trusts (SAREIT) Association, speaking in today’s […]
Chestnut Ridge Apartments. Image courtesy of Beitel Group Beitel Group, a New York-based single family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment community in Louisville, Ky., from Birge & Held Asset Management, which had owned the property for more than three years. The sale price was not disclosed. […]
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© Trevor Brine/CBC Winnipeg’s city council will discuss possibly waiving penalties on unpaid 2020 business and property taxes at an emergency meeting on Monday. Winnipeg’s city council is set to discuss the possible extension of property and business tax deferrals for two more months at an emergency meeting on Monday in […]
HONG KONG, Aug 19 (Reuters) – Hong Kong’s banking regulator said on Wednesday it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by U.S.-China trade tensions, violent street protests last year and the coronavirus crisis. The change lifts […]
Malone Commercial Brokers is pleased to offer for sale a hugely successful, turnkey concert and event business with malleable space right in the heart of downtown Portland. The Portland House of Music and Events (PHOME) has become a beloved staple in the city’s music scene over its five years of […]
If you want to know who really controls Picton Property Income Limited (LON:PCTN), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. We also tend to see lower […]
The South Delhi Municipal Corporation (SDMC) on Monday passed the proposal to levy a professional tax on self-employed persons — a first for Delhi — and doubled the tax on rented commercial property. The municipal body also announced hike in tax on transfer of property in new tax proposals aimed […]
Commercial property price growth slowed in the US in June, according to a new report by Real Capital Analytics. The US National All-Property Index was stagnant in June compared with the previous month and has gained only 3.6% compared to last June, according to the latest RCA CPPI summary report. The […]
NEW BOSTON, Texas — After spending a month and three meetings to consider a proposed optional higher cap placed on property tax rates, Bowie County Commissioners approved having the optional rate available to them Monday. The court, in a 3 to 1 vote, agreed to have a proposed optional property […]
Decoupling is seen as a key negotiating chip in discussions under way about a “grand compromise” this legislative session to permit passage of a property tax relief/school aid reform bill — highly sought by farmers and ranchers — as well as a new state business incentive program — the top priority of […]