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O'CONNOR REAL ESTATE EVENTS


 

  • Retail Forecast Luncheon August 20 11:30 a.m. - 1:00 p.m.
    Location: InterContinental Hotel, 2222 West Loop South, Houston
    Speakers: Mr. Jason Baker, Baker Katz


  • Office Forecast Breakfast September 10th 7:30 a.m. - 9 a.m.
    Location: Courtyard On St. James,1885 St. James Place, Houston
    Speakers: Mr. Henry Hagendorf, Sperry Van Ness
    TBA


  • Industrial Forecast Luncheon September 24th 11:30 a.m. - 1:00 p.m.
    Location: The Westin Galleria, 5060 West Alabama, Houston Houston
    Speakers: TBA


     

     

     

    » RSVP for an event

Property Appraisal Services and Consultants - O'Connor and Associates Market Research



Real Estate News

Emmett REIT Arranges$365M Portfolio Refi
SANTA MONICA, CA-The REIT refinances the bridge loan that it used in connection with its acquisition of a six-building portfolio totaling 1.4 million sf in March.

Apollo Increases Debt Capital To $930M
NEW YORK CITY-The fund was formed in 2006 to originate loans for development, redevelopment and repositioning, and is increasing from $621 million in order to 'make larger investments.'

$275M Closes NYU Dorm Buy
NEW YORK CITY-With an increasing demand for space, the University closes on its Gramercy Green building purchase from developer JD Carlisle, which will primarily house sophomore students.

NJSEA Refinances $225M of Bonds
EAST RUTHERFORD, NJ-The state agency’s action aims to counter rising interest tied to the financial markets’ troubles.

Cooperation Is the Key to Occupancy
KISSIMMEE, FL-Landlords are advised to work with tenants to prevent further erosion of occupancy and rents.




Investment in commercial real estate falls
Investment in Denver-area commercial real estate was down in all categories except apartment properties for the 12 months through the second quarter, according to LoopNet Inc. (LOOP)

Team reports second-quarter loss
eam Financial Inc. reported a second-quarter loss compared with a profit last year and said it will increase capital at its banks to address concerns from the Office of the Comptroller of the Currency.

IPS expanding Collierville facility
IPS Corp., a California-based building materials manufacturer, has expanded its distribution center in Collierville.

Houston home prices soar in July
Houston home prices soared in July, but the local real estate market also posted its 11th consecutive month of declining sales, according to the Houston Association of Realtors.

New Eastside Catholic school will open on Sept. 2
Eastside Catholic School, which currently leases space from the Bellevue School District, will open its new facility on Sept. 2.



Property Tax News

City Council lowers city's property tax rate (ABC 7 El Paso)
For the first in 30 years, El Paso City Council members voted to lower the city's property tax rate.

Agency awards funds for housing rehabilitation in Pasadena (The Pasadena Citizen)
Realizing that many young families and retired individuals are struggling to keep pace with rising rent levels, the Texas Department of Housing and Community Affairs (TDHCA) has announced that it will help finance an affordable rental property in Pasadena that will bring much-needed stability to the lives of area tenants and monetary benefits to the local economy.

Commissioners back 9.9 percent tax boost for health system (San Antonio Express-News & KENS 5)
Commissioners Court voted Tuesday to support a 9.9 percent property tax increase for the University Health System — the bulk of which would help to pay off the first major debt for the public hospital system in 40 years.

Local legislators, candidates call for appraisal system reform (Cy-Fair Sun)
With many of their constituents feeling the pinch of increased taxes coupled with rising home valuations, legislators are expressing their disapproval of the state’s appraisal system.

Editorials (The New Braunfels Herald-Zeitung)
WORD should cut taxes if revenues are up It’s not the job of a government entity to amass public money, other than a balance adequate to fund short-term operations.



REIT News

Rayonier venture to sell New Zealand timberland (AP)
Rayonier Inc. said Tuesday that a New Zealand timberland venture in which it holds a 40 percent stake has decided to sell its real estate assets.

Rayonier venture offers to sell timberlands in New Zealand (at MarketWatch)


Rayonier Announces Intent to Offer New Zealand Timberland for Sale (Business Wire)
JACKSONVILLE, Fla.----Rayonier today announced that the New Zealand joint venture Matariki Forests, in which it has a 40 percent interest, has decided to offer its timberlands for sale.

Douglas Emmett, Inc. Obtains a $365 Million Term Loan (Business Wire)
SANTA MONICA, Calif.----Douglas Emmett, Inc. , a real estate investment trust , today announced that it has obtained a non-recourse $365 million term loan to refinance the bridge loan that was obtained in connection with the Company's acquisition of a six-office portfolio on March 26, 2008.

It's official: GE to consolidate in West Chester (at bizjournals.com)




News for CPAs

IASB Board Member receives American Accounting Association Award
Professor Mary E Barth, IASB Board Member, has been awarded the 2008 Outstanding International Accounting Educator Award from the International Section of the American Accounting Association.

IASB proposes amendments to simplify and achieve convergence in the calculation of EPS
The International Accounting Standards Board (IASB) today published for public comment proposals to simplify the calculation of earnings per share (EPS) and to eliminate differences in the methods required by International Financial Reporting Standards (IFRSs) and US Generally Accepted Accounting Principles (GAAP) to calculate EPS.

IASB publishes proposals for amendments under its annual improvements project
The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposed amendments to eight International Financial Reporting Standards (IFRSs) under its annual improvements project.

Expert Advisory Panel
The expert advisory panel met on 31 July 2008 to discuss the measurement of financial instruments in markets that are no longer active. A full update is available here.

IFRIC Update July 2008
We are pleased to announce that IASB and IFRIC Update for July 2008 is now available:



Self Storage News

ISS Nashville Expo Includes Self-Storage Golf Tournament
The Inside Self-Storage Expo in Nashville, Tenn., Oct. 7-10, 2008, will include a golf tournament at the Gaylord Springs Golf Links. The ISS Golf Classic will take place  at 1 p.m. on Oct. 7. The format is a four-person scramble with a modified shotgun tee-off.   Designed by former U.S. Open and PGA champion Larry Nelson, the course is part ... (246 words)

Tennessee Self Storage Association Participates in ISS Nashville Expo
The Tennessee Self Storage Association (TSSA) will contribute to the planning of the Inside Self-Storage Expo in Nashville, Tenn., and will hold its quarterly meeting in conjunction with the show. The event will take place Oct. 7-10, 2008, at the Gaylord Opryland Resort and Convention Center, including educational seminars, networking opportunities and industry exhibits. “We’re very pleased to ... (168 words)

Florida Association Sponsors Inside Self-Storage Nashville Expo
The Florida Self Storage Association (FSSA) will sponsor and support the Inside Self-Storage Expo in Nashville, Tenn., Oct. 7-10, 2008. The event, which will take place at the Gaylord Opryland Resort and Convention Center, will include four days of educational seminars, networking opportunities and industry exhibits. Open to self-storage professionals worldwide, it will feature a special focus on the Southeast ... (264 words)

Inside Self-Storage Announces Dates for 2009 Las Vegas Expo
Inside Self-Storage (ISS), the producer of a monthly trade magazine and bi-annual tradeshows for the self-storage industry, has announced the dates for its next Las Vegas Expo. The event will take place Jan. 26-28, 2009, at The Venetian Hotel Resort Casino and Sands Expo & Convention Center. This year's event, also ... (141 words)

CB Richard Ellis Hosts Property Tour at Inside Self-Storage Las Vegas Expo
Investors interested in viewing self-storage properties available in the Las Vegas market can participate in a free tour sponsored by CB Richard Ellis during the Inside Self-Storage Las Vegas Expo, Feb. 5-8, at The Venetian Hotel Resort Casino and Sands Expo & Convention Center. From 9:45 to 11:45 a.m. on Feb. 8, CBRE will guide existing and potential storage investors ... (273 words)






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