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O'CONNOR REAL ESTATE EVENTS


 

  • Land Forecast Breakfast
    July 9th 7:30am a.m. - 9 a.m.
    Location: Courtyard on St. James, 1885 St. James Place, Houston
    Speakers: Mr. Dave Ramsey, NewQuest Properties
    Mr. Duane Heckmann, Land Advisors

  • Apartment Forecast Luncheon
    July 23rd 11:30 a.m. - 1:00 p.m.
    Location: Hilton Post Oak, 2001 Post Oak Boulevard, Houston
    Speakers: Mr. Keith Van Arsdale, BMC Capital

  • Hotel/Lodging Forecast Luncheon June 18th 11:30 a.m. - 1:00 p.m.
    Location: InterContinental Hotel, 2222 West Loop South, Houston
    Speakers: Mr. Bruce Walker, Source Strategies

 

 

 

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



Real Estate News

Penn National Gaming, JV Call Off $9B Merger
WYOMISSING, PA-Citing regulatory hurdles, Penn National Gaming and a Fortress/Centerbridge JV scrap plans for an $8.9-billion deal to take the company private.

Hines REIT Pushing To Fill $3B Fund
HOUSTON-The REIT, launching its third fund, will target US office properties and select non-office deals in key markets. The hunt begins for investors and properties alike.

JPI Next Focus is Transit-Oriented Projects
WASHINGTON, DC-Now that its $500-million Capitol Yards project is in hand, JPI is focusing on suburban infill multifamily developments.

Bank Tower Lures Senniger, Crane
ST. LOUIS-The companies are helping bring the tower up to almost 70% occupied, after Bank of America vacated more than half of its 240,000 sf.

Rumored GVA-Colliers Deal Part of Trend
NEW YORK CITY-Insiders say that as rumors grow stronger surrounding the possible GVA Williams/Colliers International merger, the trend toward industry consolidation is continuing.




Folsom mulls a tech incubator
The city of Folsom has hired consultants to examine the feasibility of establishing a technology-company incubator in the city.

Target discontinues coupons due to fraud
Target Corp. said it will no longer accept coupons for $5 off a purchase at its stores, because of fraudulent tampering. (TGT)

Dircks uncrates new Web site
Dircks Moving, Logistics and Real Estate has moved its new Web site into operation.

Former site of Hawaii Raceway Park goes back on market
The former Hawaii Raceway Park is back on the market.

CIM Group buys Oakland Brandywine high-rises for $412M
The real estate fund manager CIM Group has agreed to pay $412.5 million for five Oakland high-rise office properties owned by Brandywine Realty Trust totaling 1.7 million square feet. (BDN)



Property Tax News

Rockland business group backs property tax cap (The Journal News)
PEARL RIVER - The Rockland Business Association, or RBA, has come out in favor of a cap on property taxes as a way to bolster efforts to grow the number of employers and jobs in the county.

Firms can't collect N.O. taxes, judges rule (New Orleans Times-Picayune)
New Orleans' system of using private attorneys to collect overdue property taxes and charging delinquent taxpayers penalties and collection fees violates the state Constitution, the Louisiana Supreme Court said in a unanimous ruling Tuesday.

Tax votes squeezing schools' budgets (San Antonio Express-News & KENS 5)
After election rebuffs, South Texas districts get creative; Lytle will ask again to raise rate.

County nets cash at tax auction (Plattsburgh Press Republican)
The properties were sold on June 19 after being foreclosed on by the county for delinquent taxes. Residential properties that are four years behind in taxes and vacant land that is two years behind are foreclosed on by the county and put up for public auction.

Property taxes are due (The Bryan-College Station Eagle)
By CRAIG KAPITAN Eagle Staff Writer The Brazos County Tax Office is expecting long lines Monday consisting of property owners who chose to p ...



REIT News

Brandywine sells Oakland towers for $412 million to CIM Group (at bizjournals.com)


CIM Group affiliate buys Oakland Brandywine high-rises for $412M (at bizjournals.com)


Jeff DeVuono Named Executive Vice President and Senior Managing Director (Marketwire)


Douglas Emmett, Inc. Announces Dates for Its 2008 Second Quarter Earnings Results and Live Conference Call (Business Wire)
SANTA MONICA, Calif.----Douglas Emmett, Inc. , a real estate investment trust , announced today that it plans to release its 2008 second quarter earnings results after the close of the stock market on Tuesday, August 5, 2008.

Hold Duke Realty for High Yield (Zacks.com)
Duke is ramping up development at a time when office and industrial leasing will become more difficult. We rate the shares a Hold due to the yield, now over 8%.



News for CPAs

Round-table transcripts published
On Thursday 19 June 2008 the IASC Foundation held public round-table meetings in London on the two issues dealt with in part 1 of the Constitution Review. For the convenience of our constituents we provide an unedited transcript of the round-tables ahead of the Trustees’ meeting that will be taking place on 8 and 9 July 2008 in Washington DC, United States.

IASB response to the credit crisis
The IASB has a number of initiatives underway related to the credit crisis. For the convenience of interested parties we have created a dedicated section of the Website that outlines our response to the credit crisis and provides links to related meetings, announcements and speeches. To access this section, go to www.iasb.org/credit-crisis or click here.

IFRIC issues clarification on agreements for the construction of real estate
The IFRIC issued today an Interpretation, IFRIC 15 Agreements for the Construction of Real Estate. The Interpretation will standardise accounting practice across jurisdictions for the recognition of revenue among real estate developers for sales of units, ‘off plan’, ie before construction is complete.

IFRIC issues guidance on hedges of a net investment in a foreign operation
The IFRIC issued today an Interpretation, IFRIC 16 Hedges of a Net Investment in a Foreign Operation. The IFRIC was asked for guidance on accounting for the hedge of a net investment in a foreign operation in an entity’s consolidated financial statements.

Constitution Review round-tables held in London
On Thursday 19 June 2008 the IASC Foundation held public round-tables on the two issues dealt with in part 1 of the Constitution Review. Full details are available here.



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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