You are currently browsing the Confessions of a Commercial Real Estate Consultant weblog archives for January, 2009.

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OP-ED- Equity in Property Taxes

Todd Clarke @ January 29, 2009 # Comments Off on OP-ED- Equity in Property Taxes

OP-EDEquity in property taxes Todd Clarke CCIM The Albuqueruqe Journal editorial titled “Add Equity to State’s CAP on Property Taxes” dated January 23, 2009 contains only part of the information needed to make an informed decision about making changes to the NM property tax system. As always, there are unintended consequences of any piece of […]

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What is a lease worth in the middle of no where?

Todd Clarke @ January 20, 2009 # Comments Off on What is a lease worth in the middle of no where?

How much would you pay to lease land that looked like this? Not too much I would expect. You know the old adage in real estate – location, location, location? Well it comes into play here as well. Although I am a lifelong NM native, and I was born hundred miles due east of Upham, […]

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From the lobo game

Todd Clarke @ January 17, 2009 # Comments Off on From the lobo game

Wow!

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Book Review: Le Deal

Todd Clarke @ January 17, 2009 # Comments Off on Book Review: Le Deal

Thanks to Anil Krishnamurthy for sending me my holiday read – Le Deal by J. Byrne Murphy. Le Deal covers a well known American Developer who decided to expand into the European retail market. Le Deal gives great insight into the differences between development in Europe and America, and provides a handful of good laughs […]

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How to maximize space

Todd Clarke @ January 16, 2009 # Comments Off on How to maximize space

The New York Times has an article about a Hong Kong born/based architect who has maximized his 344 square foot studio apartment. Gary Chang has lived in this apartment for the last 32 years and recently spent over $200,000 improving it to by creating 24 different floorplans, uses and spaces. He does this with moving […]

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Are REIT’s the canary in the mine?

Todd Clarke @ January 14, 2009 # Comments Off on Are REIT’s the canary in the mine?

As major retailers like CompUsa, Mervyn’s, Linens and Things, Circuit City, fold one after another, leaving vacant spaces in major malls across the country, occupancy rates continue a downward trend, which eventually leads to decreasing rents and values. Real Estate investors with the most leverage (i.e. the least amount of their own money), will be […]

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A motto for 2009? “Don’t be Stupid”

Todd Clarke @ January 12, 2009 # Comments Off on A motto for 2009? “Don’t be Stupid”

Thanks to my good friend, Sam Foster for turning me on to this article in the WSJ. The OP-ED piece by Daniel Henninger highlight’s one of today’s biggest issues for an investor – how to sort through the overwhelming amount of data and capitalize on the fact, while others are swapping cocktail conversation about the […]

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Update to the NAR code of Ethics

Todd Clarke @ January 12, 2009 # Comments Off on Update to the NAR code of Ethics

The National Association of Realtors recently updated their code of ethics. Major changes involve disclosure of other parties when multiple offers come in… Wikipedia states that Ethical Codes are “The effectiveness of such codes of ethics depends on the extent to which to management supports them with sanctions and rewards. ” So what do you […]

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Film Channel relocates from MN to NM

Todd Clarke @ January 11, 2009 # Comments Off on Film Channel relocates from MN to NM

A Copyrighted article from the NM Business Weekly indicates that Albuquerque has landed 100 new jobs and a corporate headquarters for the ReelzChannel. Gov. Bill Richardson made the announcement today with Stan E. Hubbard, chairman and CEO of ReelzChannel – TV About Movies. ReelzChannel is owned by Hubbard Media Group, which also owns KOB-TV, Channel […]

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Suncal goes on the offensive and promotes TIDDs

Todd Clarke @ January 11, 2009 # Comments Off on Suncal goes on the offensive and promotes TIDDs

Suncal, the recent buyer of Westland’s 64,000 acres, originally known as the Atrisco Land grant, has started promoting the benefits of Tax Increment Development Districts or TIDDS as it continues to seek the City’s approval of its development plan. TIDDS are also in the works for the redevelopment of the Winrock shopping center (named for […]

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The Washington Post’s take on the Economic Meltdown

Todd Clarke @ January 10, 2009 # Comments Off on The Washington Post’s take on the Economic Meltdown

The Washington Post has an interesting article on how the pieces for put into play for today’s economic meltdown over two decades ago.

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