Todd Clarke @ January 29, 2009 # One Comment
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 legislation, and in [...]
Todd Clarke @ January 20, 2009 # No Comment Yet
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, NM [...]
Todd Clarke @ January 17, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 16, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 14, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 12, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 12, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 11, 2009 # One Comment
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 [...]
Todd Clarke @ January 11, 2009 # No Comment Yet
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 [...]
Todd Clarke @ January 10, 2009 # No Comment Yet
The Washington Post has an interesting article on how the pieces for put into play for today’s economic meltdown over two decades ago.