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O'CONNOR REAL ESTATE EVENTS


 

  • Office Forecast Luncheon 
    November 18th, 11:30 a.m. - 1:00 p.m.
    Location:
    Courtyard on St. James, 1885 St. James Place, Houston
    Speakers: 
    Scott Ison, Axis Tenant Advisors
    Jon Silberman, NAI Houston
    Register Now!


  • Apartment Forecast Luncheon 
    December 9th, 11:30 a.m. - 1:00 p.m.
    Location:
    Courtyard on St. James, 1885 St. James Place, Houston
    Speakers: 
    Ed Nwokedi, Cushman & Wakefield of Texas, Inc.
    Craig LaFollette, Holliday Fenoglio Fowler, L.P.

    Register Now!

» RSVP for an event

Property Tax Appraisal District Reduction Consultants - O'Connor and Associates Advisors and Planners



Real Estate News

2010 Spells Pain, Except for Smart Investors
SAN FRANCISCO-Those polled for PwC and ULI’s Emerging Trends in Real Estate 2010 survey believe next year will be the worst for the industry since the Great Depression, but savvy players will be able to benefit.

Treasury Awards $5B in NMTC
WASHINGTON, DC-States are receiving another round of New Market Tax Credits to aid low income development.

Blackstone’s RE Segment Rebounds in Q3
NEW YORK CITY-The private equity giant cites an increase in management fees and stabilization in the fair value of its real estate portfolio.

GlobeSt.TV: Expect More Corus-Like Deals
LOS ANGELES-Jess Bressi, a partner at Luce Forward, speaks with GlobeSt.com’s Ian Ritter about the multifamily market at RealShare Apartments 2009.

Glimcher Assets Raise $320M
COLUMBUS, OH-Details were made public late yesterday of a $320 million deal that will give Blackstone a 60% stake in two Glimcher properties.




Contractor chosen for Banks portion
An Alabama contractor has been hired to build the private portion of the Banks riverfront development project. Brasfield & Gorrie LLC is expected to start building a 300-unit apartment building and 80,000 square feet of retail space in December. The Birmingham contractor was selected after a competitive process, according to a press release from Carter and the Dawson Co., the master development team for the Banks.

United Security Bank of Sparta fails
Regulators seized tiny United Security Bank of Sparta, Ga., Friday, making it the state's 21st failure of the year, as Georgia’s banking crisis shows no sign of abating.

Fidelity posts loss for fiscal 2009
Fidelity Bancorp Inc., Pittsburgh, Friday reported a net loss of $1.99 million, or 66 cents per diluted share, for its fiscal year ended Sept. 30.

Real deals: Warehouse sells for $5M
Fisher Scientific Co. LLC has purchased the warehouse it already occupies in the Montbello industrial park for $5.05 million. (TMO)

National Retail reports 23% drop in 3Q
National Retail Properties Inc. reported a 23 percent decline in net income for the third quarter of 2009. (NNN)



Property Tax News

State Death Taxes Are the Latest Worry (WallStreet Journal via Yahoo! Finance)
With the federal estate tax disappearing for most people, state death taxes have emerged as a surprise new worry.

Texas is the new retirement mecca (Los Angeles Times)
The Lone Star State's attractions include its low cost of living and no income tax. After trying out Pasadena, Atlanta and Miami, Lilian Junco decided this was the place to retire. Being near her son was the first attraction, but soon she was drawn in by the same combination of features that has lured tens of thousands of others from out of state: Gulf Coast living and super-low costs.

Collin County approves changes to Texas Constitution (Southlake Times)
Collin County saw a relatively tame election day, as 30,500 citizens cast their votes, the majority of which were in favor of the 11 constitutional amendments on the Nov. 3 ballot.

County will refund part of grocery bill (The Morganton News Herald)
Burke County's government collects property taxes; it doesn't normally refund them.

Area among nation’s lowest property taxes (The Houma Courier)
Kathrine Schmidt Staff Writer HOUMA - Homeowners in the Houma-Thibodaux area pay among the lowest property taxes in the nation, a report from the Tax Foundation says.



REIT News

Newcastle Investment Corp.Q3 2009 Earnings Call Transcript (at Seeking Alpha)


National Retail reports 23% drop in 3Q (at bizjournals.com)


Arbor Realty Trust, Inc. Q3 2009 Earnings Call Transcript (at Seeking Alpha)


Third Quarter 2009 Operating Results Announced by National Retail Properties, Inc. (PR Newswire)
National Retail Properties, Inc. , a real estate investment trust, today announced operating results for the quarter ended September 30, 2009.

Arbor Realty Trust Reports Third Quarter 2009 Results (PR Newswire)
Arbor Realty Trust, Inc. , a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments, mortgage-related securities and other real estate related assets, today announced financial results for the third quarter ended September 30, 2009.



News for CPAs

IASC Foundation and FAF Trustees welcome IASB and FASB commitment to convergence
The Trustees of the IASC Foundation and the US Financial Accounting Foundation, oversight bodies of the IASB and the FASB respectively, welcomed a statement by the two boards reaffirming their commitment to complete their convergence work described by the MoU by June 2011

IASB and FASB Reaffirm Commitment to Memorandum of Understanding
At their joint meeting last week, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) reaffirmed their commitment to improve International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP) and to bring about their convergence.

IASB publishes proposals on the impairment of financial assets
The IASB today published for public comment an exposure draft on the amortised cost measurement and impairment of financial instruments. The proposals form the second part of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard, to be known as IFRS 9 Financial Instruments.

Trustees welcome Monitoring Board statement on accounting standards
The Trustees of the IASC Foundation, the oversight body of the IASB welcomed a statement by the Monitoring Board, a group of public capital market authorities to whom the IASC Foundation established a public accountability link.

Live web update on IAS 39 Financial Instrument replacement - 23 September
Register now for an IAS 39 replacement project web update by IASB staff on 23 September 2009.



Self Storage News

Registration Opens for Inside Self-Storage World Expo, Washington, D.C.
Registration is officially open for the Inside Self-Storage World Expo in Washington, D.C., Oct. 5-8. Created for self-storage industry owners, managers, developers, investors and suppliers, the event comprises four days of educational seminars, product and service exhibits, and networking opportunities. It will take place at the Gaylord National Resort & Convention Center.   With a theme of “Today’s Challenges Are ... (205 words)

Inside Self-Storage World Expo Secures Better Dates for Fall Show
The Inside Self-Storage World Expo scheduled to take place this fall in Washington, D.C., has changed its dates to Oct. 5-8, 2009. Originally set for Nov. 3-6, the event will still be hosted at the Gaylord National Resort & Convention Center.   According to show planners, the decision to change the dates of the self-storage conference and tradeshow was threefold. ... (206 words)

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)






Corporate Office
2200 North Loop West, Suite 200
Houston, TX 77018
driving directions to all locations
(t) 713.686.9955 / 1.800.856.REAL
(f) 713.686.3377
For general questions not related to property tax, e-mail us.
For property tax questions e-mail the Property Tax Department.
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