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O'CONNOR REAL ESTATE EVENTS |
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- 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!
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Property Appraisal Services and Consultants - O'Connor and Associates Market Research
Real Estate News
GGP Likely To Emerge From Bankruptcy This Year
CHICAGO-GGP has reached an agreement with lenders to restructure $8.9 billion of secured mortgage loans, with an average maturity of 6.4 years.
Morgan Stanley Sheds Crescent Portfolio
FORT WORTH-Locally based Goff Capital Inc. forms a joint venture with Barclays Capital to take over the 17-million-square-foot portfolio.
Starwood Moving HQ to Connecticut
STAMFORD, CT-Starwood Hotels & Resorts Worldwide is moving its headquarters from White Plains, NY to the Harbor Point redevelopment here.
Values Off 43% From 2007 Peak
NEW YORK CITY-The rate of price declines appears to be slowing, says Moody’s, although RCA notes that 2009 could be the slowest year this decade.
110M Gemini Sale Is Prague’s Largest
PRAGUE-The 40,000-square-meter property boast full occupancy at its sale.
Casey’s expands in Missouri
Casey’s General Stores Inc. has agreed to buy nine convenience stores in Missouri owned by PICS Marketing Inc. and Ridgerunner Properties LLC, paying an undisclosed amount.
Dayton home building permits climb 11%
The number of residential building permits in the Dayton area continued to rise last month.
Bruno trial: Bruno won't testify
Former state Sen. Joseph L. Bruno has opted not to testify in his ongoing criminal trial, which will hit a key milestone on Nov. 23.
Skip Marsden, Marsden Holding founder, dead at 81
Adrian “Skip” Marsden has died at the age of 81.
Goodwill adding stores in Round Rock, Bastrop
Goodwill Industries of Central Texas is expanding its retail presence in Round Rock and Bastrop with two new locations.
Property Tax News
Fitch Affirms San Benito, Texas' GOs & COs at 'A-'; Outlook Stable (Business Wire via Yahoo! Finance)
NEW YORK----As part of routine surveillance, Fitch Ratings has affirmed the 'A-' rating on $580,000 in outstanding general obligation bonds and $30.26 million in outstanding combination tax and revenue certificates of obligation issued by the city of San Benito, Texas .
Fitch Affirms Harris County Hospital District's (Texas) Bonds at 'A'; Outlook Stable (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings affirms the 'A' rating on Harris County Hospital District , Texas' $298.3 million of outstanding series 2007A and 2007B bonds. The bonds are insured by MBIA, which Fitch does not rate.
Texas County rancher to run for 8th District (The Daily Dunklin Democrat)
A Texas County rancher, who feels the Eighth Congressional District is "ready for new leadership," recently announced his intention to challenge incumbent Jo Ann Emerson in the August 2010 primary...
Texas governor likely to face school finance problems (The Conroe Courier)
AUSTIN – With budget problems mounting for many Texas school districts, the next governor is likely to inherit a funding system that experts say has become a legal and financial quagmire.
YOUR SAY: Ga. has too many governments (Macon Telegraph)
With our state government in a budget crisis, the pressure is now on local and county governments to raise taxes. Hancock County has raised assessments and the millage rate. Twiggs County has pretty much done the same. Local property owners are outraged over the unwarranted tax increases, and rightfully so.
REIT News
Duke Realty Corporation Announces Renewal of Unsecured Revolving Credit Facility (Marketwire)
Franklin Street Properties Corp. Achieves the First Existing Buildings: Operations & Maintenance Leed(R) Certification in the State of Indiana (Marketwire)
Getty Realty Corp. Announces Regular Quarterly Common Stock Dividend (Business Wire)
JERICHO, N.Y.----Leo Liebowitz, Chairman and Chief Executive Officer of Getty Realty Corp. , reported that, at the Board of Directors meeting held earlier today, the Directors declared a quarterly Common Stock dividend in the amount of $0.475 per share payable in cash on January 14, 2010 to holders of record on January 4, 2010.
Timber! The Best Way to Play a Change in Housing Sentiment (at Seeking Alpha)
[$$] Will Rayonier Investment Finally Pay Off? (at RealMoney by TheStreet.com)
News for CPAs
IASB completes first phase of financial instruments accounting reform
The International Accounting Standards Board (IASB) issued today a new International Financial Reporting Standard (IFRS) on the classification and measurement of financial assets.
Live web presentation on IFRS 9 Financial Instruments - 12 November
On Thursday 12 November, staff of the IASB will present a webcast on the forthcoming IFRS 9 Financial Instruments.
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.
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)
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