CLEARWATER, Fla. — Starting in June, businesses that rent property in Florida will pay reduced rental taxes. What you need to know: Florida will cut its commercial lease sales tax from 4.5% to 2% by June 1st. Business experts say this will help the state remain competitive in attracting businesses. Taxes increased after the pandemic as the Commerce Department's trust fund dried up. The fund recently surpassed $4 billion, leading to the announced changes. The Florida Department of Commerce announced earlier this month that the state's commercial lease sales tax rate will be reduced from 4.5% to 2% by June…
Author: Private Lending Agent
KKR Real Estate Finance Trust (NYSE:KREF) Q1 2024 Earnings Call Record April 24, 2024KKR Real Estate Finance Trust Co. wasn't among the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).Operator: Good morning, and welcome to the KKR Real Estate Finance Trust Inc. first quarter 2024 earnings conference call. All participants are participating in listen-only mode. [Operator Instructions] This event is being recorded. I would now like to hand the reins over to Jack Switala. Please continue.Jack Switala: Thank you. Thank you, operator. Welcome to KKR Real Estate Finance Trust's first…
Staten Island bucks the typical notions of coastal living as being too expensive, remote, and touristy. The fifth New York borough is a hidden gem of a coastal town, where the cost of living is affordable, the locals are welcoming, and the culture is rich and varied. Here, you’re never cut off from the world—you only have to look at the iconic Manhattan skyline across the water to know it—as you take in the crisp sea breeze and feel the sand between your toes. Think powdery beaches, verdant parks, and quaint neighborhoods – with the occasional deer sighting – all…
After years of being under the shadow of its famous neighbors across New York Bay, Staten Island is coming into its own as a bustling destination for commercial real estate. While the real estate in this New York borough remains more affordable compared to those in Manhattan or Brooklyn, its waterfronts are being enhanced, mixed-used spaces are being built, and once-idle land is being converted into giant commercial hubs that are ripe for investment. This blog features Staten Island’s emerging commercial real estate market, focusing on tips for securing commercial properties in the area that offer the best value for…
Known for its breathtaking beauty and seclusion, the 217,000-acre Sawtooth Wilderness draws adventurers and nature lovers from far and wide. First designated as a “wild area” in 1937, it achieved official wilderness status in 1972 and is recognized as a rare “crown jewel” of Idaho. This rugged terrain is a testament to nature's artistry, featuring towering granite peaks, deep glacial valleys and more than 400 alpine lakes dotted among rugged mountains over 10,000 feet. The Sawtooth Wilderness contains lush valleys covered in deep forests and serves as an important headwaters for several major rivers, including the Boise, Payette, and Salmon.…
real estate You've heard the rags to riches stories, but flipping houses is a risky business full of potential obstacles. This sage advice will help you manage your home flipper's budget and expectations. Last updated: April 25, 2024 at 7:00 AM EDT We may earn revenue from products sold on this page and may participate in affiliate programs. Learn more › Does flipping a house sound like a nice change of pace? source: Reality TV shows paint a great picture of how those in the home flipping industry make their money. Countless shows depict people putting homes up for auction…
If you like Netflix house flipping shows, you'll love this article: Euro Weekly News spoke to some of the Costa Blanca's best real estate agents to get the inside scoop on house flipping along Spain's sunny coast. We'll go into detail on topics like the best areas and property types to resell and how much profit you can make from this type of real estate investment. Flipping houses is more than just a business for some people – it's a true passion transforming old and neglected properties into vibrant homes. For some real estate professionals, the joy is seeing a…
A recent report found that investment returns from reselling properties in need of repairs are the worst since the recession. St. Petersburg, Fla. — The Tampa Bay area seems to continue to grow, and it's showing in the housing market. Now, some groups are turning to flipping homes to make a profit and help homeowners close deals. The trend is evident when driving through city streets like West Shore Boulevard in South Tampa, where construction crews are either tearing down old homes to make way for new ones or completely renovating old homes. A recent report from real estate data…
KBS has sold SouthTech Business Center, a 260,112-square-foot light industrial property in Austin, Texas. A 1031 investor represented by MIG Real Estate purchased the four-building campus. JLL brokered the deal, and Greenberg Traurig served as legal counsel for the seller. California Bank & Trust, a unit of Zions Bancorporation, provided a $34.5 million loan to acquire the Class A property, according to Travis County records. KBS purchased South Tech Business Center in 2005 for $18.6 million, according to CommercialEdge data. The campus, which was completed in 2002, consists of four buildings spread across approximately 20 acres. Each building has a…
Private property managers have plenty of cash to put into attractively priced deals, but they've largely remained on the sidelines since the end of the last market cycle.A lack of willing sellers and mismatched price expectations caused global deal volume to fall to the lowest in a decade last year, according to MSCI data. Investor appetite in today's troubled market is characterized by expectations of major problems due to a sharp rise in interest rates heading into 2023 and their impact on real estate lending. Yet despite trillions of dollars of unpaid commercial real estate debt in the system, there…