Keller Williams Legacy Realty agents in Osceola County know a lot about entrepreneurship. Market center operations manager Ogura Gatama says many of her agents inherited it from their parents, who immigrated to the U.S. to work in Orlando's hospitality industry, overcoming language and cultural challenges along the way. Entrepreneurship, she says, has been a model for them for as long as they can remember. At the market center, which has more than 160 agents, nearly all of Ogura’s team members are first- or second-generation immigrants. They come from more than 30 countries, and Ogura estimates that 92% of his team…
Author: Private Lending Agent
Kouri Richins says she found her husband, Eric, unresponsive in his bed in the early morning hours of March 4, 2022. She said his death was an accident, but a year later she was arrested and charged with murder. The circumstances surrounding Eric Richins' death will be explored in “The People v. Kouri Richins,” a new 48 Hours episode reported by contributor Natalie Morales, airing Saturday, February 24, 2024 on CBS and streaming on Paramount+. Khoury's family says she's not only lost the father of her three young sons and her husband of nine years — she's also lost a…
Kouri Richins says she found her husband, Eric, unresponsive in his bed in the early morning hours of March 4, 2022. She said his death was an accident, but a year later she was arrested and charged with murder. The circumstances surrounding Eric Richins' death will be explored in “The People v. Kouri Richins,” a new 48 Hours episode reported by contributor Natalie Morales, airing Saturday, February 24, 2024 on CBS and streaming on Paramount+. Khoury's family says she's not only lost the father of her three young sons and her husband of nine years — she's also lost a…
As for nicknames, Columbia Business School professor Steen van Nieuwerburg has one heck of a name: The New York Times called him a “prophet of urban doom” last year for predictions drawn from years of research into the economic impact of remote work on real estate and finances. He told Fortune that we are now seeing the “event horizon” of a 1970s-style downward spiral known in economics as a “doom loop” — and it's only the first inning. We all know office buildings across the country have been hit by COVID-19 and the rise of remote work, and perhaps there's…
The tax rate on income from property sold within 365 days of purchase is 20%, dropping to zero between 366 and 730 days. There are exemptions from tax for reasons such as death, divorce, disability, job change, personal security and bankruptcy. The tax applies to sellers regardless of their place of residence and is separate from federal real estate resale rules. For the rest of British Columbia's budget, increased spending is expected to benefit families and small business owners, but the document projects a wider deficit of more than $7.9 billion and economic growth of less than 1 per cent.…
I first began covering commercial real estate when I moved to Dallas 24 years ago. Much has changed in the industry since then, but the things that set industry professionals in North Texas apart from their peers across the country have not. Dallas brokers operate at a much more sophisticated level. At the same time, most follow a philosophy of “cooperatition.” If I win, that doesn’t mean you have to lose. Real estate professionals here believe in win-win. Even more important, they believe in doing what they can outside of work to make the community even better. That is a…
Commercial property foreclosure filings in Texas more than doubled last year.There were 463 commercial residential foreclosure filings in Texas in the 12 months ending in January, according to the latest report from Atom Data Solutions.Texas ranked third in the nation for commercial property foreclosure filings last month with 56, and the number of properties warned of foreclosure by lenders in January increased 143% from a year ago.Nationwide, commercial property foreclosure filings increased by 97%.Read more D-FW real estate newsDallas landlord makes billionaire fortune with dental clinic and dog boardingFernando de Leon's 100-person Leon Capital Group manages a diverse portfolio of…
High interest rates and a sluggish commercial real estate market are weighing on the economy, and the pressure on local banks could become even greater when short-term federal lending programs expire on March 11. “A lot of what's happened up until now is people didn't want to acknowledge the severity of the problem, and now it's becoming pretty obvious,” said Desmond Luckman, an economist at the American Enterprise Institute. Community banks hold more than two-thirds of the roughly $2.8 trillion in outstanding commercial real estate loans in the U.S. And vacancy rates are expected to remain at record lows through…
The end-of-year reports came from executives at lenders that provide financing for some of the more troubled commercial real estate. The December quarter wasn't an easy one for mortgage real estate investment trusts such as Starwood Property Trust Inc. and Blackstone Mortgage Trust Inc. Earnings reports by about a dozen members of this small-cap group detailed loss reserves, rating downgrades and foreclosures on office buildings and apartments. But with very few exceptions, cash flow covered the dividend. Shares of industry leader Starwood rose 2.5 percent to $19.93 on Thursday after the company reported unexpectedly strong year-end results, reporting cash earnings…
By Dr. Jim Dahle, WCI Founder I spent some time a couple of years ago thinking about and discussing real estate lending funds and I thought it might be useful to revisit the topic today and share a few points. This is going to be mostly a generic discussion about the asset class itself, although we will dive into the specifics of one unnamed fund. Mostly, I just wanted to share a potpourri of random thoughts I’ve had. If you’d like to read a post about specific private real estate funds, check this one out. These Guys Don’t Like…