Arriving at a decision on the best strategy for how to successfully navigate the commercial real estate market during these challenging economic times is vexing to many an investor. Do I, or don’t I??? That is the conundrum facing most commercial real estate investors in today’s market. Do I, or don’t I liquidate my portfolio (or at least my non-performing assets)? Do I, or don’t I stand on the sidelines and wait-out these turbulent times? Do I, or don’t’ I get aggressive and take advantage of the decline in property values and the spike in acquisition cap rates? In the text that follows I’ll put forth counsel based not upon the emotions of the times, but rather the forthcoming advice is based upon my years of experience in successfully advising clients in both advancing and declining commercial real estate markets.
22
May
2009
Finding The Bottom Vs. Finding Value
Tags: Appraisal, blog, capitalization, CCIM, circumstances, Closing, Commercial, Commercial Real Estate, decline, Economics, Economy, financing, Industrial, intricacies, liquidity, Multifamily, News, Office, Oregon, Property, Retail, Sales, sior, Vacancy, Valuation, Values, Washington
06
Feb
2009
In Brief…Measures 47 & 50: Oregon’s Cut And Cap Tax Reform
Tags: added value, annual growth rate, Appraisal, assessment roll, Assessor, circumstances, Closing, Commercial, Commercial Real Estate, constitutional amendment, cooperative effort, department of revenue, exceptions, Industrial, legislation, legislative assembly, levies, Measure 47, Measure 50, new construction, News, Oregon, oregon voters, petitioner, PGP, PGP Valuation, Property, restricted growth, Subdivisions, tax reform act, Taxation, Valuation
Way back in November 1996, Oregon voters passed Measure 47. This was a constitutional amendment popularly referred to as the “cut and cap” tax reform act. The “cut” aspect of the legislation referred to a reduction in taxes for the 1997-98 tax year calculated as the lesser of the 1994-95 taxes or 90 percent of the 1995-96 taxes. Bonded debt would be exempt from the calculations. The “cap” aspect of the measure restricted growth in taxes to no greater than 3 percent annually after the 1997-98 tax year.