#Boston Luxury Car Rentals LLC

[luxurycarpremier]

Boston Luxury Car Rentals LLC: Your Gateway to Unforgettable Road Trips

Welcome to Boston Luxury Car Rentals LLC, where your journey begins and unforgettable road trips await! We pride ourselves on providing the ultimate luxury car rental experience, allowing you to explore the wonders of New England in style and comfort.

Picture yourself behind the wheel of a sleek, top-of-the-line vehicle, cruising along the scenic coastal roads of Massachusetts, feeling the ocean breeze against your face.

With our wide selection of meticulously maintained luxury cars, you can choose the perfect vehicle to match your style and enhance your road trip adventure.

Our fleet features the most prestigious brands in the automotive world, including exquisite models from Bentley, Rolls-Royce, Lamborghini, Ferrari, and many more.

Each car is meticulously cared for, ensuring that you receive the highest level of performance and elegance as you embark on your journey.

Whether you're planning a weekend escape to Cape Cod, a scenic drive along the historic Freedom Trail, or a thrilling journey to the White Mountains of New Hampshire,

Boston Luxury Car Rentals LLC is your gateway to the road trip of a lifetime. Immerse yourself in the rich history and vibrant culture of New England, all while relishing in the opulence and sophistication of your luxury vehicle.

Our team of knowledgeable and passionate experts is dedicated to making your experience truly exceptional.

From the moment you step foot in our showroom, we'll assist you in selecting the perfect car that matches your preferences and requirements.

We'll provide personalized recommendations, ensuring that every detail of your road trip is tailored to exceed your expectations.

At Boston Luxury Car Rentals LLC, we understand that a road trip is not just about reaching your destination—it's about savoring every moment of the journey.

That's why we go the extra mile to ensure your comfort and convenience.

Our vehicles are equipped with cutting-edge technology and luxurious amenities, allowing you to indulge in a seamless driving experience.

From premium sound systems to advanced navigation, your road trip will be enhanced with every modern convenience.

To elevate your adventure even further, we offer a range of exclusive services.

Need a chauffeur to whisk you away on a guided tour of Boston's iconic landmarks? We've got you covered. Seeking recommendations for the finest dining establishments and luxury accommodations? Our team will provide you with insider tips and personalized itineraries to make your trip truly unforgettable.

At Boston Luxury Car Rentals LLC, we believe that luxury is not just a destination—it's a way of life. Let us be your trusted companion on the road, as you embark on a journey filled with exhilarating moments, breathtaking scenery, and memories that will last a lifetime.

Unleash your wanderlust, indulge in opulence, and let Boston Luxury Car Rentals LLC open the doors to your extraordinary road trip adventure. Contact us today and let the journey begin.

[bostontaxicabs]

Comfortable and Secure Taxi Cab Service Boston to Middleton MA with Booster Car Seat

Call- us: - (617) 987-4003 or Instant booking by:

www.Bostontaxicab.com

Boston Taxi Service gives Logan Airport Minivan Service, Airport Luxury Car Service, and Minivan Taxi Service to Middleton MA with Child Car Seat. Logan Airport Taxi Service is giving Boston Airport to from Boxford MA taxi service at affordable prices. Our drivers are trustworthy, punctual, and knowledgeable. Our drivers are trustworthy, punctual, and knowledgeable. Our transportation agency also provides taxi services for various activities, such as corporate meetings, educational tours and roadshows. Furthermore, our taxi cab company has different vehicles, including Minivans,SUVs, Luxury Sedans, and Black Cars. We are concerned about our customers' welfare, which is why we thoroughly cleaned the cars.

Minivan Taxi Cab Service from Boston Airport to Middleton MA

If you need Boston Airport to from Boxford MA taxi service, call our customer service number to make a reservation. The distance from Boston is just 20 miles, and it takes only 28 minutes to get there. Logan Minivan Service also provides taxi rental service to all the nearby areas such as taxi service near to me from Boston to Boxford, Topsfield, Danvers, Beverly, Peabody, Ballardvale, Andover, Wenham, North Reading, Lynnfield, Wakefield, Salem MA, Stoneham, Melrose, Saugus, and Stoneham.

https://bostontaxicab.com/minivan-taxi-cab-boston-to-from-middleton-ma/

Comfortable Boston Taxi Service to or from different universities: -

Learners and teachers will take advantage of our transportation company's low-cost taxi service. We provide minivan taxi service to North Shore Community College, Merrimack College, Salem State University, Endicott College, Cambridge College, Gordon College, and Cambridge College Lawrence.

Famous tourist’s attraction places in Middletown MA: -There are several locations where you can spend quality time during your vacation. Our taxi cab service offers luxury taxi and minivan services for low-cost trips. We offer Boston Taxi Cab MA to CoCo Key Water Park Boston North Shore, Harold Parker State Forest, Mass Audubon’s Ipswich River Wildlife, Trail Connections-LLC, Alfalfa Farm Winery, Independence Greenway, Emerson Brook Reservoir, Israel Putnam House, and Stearns Pond.

Luxury Logan Airport Taxi Service to or from various airports: -Our driver meets you at the airport and promptly transports you to your destination. We can also transport your luggage to your desired spot. We give minivan taxi cab to Bradley International Airport,   Boston LoganInternational Airport, Worcester Regional Airport, Portsmouth International Airport, Lawrence Municipal Airport, Beverly Regional Airport,Providence T.F Green Airport, Manchester-Boston Regional Airport, and General Edward Lawrence Logan International Airport.

Our transportation business is the best in the state of Massachusetts. Hire vehicles from the website, email address, and phone number when you need taxi cab service in the Boston area. We provide taxi rental service in any kind of atmospheric condition. Whenever you have any question, contact freely to our executive anytime. Thank you for recognizing the value of our services in New England.

[mikemortgage]

Canadian investors are snapping up trophy properties in unlikely U.S. cities

U.S. properties in places like Denver, Phoenix, Philadelphia and the suburbs of Atlanta have all drawn foreign investment this year as buyers look for growth outside the biggest U.S. metro areas.

Canadian investors topped the list of foreign buyers of U.S. real estate this year, as they have for a decade. Among those was Toronto-based Starlight Investments, which purchased apartment complexes in the suburbs of Atlanta and Phoenix through its U.S. fund.

“There were really only a handful of people when we first started looking at the suburbs, and that handful is now a larger number of people that are looking at those deals,” said Raj Mehta, global head of private capital and partnerships at Starlight. “We were increasingly seeing that jobs were moving from traditional Northeast and Northwest corridors into the sunbelt states.”

Toronto rent boom drives record-breaking sales in apartment buildings

Investors lift Canadian commercial real estate to new heights

What retail apocalypse? Brookfield bets malls have a future with $15-billion GGP takeover

In the major markets of New York, San Francisco, Washington, Los Angeles, Chicago and Boston, commercial rents are already reaching record heights, and there’s less room to grow, so some foreign real estate investors are putting money into the next-best markets where they see yields rising.

Canada, China and Germany were the top foreign investors in U.S. commercial real estate this year and are making more deals outside the biggest metro areas, according to data from CBRE. The most popular second-tier markets for foreign capital this year include Dallas, California’s Inland Empire and Philadelphia.

“Yield is king and yield is now being found in less-usual suspects,” Spencer Levy, Americas head of research at CBRE, said in a phone interview. “Some of the usual suspect central business district markets are later in the cycle, and so some of the capital is now flowing to other smaller markets to get this yield.”

The biggest growth was in Philadelphia, jumping 516 per cent in the first three quarters from the same period a year ago, CBRE said. Also posting big year-on-year gains were the Inland Empire, Phoenix, New York City’s boroughs, San Diego, California, Raleigh/Durham in North Carolina, and Columbus, Ohio. They were helped by stronger economic growth and local universities to supply the talent needed by investors.

Starlight bought a majority stake in a 250-unit, 35.5-acre (13.6 hectare) apartment complex in the suburbs of Atlanta for US$33 million this year. The property, just minutes from an interstate highway that runs from Alabama to Virginia, includes access to a car wash, swimming pool and a dog park. The company also acquired a 335-unit luxury apartment complex in a wealthy suburb of Phoenix. The newly completed property is fitted with a two-level fitness center, poolside cabanas and a coffee bar.

“We still believe in the fundamentals of U.S. multifamily on a risk-adjusted basis: The returns are healthy and we’ve increased our number of investment vehicles,” Starlight’s Mehta said.

GWL Realty Advisors Inc., the real estate unit of Canadian insurer Great-West Lifeco Inc., made its first foray into the U.S. with its acquisition of Denver-based EverWest Real Estate Partners LLC and a deal to buy Guggenheim Real Estate LLC. It’s already made more than US$400 million in acquisitions across markets including New York, San Francisco, Salt Lake City and Orange County, California.

Denver ranked eighth among U.S. real estate markets to watch in a survey conducted by PwC and the Urban Land Institute, thanks to population growth that’s projected to be well above the nationwide average and a large share of residents between ages 25 and 44. Population growth in Salt Lake City is also projected to be well above the national rate, the study found.

Canada’s Brookfield Asset Management Inc.’s takeover of GGP Inc. made it one of the biggest mall owners across the country, in large and small markets. A consortium of Chinese companies including the Bank of China Group Investment Ltd. and Hopu Investment Management Co. partnered to acquire Global Logistic Properties Ltd., landing a presence in markets such as Phoenix, Indianapolis and Atlanta.

The bulk of foreign property investment this year still went to the major markets. The metropolitan areas of New York and Los Angeles were the top destinations for foreign capital, reaching US$15.1 billion and US$7.7 billion so far this year. But the companies are expanding their footprint in the U.S. to capture yield in other cities as the major markets mature.

“In major markets like New York, Boston, San Francisco, rents have reached record heights, but we’ve also seen a slowdown in terms of the increase in rental growth,” Levy said. “So that would suggest to you for a moment that not only are they getting a little bit long in the tooth but maybe they’re getting a bit expensive.”

Bloomberg.com

from Financial Post https://ift.tt/2Bge6qW via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT

[bostontaxicabs]

Airport Luxury Taxi Service Boston to or from Franklin MA with Booster and Infant Seat

Contact- at: - (617) 987-4003 or Booking:

www.Bostontaxicab.com

Boston Taxi Cab Service is providing Minivan Taxi Cab, Logan Minivan Taxi Service and Airport Luxury Car Service to Franklin MA with Regular and Infant Car Seat. We give Boston Airport to or from Franklin MA taxi service at cheap prices. Boston Taxi Service always available for occasions such like ceremonies, birthdays, school tours and birthday parties. Additionally, our taxi service will help you for loading your luggage in vehicle. Logan Taxi Cab Service has tablet installed in taxis for GPS navigation. Minivan Taxi Service has variety of motor cars like SUVs, Minivans, Black Cars and Luxury Sedans. Drivers are highly qualified, experienced and honest therefore your journey will be stress free. Our transportation company serves customers 24/7 hours. Car sanitation, timely maintenance, insurance and carrying first aid kit are our priorities.

https://bostontaxicab.com/minivan-taxi-cab-boston-to-from-franklin-ma/

Logan Minivan Service from Boston Airport to Franklin MA

If you need a Boston Airport to or from Franklin MA, please dial our help desk number without any delay. This county is just having difference of 44 miles that take only 44 minutes to get there. We provide taxi rental service to all nearby areas such as, taxi service near to me from Boston to Medway,Milford,Bellingham,Hopedale,Mendon,Millis, Uxbridge, Upton, Braggville, Wrentham,Walpole, Holliston, Taunton,Woonsocket, Worcester, Waltham, Marlborough, Shrewsbury, Foxborough, Attleboro, Milford, Norfolk, Mansfield, North Smithfield and Cumberland.

Logan Taxi Cab Service with infant seat to or from many airports:-

Minivan Taxi Cab Service supplies pick and drop service to clients for comfortable trip. Prior to appointment time drivers will reach to your location. Our firm gives Boston Taxi Cab Service MA and minivan taxi cab  to Worcester Regional Airport, Theodore Francis Green Memorial State Airport, Boston Logan International Airport, New Bedford Regional Airport, Bradley International Airport,Portland International Airport, LaGuardia Airport, Barnstable Municipal Airport, Martha’s Vineyard Airport, Portsmouth International Airport at Pease, Hopedale Industrial Park Airport, Mansfield Municipal Airport, Norwood Memorial Airport, Marlboro Airport, Waltham Airport, North Central State Airport and  Cambridge Airport.

Luxury car service to various universities and institutes:-

Logan Taxi Service offers vehicle at low cost to regular teachers,professors and students. We give minivan taxi service to Dean College, Mt St Mary’s Trappistine Abbey, Brant University, FINE Mortuary College LLC, Framingham State University, Whetan College, Babson College, Wellesley College, Stonehill College, Providence College, Brown University, Rhode Island College, Olin College of Engineering, Boston Baptist College, Curry College, Lasell College and Regis College.

Tour to some splendid sights in this town:-  

This place has Libraries, parks,rivers and many more things to enjoy, where you can play games, fly in sky with helicopter tour, racing and also can purchase beautiful gifts for your near and dear ones. We offer minivan taxi cab and Airport luxury Car Service toUrban Airadventure Park, Supercharged Entertainment, Jane & Paul’s Farm, Rusty Wallace racing Experience, Wrentham Village Premium Outlets, Uper CharlesRiver Trail, Blue Hill Helicopters, Franklin Public Library, Franklin Historical Museum, Fairmont Fruit Park and Terraza.

 To make a taxi reservation, please fill out the form below. Please contact us at the above-mentioned phone number, website, or email address. We are delighted to assist you in planning a secure, safe, and comfortable journey.

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT

[juditmiltz]

National Cheat Sheet: How the GOP’s tax plan could benefit developers, home prices rise as sales slow down & more

Clockwise from left: Secretary of the Treasury Steve Mnuchin, One Manhattan West and Civic Towers in Miami

From TRD New York: Condo developers could benefit bigly from GOP tax reform

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan’s luxury condo developers. It calls for lowering the maximum rate paid by businesses, including many LLCs, which are taxed under the personal income rate, to 25 percent from 39.6 percent, among other alterations. While Manhattan condo developers pay the top 39.6-percent rate on apartment-sale profits, rental developers usually pay the 20-percent capital gains rate (which would not be reduced in the new tax plan). Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development. [TRD]

New law bans salary questions, likely putting broker poaching on ice

Better think twice before trying to lure a top broker to change firms. Starting Oct. 31, employers in New York and a few other states will be barred from asking about a job candidate’s current pay, dealing a blow to poaching efforts. The goal is to protect women and minorities from wage discrimination, which often involves setting new salaries based on prior ones, rather than what a candidate may be worth. But this provision is seen by some experts as hurting the efforts of commercial real estate firms to approach brokers with offers to raise their salaries. Candidates can still say how much they make, but they can not be asked during negotiations. [TRD]

Home prices rise in U.S. even as sales slow down

Residential prices nationwide were up in July despite a drop in sales over the summer. According to the Standard & Poor’s CoreLogic Case-Shiller national home price index, there was an increase of 5.9 percent in July from the prior year, reported USA Today, just ahead of the 5.8 increase in June. Fewer homes on the market and growing demand prompted bidding wars, which drove up prices. Seattle, Portland, Oregon and Las Vegas saw the largest increases in July with Seattle rising 13.5 percent year over year. Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing. [TRD]

MAJOR MARKET HIGHLIGHTS

Luxury condo conversion of drug rehab center in NYC’s Upper West Side priced for $61 million sellout

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $61 million, according to an offering plan filed with the New York state Attorney General’s office last week. Greystone Development is spearheading the 33,000-square-foot project at 164 West 74th Street, formerly Phoenix House, where apartments will average about $4.3 million each. Greystone and partner Prime Rok Real Estate bought the seven-story Beaux Arts property in 2016 for $27 million. [TRD]

Owner of hurricane-damaged apartment complex in trouble with city of Miami

The landlord of a federally subsidized apartment complex where 80 tenants were forced to evacuate just before Hurricane Irma struck is in legal trouble with the city of Miami. A Sept. 15 inspection found Civic Towers unsafe for habitation due to mold and water intrusion from the hurricane, and the city is accusing owner Redwood Housing Partners of Burlingame, California of preventing residents from accessing their belongings, according to a Sept. 20 emergency motion in Miami-Dade Circuit Court. Tenants camped out in cars and in the street surrounding the two towers for nine days before being relocated to hotel rooms. [TRD]

Beverly Hills lot can be yours for $250M — but bring your developer

What can $250 million buy in Beverly Hills? About 97 acres of undeveloped land in the famed 90210 zip code, according to Curbed. The property is made up of 12 adjoining parcels and listing information for 9560 Cedarbrook Drive suggests buyers could build a 75,000-square-foot mansion or a gated community. The asking amount would beat the $200 million price tag on the famed Spelling mansion in Holmby Hills. Branden Williams, Jesse Lally and Michelle Saniei  of Hilton & Hyland have the listing. [Curbed]

How to lure shoppers to a mall, Los Angeles style

This may be the ultimate place to shop ’til you drop. At the newly renovated Westfield Century City mall in Los Angeles, which is opening next week, shoppers can visit a cryotherapy clinic, enjoy VIP treatment and pay for parking with their phones. The lavish features are part of a two-year redevelopment to encourage people to shop at the mall instead of online. Look for an outpost of Mario Batali’s Eataly, Amazon Books, San Diego’s Crack Shack and Equinox, Next Health cryotherapy clinic and Gloveworx boxing studio. But the most L.A.-like enticements are likely the luxury VIP lounges, which offer private fittings, gourmet food deliveries and access to secret elevators that lead to every shop and restaurant in the mall. [TRD]

Chicago alone among global cities sees its housing undervalued

Chicago housing values are undervalued, making it the only one out of 20 global cities with that distinction, according to a study reported by Crain’s. Home values in the area are still 30 percent below their 2006 peak, according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management’s chief investment office, which blamed sluggish employment and lackluster economic and income growth. UBS expected price growth to continue to lag in future quarters. In comparison, three-quarters of cities in the UBS study are overvalued, with San Francisco the most overvalued city in the U.S. Housing in Boston and New York is deemed at fair value, the report said. [Crain’s]

  from The Real Deal Miami https://therealdeal.com/2017/09/29/national-cheat-sheet-how-the-gops-tax-plan-could-benefit-condo-developers-home-prices-rise-as-sales-slow-down-more/#new_tab via IFTTT