Maya Downtown Pomona Theater Moves Forward

Great investment opportunity literally across from the new Maya Theaters in Pomona.

New movie theater for Downtown Pomona moves forward

It’s a question Mayor Tim Sandoval gets asked a lot: How’s the movie theater coming along? For 17 months, there wasn’t much he could say about the plan to bring a multiscreen movie house to Pomona’s downtown. The deal, after all, was held up in negotiations.

 

Why Multifamily Housing Will Dominate the Future of Real Estate

The Real Estate Market in Flux | Capital One

See our summary of long-term trends that will transform-and, in some cases, disrupt-real estate markets.

 

Will Interest Rate Hikes Start To Affect MF Acquisitions

Interest Rate Increases May Affect MF Acquisitions | GlobeSt

Don’t miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now! Free unlimited access to GlobeSt.com’s trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.

CMBS Delinquency Rate Continued Its Impressive Fall In July…

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The Five Largest CMBS Loans to Turn Newly Delinquent in July 2018

Thanks to the continued resolution of distressed legacy debt and the brisk pace of new loan securitizations, the overall Trepp CMBS Delinquency Rate continued its impressive fall in July. The overall delinquency rate for US commercial real estate loans in CMBS is now 3.81%, a decrease of 14 basis points from the June level.

Multi-Family Rents Reach New Heights In July

U.S. multifamily rents reach new heights in July

The average U.S. multifamily rent reached an all-time high of $1,409 in July. Rents increased 2.8% year-over-year with the $3 increase from June and have risen 3% year-to-date, according to a survey of 127 markets by Yardi® Matrix. The July performance arose from strong second-quarter economic growth and healthy demand.

What’s Driving Elon Musk?

What’s driving Elon Musk?

Elon Musk is a science-fiction character. That’s how one friend puts it. In some ways, the CEO of SpaceX and Tesla is the archetypical cartoon billionaire – Tony Stark meets The Simpsons’ Hank Scorpio – with the rockets, the rollercoaster personal life and the fast cars – one of which is currently speeding away from us at 13,000kph.

 

Tougher Criteria For Some Foreign Real Estate Investors

U.S. Toughens Criteria for Some Foreign Investment in Real Estate

A deal by China’s Anbang Insurance Group to purchase the landmark Hotel del Coronado in San Diego near a major naval base was called off in 2016 following opposition from the U.S. Committee on Foreign Investment in the United States.

 

“The buyer is willing to pay above market price”….WHY???

Over the past few months,  I’ve seen emails from investor representatives urgently seeking a replacement property to complete their client’s 1031 Exchange…. 

“We are currently seeking well located Southern California Apartments for a trusted 1031 Exchange client.  The buyer is willing to pay an above market price and will have approximately $2M+ for a Down Payment + additional funds….”

My question is…WHY? Why would anyone overpay and be pressured to settle for a replacement property when they don’t have to?

If you qualify for a 1031 Exchange, chances are…You’re a great candidate for a much better alternative.

I’m speaking of the IRS program that allows you to sell today, receive a lump sum, and defer the capital gains taxes for 30 years. This approach is more flexible and much better than a 1031 exchange. It allows you to use your proceeds how, when, and where you’d like to reinvest – even non-real estate investments. You’re back in control.

The market is at an all-time high and most analysts predict a correction coming soon. Why not be ready with cash in hand to buy when prices come down? Or, work with the numerous owners who would sell now at a discount if a buyer comes with cash? If the sale of your capital asset will expose $1MM+ in capital gains taxes, we should talk.

Please feel free to call our offices directly at 800-420-3182 or email Pete@MPiCRE.com