Midtown Drives Market According to Cassidy Turleys June Manhattan Market Report

New York, NY (PRWEB) June 13, 2013

Cassidy Turley, a leading commercial real estate services provider in the U.S., released their June Manhattan Market Report, which indicates Midtown is experiencing a strong recovery and Midtown South tightens even further. The picture is not nearly as bright for Downtown as more space is added. Encouraging employment figures and job creation continue to push the market upward. Manhattans net positive absorption was 860,316 square feet in May.

Demand for space in Midtown has picked up with positive absorption up over half a million square feet year-to-date. In May, 621,993 square feet of positive absorption was reported, dropping the availability rate down to 11.6 percent. The Fifth/Madison submarket improved considerably over the last two months as leasing activity picked up. In addition, the demand for high-end space with a growing number of tenants willing to pay more than $ 100 per square foot (24 such leases were signed so far this year compared to 34 throughout 2012) produced a drop in availability to 13.0 percent since the peak in February 2013 of 15.1 percent.

More good news for Midtown South as the submarket continues to lead the way in recovery with availability dropping to 8.4 percent. Class A asking rents were up $ 0.07 per square foot to $ 69.34 and Class B up $ 0.76 to $ 57.98 per square foot.

News of a large block of office space coming onto the market pushed Downtowns availability rate up to 14.3 percent in May. Class A asking rents dipped $ 0.81 per square foot to $ 52.61 and Class B inched up $ 0.13 to $ 36.21 per square foot.

By interpreting the increases or decreases in the market and applying that information to our clients business goals, we are able to consistently provide best-in-class service, comments Peter Hennessy, President, New York Tri-State Region Cassidy Turley.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. The company represents a wide range of clientsfrom small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $ 22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate servicesincluding capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit http://www.cassidyturley.com for more information about Cassidy Turley.


Strong Economic Growth in Vancouver Creates a Stable Real Estate Market in a Desireable City, According to Local Realtor Michelle? Vaughan

Vancouver, BC, Canada (PRWEB) March 14, 2013

In recent years Vancouver, British Columbia has become has become an increasingly popular mecca for foreign investors to purchase Real Estate. With a stable economy, vast natural resources, well-educated population, and a very liberal foreign investment and immigration policy, Vancouver has become well known internationally as offering financial growth and stability in a world of economic uncertainty. “It is easy to see why so many locals and foreigners are eager to invest in Real Estate here when these factors are taken into account,” says Realtor? Michelle Vaughan.

In the most recent Global Liveability Report (2012), The Economist Intelligence Unit ranked Vancouver as third in the world, which was unchanged from the previous year. In fact, it was the first city to rank in the top 5 of this report for over ten years in a row. The Mercer Quality of Living Survey ranks Vancouver in 5th place globally.

Combine this strong economic growth, and high rankings from internationally respected reports, with the staggeringly beautiful natural surroundings and mild climate of Vancouver it is obvious why its Real Estate sales are gaining popularity so quickly. Vancouvers North Shore, as it is called by locals, comprised of North and West Vancouver, has seen enormous growth in the Real Estate market in recent years as overflow from the Vancouver market reaches into the smaller municipalities.

The appeal of both of these municipalities is the diverse lifestyle choices offered, along with world class educational programs, from the Elementary to the University level, and varied Real Estate choices that range from luxury high end homes to more modest properties. The Lions Gate Bridge connects North and West Vancouver to the much more cosmopolitan city of Vancouver.

According to Realtor? Michelle Vaughan, the North Shore was a well-kept secret by local residents and Californian celebrities until 2011, when the Vancouver Real Estate Market went through the roof, thanks to off shore investors. “It was only a matter of time,” says Realtor Michelle Vaughan, “before people realized that some of the top schools, according to the Fraserview Ratings, in BC are found in North and West Vancouver, and that the proximity to Vancouver, coupled with the natural amenities, would make this a popular relocation and investment area.”

Realtor? Michelle Vaughan tells us there are so many reasons to make North or West Vancouver home and enjoy all the benefits of great recreation facilities, arts, beaches, mountains, beautiful scenery, and top notch schools, while knowing that the big city with world renowned restaurants, shopping, nightlife, and a variety of other entertainment options is only minutes away. As an added bonus, if home is in North or West Vancouver it is only an hour and a halfs drive from Whistler Blackcomb Ski Resort, consistently rated in the top 5 winter destinations in the world.

According to The Real Estate Board of Greater Vancouver, The North Shore is more than just a spectacular backdrop for one of the world’s most scenic cities. Few places offer visitors the opportunity to spend the morning skiing and snowboarding, followed by an afternoon picnic on the beach watching the cruise ships sail by, and topped off with an exquisite dining experience.

Those who live there in these family friendly neighbourhoods, tucked in between the ocean and the mountains say it is a wonderful place to call home and the most beautiful place in the world. Realtor? Michelle Vaughan agrees. When you have all this, nothing else can come close; I have lived here on the North Shore my whole life and would never want to make my home anywhere else. When it comes to investing, it doesnt look like you will go wrong in Vancouver.” The Conference Board of Canada predicts over the next four years, Vancouvers economy will grow by 3.3 per cent annually, one of the fastest rates of growth in the country.

Few Hours Left for Charitable Tax Deductions According to Watson CPA Group

Colorado Springs, CO (PRWEB) December 31, 2012

Charitable contributions must be made to qualified charities and taxpayers must maintain proof in most cases. Typically any organization that has received a tax exempt status is a qualified charity, yet churches and other religious organizations might be exempt from this IRS requirement. Organizations and foundations which exist to promote education, science, literary works, prevention of animal cruelty, etc. are considered charities as well.

At times it is easier to consider who is not a qualified charity- social and sport clubs, labor unions, chambers of commerce, groups ran for personal profit, lobbyists, HOAs, individuals and political groups, among others. In addition, the value of a taxpayers time, services and blood, and the cost of raffle, bingo or lottery tickets are not considered deductible charitable donations. These are specifically prohibited in IRS publications.

Taxpayers cannot earmark the donation either. For example, a taxpayer’s son goes on a charitable trip with a local church. If the donated money is earmarked specifically for the sons expenses that contribution is not tax deductible. But if the taxpayer says that he or she prefers the donation to go to a certain person and understands the charity has full authority to use the money as they wish, the contribution can be deducted.

To value a donation, the IRS offers some general information about household items and clothing, and provides more specific information on cars, boats, airplanes, jewelry, art, real estate and patents. Both Goodwill Industries and the Salvation Army have online resources to help taxpayers determine the value of their donation.

eBay and craigslist can also be a good resource to show the fair market value of items that perhaps arent easily valued. For example, a taxpayer donates a washing machine he or she can prove the fair market value by finding one or two listings of the same item on eBay or craigslist. Another suggestion is to take pictures as proof or evidence of the quantity and condition especially if the donation is more expensive such as appliances, books and furniture.

Cash contributions include those paid by cash, check, electronic funds transfer, credit card, payroll deduction and text messages. A cash contribution cannot be deducted, regardless of the amount, unless the taxpayer has a financial record showing the name of the organization, date and amount, or obtains a written statement from the organization.

The financial record can include a canceled check, bank statement and credit card statement showing the organization, date and amount. For payroll deductions, a paystub or a W-2 showing the amount is sufficient. And for cell phone or text donations, the IRS is allowing copies of phone statements if it shows the organization, date and amount. The days of donating $ 20 a week to church, and then deducting $ 1,040 are long gone. Since 2007, taxpayers must have a receipt for every dollar donated.

The Watson CPA Group is a progressive tax consultation and preparation firm embracing internet technology to provide worldwide tax service from offices in Colorado USA. A secure online Client Portal allows remote taxpayers to exchange financial information, tax documents and tax returns saving valuable time and resources.

Since 1997, they are a team of Colorado Springs CPAs preparing individual and corporate tax returns for a flat fee, and specializing in LLCs, small business and corporate taxes, pilot and flight attendant tax deductions, per diem deductions, rental property owners and expat tax clients.

For more information visit http://www.watsoncpagroup.com

More Colorado Springs Real Estate Market Press Releases

Las Vegas Homes for Sale Ranked #1 Investment Opportunity in America According to LasVegasRealEstate.org

(PRWEB) August 31, 2012

Las Vegas real estate market trends for the last 90-days confirms previous rankings from CNNMoney, Inman News and MarketWatch for top 10 places to invest in real estate. August 2011 presented the largest volume of sales in 5-years with almost over 48,000 Las vegas homes and condos being purchased. While almost 50% of homes for sale in Las Vegas are being purchase all cash, the Las Vegas High Rise market is seeing 90% cash buyers. Trulia price-to-rent ratio research confirmed by LasVegasRealEstate.org places Las Vegas homes for sale as #1 in America.

Ashley McCormick of Realty One, Nevada’s #1 Las Vegas real estate company, says buyers and investors are doing their research and finding Vegas to be a global brand that is undervalued. McCarren airport is on track to have a record breaking year of over 40-million passengers with a notable increase over last years foreign traffic. Terminal 3 opened in June 2012 and is making Las Vegas more accessible to international travelers as it has become one of the most affordable hubs in the USA. Not only are more people using Las Vegas as a hub or quick get-a-way, they are buying and investing in second homes, lock-and-leave properties and cash-flow income rentals.

Las Vegas consistently makes the Top 10 lists such as TripAdvisor.com “Food & Wine Destinations” and CNBC “Most Diverse Cities”. Vegas is also becoming a popular choice for internet companies such as Zappos.com and was sited in the Top 10 cities for 4G wireless. USNews recently listed Las Vegas in the Top 10 “Sunniest Places to Retire” in which McCormick points out that there are four active-adult Sun City Las Vegas communities with homes starting as low as $ 100K. According to the annual tourism report the average Las Vegas tourist spent more and stayed longer in 2010 and 2011, a positive sign for the city’s tourism industry. With the average cost of a vacation package in 2010 at $ 651 and holding thru 2011, Vegas may be the best deal for travel and entertainment.

McCormick says that Las Vegas owes an unrecognized amount of its success to the service industry. Earlier this year at “Preview Las Vegas 2012” it was predicted that Las Vegas would have a record year for tourism of 40-million visitors and positive growth. While the low airfare and affordable luxury resorts get them to Las vegas, it’s the service industry including bellhops, valets, waitresses, bartenders and concierges that make there stay unparalleled in experience. For those investing in Las Vegas homes for sale and condos for rentals, it’s this same industry that make up a large part of the rental population filling their rental properties.

The data from the Local Market Monitor, a research firm in North Carolina, showed future return estimates in comparison to the national average projection. It revealed that real estate investors in Las Vegas will earn a 4.7% higher return on investment for properties that they rent out than the national average. Investors that are entering this real estate market may have the potential for higher profits. Some of the newer subdivisions like Lake Las Vegas have condos on the market for under $ 50,000.

In May 2011, The National Association of Realtors reported that investment home purchases had increase to nineteen percent. This was a two percent increase from 2010. A survey done by the Local Market Monitor confirmed that the profits earned by investors in Las Vegas were higher than anywhere else in the nation. The survey included 316 real estate market estimates and their return on investments. Las Vegas was among the top 10 which includes popular subdivisions such as Summerlin homes for sale.

With online property search, pictures and virtual home tours, more local buyers familiar with the area along with repeat foreign investors are shopping online. LasVegasRealEstate.org allows potential investors or home buyers to set parameters and sends alerts once a new listing or Las Vegas foreclosures comes up in that area. When they find a property they wish to acquire they can contact McCormick by email or by phone to write the contract. McCormick says it is common practice today for the entire process from loan documents, appraisals, and home inspection reports to be sent by email.

McCormick recommends online buyers at least make one trip to Vegas before jumping on the internet buying band wagon. Some visitors that are looking for a second home and want to be away from the strip may find Lake Las Vegas real estate very appealing, which is easy to overlook online. In contrast a buyer interested in a Las Vegas high rise condos for sale normally choose a tower and know exactly want they want and what view. All current Las Vegas real estate MLS listings of over 4,000+ Las Vegas homes for sale can be viewed at http://www.LasVegasRealEstate.org

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No Revenue Growth Suggests Recession, According to Leading Financial Newsletter Profit Confidential

New York, NY (PRWEB) August 14, 2012

More than half of the S&P 500 companies have reported earnings for the second quarter of 2012, and according to Michael Lombardi, lead contributor to Profit Confidential, thus far, the ratio of negative-to-positive forecasts has produced the highest negative reading since 2001.

In the article Negative Revenue Growth for S&P 500 Companies Signals Recession, Lombardi notes that the earnings outlook has been so poor that analysts have had to take down S&P 500 revenue estimates for the coming third quarter.

For the second quarter, analysts were expecting revenue growth for the S&P 500 of eight percent year-over-year, says Lombardi, but, thus far, it has only produced growth of 1.2%,

Lombardi notes that this is the slowest year-over-year growth since the recession began over four years ago.

The negative earnings outlook by corporations in the S&P 500 has forced analysts to change their high single-digit revenue growth forecast for the third quarter to a negative 0.4%, says Lombardi. Thats negative revenue growth year-over-year.

This means that, for the last three quarters, revenue growth in the S&P 500 has declined steadily and dramatically.

Historically, Lombardi says, when revenue growth has been negative year-over-year for S&P 500 corporations, it is usually followed by a recession.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it begged its readers to get out of the housing market… before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporations free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardis current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.