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Tax-saving trick: Cost segregation studies allow owners to pocket more cash
Whether they choose to buy and hold properties or do renovations or new construction, multifamily owners and developers who retain ownership can benefit from a little-known secret and immediate tax savings, sometimes amounting to millions of dollars, by c
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Apartments, condos transform historic buildings in St. Louis A new baseball park ignites a spark in this city’s central core, encouraging mixed-use projects andluxury conversions.
St. Louis – On a sunny spring day here recently, more than 50,000 people packed the brand-new $365 million Busch Stadium, kicking off the baseball season and ushering in a new era for the city’s long-neglected downtown.
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Policy proposal strives for improved program efficiency
San Francisco – Increased flexibility in how state housing agencies use tax credits and bonds, fair treatment of tax credit projects under state property tax systems and encouraging mixed-income housing are the three main themes of a policy proposal being
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FANNIE MAE UPDATE
Small loans were a popular product type for Fannie Mae borrowers in 2005, and the government-sponsored enterprise (GSE) predicted it would continue to be a growth area in 2006.
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Parting Shots
San Francisco – A $400 million mixed-use redevelopment plan that included building a new cruise ship terminal south of the Bay Bridge, which connects San Francisco to Oakland, had been stalled for years until one of the phases, a 22-story condominium, ope
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Regional Markets: Northeast &Mid-Atlantic
Bendix Anderson
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Strategic decisions Southern California developer Windstar Communities is building its business by participating in Orange County’s smart-growth ambitions.
Anaheim, Calif., is building a new central business district in what has traditionally been a sprawling suburban community.
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Apartments, condos join downtown L.A. revival Huge entertainment and mixed-use projects as well as new housing opportunities are changing the way people see the central business district.
Los Angeles – This sprawling city is beginning to find its heart.
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Developers grapple with mixed-use projects
Many cities are hungry for mixed-use affordable housing developments. City planners believe housing complemented by retail is key to community revitalization.
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Life companies target niches avoided by conduits, GSEs
Even amid the most active income-property lending environment ever, life insurance companies – historically conservative investors – face frantic competition in the multifamily field, led by Wall Street conduit lenders and big government-spons