Tumgik
#estate planning attorney wellington
bmclaw-blog · 5 years
Text
Breaden McCardle Lawyers
Breaden McCardle Lawyers, also known as BMC Law, is a Kapiti Coast based Wellington law firm. Led by principals John McCardle and Nikki Coulston, it has built a reputation for providing quality service and delivering real results. Breaden McCardle legal professionals are passionate about what they do, and work alongside a talented team of support and administration staff.
As a firm of top commercial lawyers in Wellington, Breaden McCardle's major strength is their broad-ranging legal experience. This gives them the ability to match clients with the right mix of legal skills for their particular needs. BMC Law's legal services and expertise, combined with a personal approach, and community awareness, enables the team to make a positive difference to clients and the community as a whole.
BMC's commercial law services cover a range of disciplines; Property, Business, Employment and Family Law. BMC are also some of the best Estate Planning attorneys Wellington-wide. This means they have the skills and experience to help with everything from divorce settlements, to buying or selling a business, to administrating estates.
The entire team at Breaden McCardle is committed to providing their clients with the best possible outcome and their legal professionals are passionate about working in a clients best interests. BMC is helped in this by their talented team of support and administration staff.
For more information on estate planning attorney Wellington, property lawyers Wellington visit the website.
1 note · View note
askaceattorney · 3 years
Photo
Tumblr media
Dear Asexual-Deesasters,
Mod Edgeworth: 
Tumblr media
If you want to know the answer to that question, go to this link.
Tumblr media
Dear Skibot99,
Co-Mod: I’m fairly certain it was The Mod, but I don’t know for sure.  He actually had another one before it, made from an old Ace Attorney musical animation.  I haven’t been able to locate that video, unfortunately, but here’s the old banner:
Tumblr media
Ah...  Those were good days.  Good days.
Tumblr media
Dear Dawsongfg,
Co-Mod: It’s fine.  Besides, it won’t be too long before those letters are accepted, so maybe we’ll hold onto them until that time.
Tumblr media
Dear skibot99 again,
Mod Edgeworth: The Lost Turnabout hands down. All logic is thrown out the window the moment Phoenix had amnesia. It’s clear the Judge knew something was wrong with Phoenix, so why didn’t he call for a recess or check on Phoenix? Not to mention Wellington was annoying. He’s probably the only character I would be hesitant to play as when answering letters, if only because he was so unbearable.
Tumblr media
As for Turnabout Ablaze, I do agree that it is a drag to get through in the end, though the entire game of AAI was boring, aside from the game mechanics. As a case by itself, I wouldn’t put it as my least favorite, if only because I did get some funny parts out of it.  It also contributed to the overall story, whereas The Lost Turnabout could just be taken out and it wouldn’t effect the overarching plot.
Co-Mod: I’d probably have to go with Turnabout Big Top.  I honestly couldn’t figure out the part where you have to present Max’s poster without consulting a walkthrough.  Why couldn’t we just present Max himself?  Besides that, the ending was largely underwhelming -- the murder weapon was hidden under Acro’s blanket the entire time, but instead of seeing a screenshot of it there, we just have to imagine it.  Maybe it was a filler case, but that was no excuse for it to end so poorly.  Not to mention one of the witnesses was a literal puppet.
Tumblr media
It’s hard truth, Trilo.  Live with it.
Tumblr media Tumblr media
Dear skibot99 and Anonymous,
Mod Edgeworth: I… think I heard from her when the localization of DGS was announced? I know Mod Kristoph and Mod Maya introduced themselves when I came into the group. There’s a third person, but I only heard from her once. As for what’s going on with her… I don’t know.
As for the flooding the inbox, it’s fine. I won’t promise a letter or two won’t be deleted, but we may make an exception and I’d hardly consider 4-5 different letters flooding the inbox. However, I do highly suggest lowering your letter sending to no more than three a day to prevent deletion of your letters. The only time I’d say your letters are flooding the inbox is when you’re sending 10-20 of them, especially of the same letter, and we have to scroll down for a while to get to the next letter. We will only choose three out of that pile and delete the rest.
Tumblr media
And yes, we do have a few that send us 10-20 of the same letter to multiple characters in the span of five minutes. Geez.
Co-Mod: Mod Paups has had to remain absent for personal reasons, and sadly, has recently communicated to me that she wishes to leave the blog entirely.  Thanks for all you’ve contributed to this blog, Mod Paups, and best of luck in whatever you do next!
Tumblr media
(Referenced Letter)
Dear mungeondaster,
Mod Edgeworth: Since I answered this one, I shall answer your letter.
Tumblr media
(^ Why do I always use this sprite? ^) Actually, the localization never specified if Manfred Von Karma was born in Germany or not. In fact, we never knew the German part until Justice For All when Franziska Von Karma was stated to have flown all the way from Germany. It never specifies any reason for this and fans were quick to jump to the conclusion that it means the Von Karma family were German, which… isn’t entirely true? Manfred Von Karma never said he lived in Germany and, for all we know, Franziska could’ve lived in Germany to study law or something.
Now, the OG does give us more specific detail on this, being why I answered this the way I did. In the OG, both Von Karma’s were born Japanese, but lived in America or at least have an estate there. It specified that they were originally born in Japan, which would be translated to LA, California in the localization. While using the OG canon isn’t normal here, I will use it, if the localization doesn’t specify things. In this case, it never specified if the Von Karma’s were born in Germany or if Manfred Von Karma lived in America. Since he had to wait out the Statue of Limitations for DL-6, we can assume he lived in LA for 15 years or more. That means he’s American.
Tumblr media
I am still getting the hang of writing letters, but I try to stick to canon as much as possible. If you believe we’ve made an error in our letters, feel free to let us know, but also show proof, if we go against canon. We’ll be sure the letter is sent to the right mod or else fix it.
Tumblr media
Dear  Bluedragoncody,
Mod Edgeworth: I... don’t know how to feel about that.
Also, I accidentally deleted your previous letter before this one when trying to post it on here. I’m so sorry about that. If you could remember it, would you send it again?
Co-Mod: I’ll just respond to this with an old classic:
Tumblr media Tumblr media
Dear Aceattorneyismyjam,
Mod Edgeworth: I-I’m not a pro! I accidentally deleted an important mod question from bluedragoncody, because of my inexperience. Oof! Again, so sorry!
Tumblr media
Granted, I am good with digital art and writing essays, but I’m still trying to get the hang of being a mod here. Believe me, I do get corrected on several mistakes I do here. I can’t really call myself a pro just yet. I’ve only just started becoming a mod here last month lol
Tumblr media
Dear Dahlia,
Mod Edgeworth: I thank you for your support of this blog and my essay. Manfred Von Karma is also my favorite villain and someone I do feel is underestimated as a one dimensional villain. I think people hate him so much, because of how he ruined Miles Edgeworth’s life without looking at the bigger picture. They focus on the bad things with their black colored glasses without dissecting Manfred Von Karma’s character as a whole. 
Tumblr media
One thing I love about this blog, even before becoming a mod, is that no one here ever portrayed Manfred Von Karma as the one dimensional villain. He can be snappy at times, but as proven in many of our previous letters, he’s also portrayed as being calm when threatened, polite at times and absolutely loves his wife and children. Yes, he’s a terrible person, but that’s what makes him so interesting. He’s a bad, evil person that does good things from time to time. It doesn’t justify any of his horrible deeds, murder included, but it does make him human.
Co-Mod: I’m...going to assume you’re a different Dahlia.  (I’m grabbing a Magatama of Parting just in case, though.  I’m sure you can understand.)
Anyway, thanks for being such a loyal follower!  This blog’s been through a lot of changes since it began, and since I joined it back in 2017, so I’m glad it’s still a good source of enjoyment for you.  I’ve seen all sorts of cringe by now, by the way (some of which I wrote myself), so don’t worry about it.
I’m also glad that the characters still sound like themselves and not like us.  The hilarious personalities and quirks given to them by Capcom’s writers, as well as the humanity in so many of them, make them easy to relate to, and thus fairly easy to mimic.  I may have said something like this before, but I see myself in a lot of them -- in Athena’s fear of inadequacy, in Apollo’s desire for justice in a world where it’s hard to find, in Sebastian’s confusion about where to go next after his world falls apart, and possibly even in the von Karmas’ desire for perfection.  I of course identify with their positive feelings as well -- Phoenix’s smugness when he gets things right, Athena’s joy after pulling off a victory in court, Adrian’s pride after her self-confidence is restored, etc. -- but there’s something about the struggles they face that make them easier to relate to, on top of being that much more awesome in the end.
Unfortunately, I can’t promise anything about this blog continuing on in perpetuity.  For one thing, I don’t plan on being around forever (I’m fairly certain the other Mods don’t, either), and for that matter, there’s also no telling how long Tumblr will be around.  All I can promise is that I’ll give my best while I’m here, and that the love from you and everyone else who shares it here is sure to be what keeps us going.  Thank you for your contribution!
Tumblr media
Dear TurqouiseJavelin,
Mod Edgeworth: Hm... not bad ideas. Though, we mods choose our own mod names under the condition that it doesn’t match anyone else’s mod name.
Co-Mod: What Mod Edgeworth said.  Choosing the name “Mod Athena” may or may not increase your chances of being hired, though.  *wink, wink*
Tumblr media Tumblr media
Dear Anonymous, 
Mod Edgeworth: Actually, Gregory was stated in the Autopsy to have died by a gunshot. However, you do bring up something interesting. If Gregory Edgeworth realized he was dead and last remembered Robert Hammond strangling him, he wouldn’t think “I died by the shot of a gun.” Since the Detectives weren’t aware that victim had died unconscious, they’d assume the victim would recall being shot and killed. This makes me wonder if Gregory Edgeworth was channeled, but never brought to court to be cross-examined.
There are still holes, but I do like your aspect on DL-6.
Co-Mod: Dang...  No matter how many times you come back to this game, there’s always something new to think about.  I honestly hadn’t considered those details about Yanni Yogi’s trial.  Your explanation makes the most sense to me, but there’s one other possibility regarding Gregory’s testimony -- he may have chosen to lie about who murdered him in order to protect his son from a murder charge.  That’s all open to interpretation, of course, so your guess is as good as ours.
It’s a good thing we’re not actual defense attorneys, huh?
-The Mods
23 notes · View notes
davidboothlaw-blog · 3 years
Video
youtube
Will Lawyer Wellington
The services of will lawyer does not seem important until the time when you are caught up in a fix that you cannot get yourself out easily. It is a very good idea to have a lawyer for any activity so that you don’t go around looking for any other person when you want to be represented. However, you should not go for anybody to stand in as the lawyer that you trust in your cases. There are some qualities that you must be on the lookout for in the lawyer that you want. The first thing about the will lawyer is that he or she must be a very honest dealer. There are very many people who have launched complaints of having been tricked into deals that never materialized in the long run. The lawyers told them that they were to follow up the cases they had but they never brought any returns to the clients. This is all a game of honesty that is played by the lawyers. However, an honest lawyer will stand out to defend the client in cases when this is needed and, to get the dues that are owed to the clients is the law requires. In estate planning, honesty of the attorney is very much necessary. This is due to the amount of cash that is always in question. There are times that the money the attorney is under obligation to defend in the case is so high that if he is not honest to the client, cases of corruption and bribery can influence the decisions in the case. This is a very good example in a case of after death estate property protection in most of the economies. In most cases, the property that the will lawyer has to protect may be under hunt by some parties who are rich and can bribe the attorney. Once you have bought the piece of real estate that you are interested in, there are very many procedures that are involved afterwards. One of them is the payment of tax, as well as the settlement of the mortgage payments. These might tend to get quite confusing hence one has to be very cautious. If you are not mentally prepared for such, getting a real estate attorney will help. Take your time and choose the best lawyer. Choose wisely. Whether you succeed is in the endeavors that you have or not is a case of the honesty of the will lawyer that you have. Even though honesty is the winning trait, there are other traits that very many people look out for. One of the traits that people will find their hearts pulled towards is the competence of the attorney. This will not only stir the confidence of the client but it will also make the people giving the final decisions in the case to have a changed mind, even in cases where they thought there were doubts. 
FOR MORE INFO-: https://www.boothlaw.co.nz/
0 notes
Text
Estate Appraiser working in Wellington
Tumblr media Tumblr media
I am an Estate Appraiser working in Wellington I am an Estate Appraiser working in Wellington. Estate Appraisals in Wellington are normally ordered by the Executor of the estate, an attorney representing the family or a next-of-kin. This type of appraisal assignment is typically made as a date-of-death with retrospective date. I realize that this is an emotional time for the parties involved and I thrive on providing the best customer service. If you have a property in Wellington Fl and in need of an estate appraisal, go ahead and contact me. Speak to a Wellington Appraiser
Do you have appraisal questions?
How much does an appraisal cost in Wellington FL? Appraisals in Wellington start at a cost of $350. There are desktop appraisals that start at a cost of $175. How long do I need to be at my home while the appraiser is on site? In the Village of Wellington, the typical home appraisal inspection will range from 15 minutes up to 1 hour. The time frame depends on the size of the home and the amount of unique property features. Can a home appraisal remove my PMI on my home located in Wellington? Yes, however before moving forward with a PMI removal appraisal you should contact your loan service company. There are some that will allow you to submit an appraisal that you ordered while others will require you to order the appraisal through their service provider. Are home appraisals in Wellington based on square footage? Yes, the appraiser will visit your property in the Village of Wellington and measure your home. This measurement will be cross referenced with public records data and reconciled. The measurement will be considered the GLA or Gross Living Area. The GLA will be a major component involved in the comparable selection and the analysis in the Sales Comparison Approach of your home. Does a home appraisal include upgrades that I have performed? Yes, your appraiser should report, reconcile and factor the upgrades that were performed to the property. However, upgrades should be performed to bring up to market segment standards. If the home has been over improved there will be times that the cost of the upgrade is considered a diminished return. How fast can I get an appraisal if I live in Wellington Florida? You can order an appraisal in Wellington as a RUSH Appraisal. RUSH appraisals can be delivered 24-48 hours after the engagement is executed.
Tumblr media
How to order an Appraisal in Wellington
Time needed: 10 hours. How to order an appraisal in Wellington Locate a State Certified Appraiser that services the Village of Wellington. Go to www.FastFloridaAppraisals.com and visit the Wellington market and contact the Wellington Appraiser. Inform the Appraiser on why you need an appraisal. Tell the appraiser why you need you an appraisal and what your going to be using the appraisal for. This will allow the appraiser to identify the scope of work and the intended use. Execute the engagement letter. The appraiser will send you an engagement letter outlining the proposed services and costs. The engagement letter will provide a link for payment. Once the payment is made, the engagement will be executed and work will begin.
An example of an Estate Appraisal in Wellington
Last week I performed an appraisal in the Village of Wellington. This assignment can be discussed as an example of an Estate Appraisal in Wellington. We were contacted by an Attorney in North Carolina that was handling an estate and they needed a date-of-death appraisal. The assignment was fairly normal, but the access of the property was a little difficult. The attorney indicated that the family members were not in town and the neighbor would be able to open the property for the appraisal inspection. The caveat was the neighbor was leaving for a cruise the next day. After discussion a Rush Assignment was executed in the engagement and property was inspected in the next 2 hours. I have worked in the Village of Wellington for almost 20 years and work to provide the best customer service. If you have a property in the Village of Wellington go ahead and contact me to discuss your appraisal needs. Contact a Wellington Appraiser
Palm Beach County Appraisal Experience
We service the Palm Beach County Appraisal market for all types of residential property. Take a look at some of our prior stories that we have written on the Palm Beach County Home Appraisal Market. https://fastfloridaappraisals.com/estate-appraiser-in-delray-beach/ https://fastfloridaappraisals.com/estate-appraiser-in-boca-raton/ https://fastfloridaappraisals.com/estate-appraisals-in-boynton-beach/ Wellington Estate Planning Lawyers: https://www.justia.com/lawyers/estate-planning/florida/wellington Read the full article
0 notes
walterfrodriguez · 6 years
Text
Movers & Shakers: Avison Young taps SVP & more
Rosendo Caveiro and Sean Schiefler (Credit: Avison Young and Engel & Völkers Florida, MaxPixel)
After 13 years, Rosendo Caveiro jumped from Cushman & Wakefield to Avison Young. Caveiro, a former senior director of capital markets and multifamily, joined Avison Young’s Miami office as a senior vice president. He’ll lead the brokerage’s multifamily investment sales throughout Florida.
Engel & Völkers Florida brought on Sean Schiefler as senior vice president of business development. The brokerage plans to open at least six new locations this quarter, according to a release. Schiefler was previously with Realogy’s Better Homes and Gardens Real Estate division, and before that with Wyndham Hotel Group, where he focused on site selection for new hotel construction and rebranding and renovation of older hotels.
Fort Partners tapped Elliman’s Richard Goihman of the Goihman Group as the new executive vice president of sales for Four Seasons Private Residences Fort Lauderdale. Goihman is part of the Gold Coast Team representing the development in Miami, Fort Lauderdale and Palm Beach.
Christopher Adeleke, a former top producer at Cervera Real Estate, joined Douglas Elliman to work on sales of 1 Hotel & Homes South Beach. He was previously a sales agent for Le Parc at Brickell and The Bond on Brickell.
David Carrion-Levy left One Sotheby’s International Realty to join Compass. Carrion-Levy is partnering with Compass’ Ben Moss, also previously of One Sotheby’s.
Friends of The Underline hired Amy Rosenberg as chief development officer, focusing on private fundraising and development of the linear park and trail. Rosenberg was previously director of annual giving at National YoungArts Foundation.
Carlton Fields hired land use attorney Aaron C. Dunlap. Dunlop, a former assistant attorney for the village of Wellington, is joining the law firm’s West Palm Beach office.
Benworth Capital, a lender focusing on alternative short-term, first-position residential and commercial mortgages, named Jose Monte as the company’s vice president. Before joining Bentworth, he was previously a senior vice president of commercial lending at Sunstate Bank.
from The Real Deal Miami & Real Estate News News | & Curbed Miami - All https://therealdeal.com/miami/2018/01/29/movers-shakers-avison-young-taps-svp-more/ via IFTTT
0 notes
juditmiltz · 7 years
Text
National Cheat Sheet: Home Builders Association knocks Trump tax bill, houses across U.S. selling at fastest clip in 30 years … & more
Clockwise from left: A home in Lennar’s new Arden development in Wellington, Fl., Green-Wood Cemetery, flooding in Miami.
From TRD New York:
Trump tax reform opposed by National Association of Home Builders
The National Association of Home Builders (NAHB) gave a thumbs-down response to President Trump’s tax reform proposal this week. That’s because tax credits for mortgage interest and state property taxes are not a part of the bill, Curbed reported. The organization warned that removing these established incentives for buying a home would be harmful to the housing market. NAHB chairman Granger MacDonald called the plan “particularly disappointing” and said it would “severely diminish the effectiveness of the mortgage interest deduction.” President Trump’s plan would double the standard deduction, and the expectation is that more people would choose this route over itemized deductions such as the mortgage interest deduction. [Curbed]
Homes in the U.S. selling at fastest rate in 30 years
A lack of inventory across the U.S. is having an historic impact on the length of time homes are lingering on the market. Homes are now selling at their fastest rate in 30 years, according to a report by the National Association of Realtors cited by Bloomberg. Homes were marketed for just three weeks in the year ended in June, the report said, down from four weeks in the year-ago period. It’s the fastest pace since NAR started tracking the metric in 1987. Inventory declined in September, the 28th consecutive month of year-over-year drops in the number of homes for sale. [Bloomberg]
Number of home owners rises in the U.S., signaling a trend
High prices and low inventory have not dampened the rate of U.S. home ownership, which has ticked up in recent months. In the third quarter of 2017, 63.9 percent of U.S. adults owned a home, a slight increase from last year’s 63.5 percent, according to the Wall Street Journal, which cited U.S. Census Bureau statistics. The increase marks the second consecutive quarterly increase. Svenja Gudell, chief economist at Zillow, told the WSJ that the rise is a positive indicator for “trying to get renters into homes” but not as high as expected considering country’s increase in jobs and low mortgage rates. [TRD]
Lennar to acquire CalAtlantic for $5.7B, creating largest U.S. homebuilder
There’s a new heavyweight in the homebuilding industry. The merger of Lennar Corporation with CalAtlantic Group in a $5.7 billion deal announced this week means the new entity will be the largest homebuilder in the U.S., The Real Deal reported. Miami-based Lennar will also assume $3.6 billion of debt in the deal, making the purchase price a total of $9.3 billion. Lennar and CalAtlantic recorded revenues of more than $17 billion combined last year. The new entity will be in charge of 240,000 home sites and 1,300 communities in 49 markets across 21 states. [TRD]
Lack of space in city cemeteries threatens the “forever home” market
There’s another inventory squeeze going on across the nation, albeit underground. Urban cemeteries are filling up and may run out of space in the future, according to Bisnow, which highlighted the difficulties of creating new space to bury the dead in urban centers as baby boomers grow old. According to the report, Arlington National Cemetery is expected to run out of room by 2041. Gene Adamo, vice president of the historic Green-Wood Cemetery in Brooklyn, said the cemetery may face that fate even sooner – within the next decade. “Unfortunately, a lot of cemeteries will come to that point,” Adamo told the site. The cost and availability of land in major cities plus a dose of NIMBYism are seen as preventing new cemeteries from being created. [Bisnow]
Major Market News
The new math: private school construction in NYC adds up to $1B
Upgrades to private schools in New York City — often to add fancy amenities like a new gym or pool or expand into a larger space — have surged to nearly $1 billion. Construction and renovation starts for private K-12 schools was over $948 million from January 2014 to this past September, about two and half times the starts for the four-year period ended a decade ago, the Wall Street Journal reported, citing data from Dodge Data & Analytics. The growth in construction for private schools is due in part to low-interest rates and higher enrollment, according to the WSJ. But competition for prospective students is another factor. As private-school parent Amy Poeppel, author of “Small Admissions,” told the Journal, “Shiny spaces matter to New Yorkers.” [TRD]
Climate change may impact lending for Miami’s commercial real estate projects
Bank financing for commercial real estate projects may shift in response to environmental threats. Climate change and rising seas in particular are already causing banks to scrutinize projects and be more conservative with their level of commitment, according to Veronica Birch Flores, executive vice president with First National Bank of South Miami, who spoke during a panel discussion this week, The Real Deal reported. “How municipalities deal with rising seas and the impact on coastal properties is something we are being more careful about,” she said. For example, municipalities like Miami Beach, which is investing in flood-prevention projects, are better positioned than areas that are not dealing with the threats of global warming, she said. [TRD]
Two LA developers fighting affordable housing rules will not get their day in court
Two West Hollywood developers who oppose a California law requiring developers to subsidize affordable housing will not have their appeal heard by the Supreme Court. The Los Angeles Times reported that as part of the permit process for an 11-unit condo project at 616 N. Croft Avenue, developers Jonathan and Shelah Lehrer-Graiwer were required to pay $540,000 to subsidize affordable housing at another location. The pair sued in December 2012, arguing that the fee violated their Constitutional rights because it violated the prohibition of using private property “for public use without just compensation,” the publication said. A state appeals court did not agree with the couple and their lawyers then appealed to the high court. [TRD]
Utah real estate investor may be retried over alleged Ponzi scheme
Federal prosecutors intend to retry Utah investor Rick Koerber, accused of running a real estate Ponzi scheme. Jurors in his Oct. 16 eight-week trial were unable to reach a verdict, resulting in a mistrial, according to the Salt Lake Tribune. Prosecutors filed a motion this week requesting a scheduling hearing to set a new trial. The prosecution alleged that $100 million was entrusted to the defendant and over $50 million was redistributed to other investors. Despite the time and cost involved in retrying the case, U.S. Attorney for Utah John Huber said, “it is the right thing to do.” [SLT]
Maryland AG looking into housing complaints at Kushner Companies affiliate
An affiliate of Kushner Companies is being investigated about allegedly coercive debt collection practices and poor maintenance at housing developments in Maryland. Attorney General Brian Frosh of Maryland is looking into the situation at multifamily housing run by Westminster Management  in response to media reports, according to CNN. Both the New York Times and ProPublica described problems such as mold and vermin there, while The Baltimore Sun described aggressive practices such as arrests of tenants. CEO Jared Kushner stepped down to join the White House in January. [CNN]
  from The Real Deal Miami https://therealdeal.com/2017/11/03/national-cheat-sheet-home-builders-association-knocks-trump-tax-bill-houses-across-u-s-selling-at-fastest-clip-in-30-years-more/#new_tab via IFTTT
0 notes
bmclaw-blog · 4 years
Link
0 notes
walterfrodriguez · 7 years
Text
National Cheat Sheet: Home Builders Association knocks Trump tax bill, houses across U.S. selling at fastest clip in 30 years … & more
Clockwise from left: A home in Lennar’s new Arden development in Wellington, Fl., Green-Wood Cemetery, flooding in Miami.
From TRD New York:
Trump tax reform opposed by National Association of Home Builders
The National Association of Home Builders (NAHB) gave a thumbs-down response to President Trump’s tax reform proposal this week. That’s because tax credits for mortgage interest and state property taxes are not a part of the bill, Curbed reported. The organization warned that removing these established incentives for buying a home would be harmful to the housing market. NAHB chairman Granger MacDonald called the plan “particularly disappointing” and said it would “severely diminish the effectiveness of the mortgage interest deduction.” President Trump’s plan would double the standard deduction, and the expectation is that more people would choose this route over itemized deductions such as the mortgage interest deduction. [Curbed]
Homes in the U.S. selling at fastest rate in 30 years
A lack of inventory across the U.S. is having an historic impact on the length of time homes are lingering on the market. Homes are now selling at their fastest rate in 30 years, according to a report by the National Association of Realtors cited by Bloomberg. Homes were marketed for just three weeks in the year ended in June, the report said, down from four weeks in the year-ago period. It’s the fastest pace since NAR started tracking the metric in 1987. Inventory declined in September, the 28th consecutive month of year-over-year drops in the number of homes for sale. [Bloomberg]
Number of home owners rises in the U.S., signaling a trend
High prices and low inventory have not dampened the rate of U.S. home ownership, which has ticked up in recent months. In the third quarter of 2017, 63.9 percent of U.S. adults owned a home, a slight increase from last year’s 63.5 percent, according to the Wall Street Journal, which cited U.S. Census Bureau statistics. The increase marks the second consecutive quarterly increase. Svenja Gudell, chief economist at Zillow, told the WSJ that the rise is a positive indicator for “trying to get renters into homes” but not as high as expected considering country’s increase in jobs and low mortgage rates. [TRD]
Lennar to acquire CalAtlantic for $5.7B, creating largest U.S. homebuilder
There’s a new heavyweight in the homebuilding industry. The merger of Lennar Corporation with CalAtlantic Group in a $5.7 billion deal announced this week means the new entity will be the largest homebuilder in the U.S., The Real Deal reported. Miami-based Lennar will also assume $3.6 billion of debt in the deal, making the purchase price a total of $9.3 billion. Lennar and CalAtlantic recorded revenues of more than $17 billion combined last year. The new entity will be in charge of 240,000 home sites and 1,300 communities in 49 markets across 21 states. [TRD]
Lack of space in city cemeteries threatens the “forever home” market
There’s another inventory squeeze going on across the nation, albeit underground. Urban cemeteries are filling up and may run out of space in the future, according to Bisnow, which highlighted the difficulties of creating new space to bury the dead in urban centers as baby boomers grow old. According to the report, Arlington National Cemetery is expected to run out of room by 2041. Gene Adamo, vice president of the historic Green-Wood Cemetery in Brooklyn, said the cemetery may face that fate even sooner – within the next decade. “Unfortunately, a lot of cemeteries will come to that point,” Adamo told the site. The cost and availability of land in major cities plus a dose of NIMBYism are seen as preventing new cemeteries from being created. [Bisnow]
Major Market News
The new math: private school construction in NYC adds up to $1B
Upgrades to private schools in New York City — often to add fancy amenities like a new gym or pool or expand into a larger space — have surged to nearly $1 billion. Construction and renovation starts for private K-12 schools was over $948 million from January 2014 to this past September, about two and half times the starts for the four-year period ended a decade ago, the Wall Street Journal reported, citing data from Dodge Data & Analytics. The growth in construction for private schools is due in part to low-interest rates and higher enrollment, according to the WSJ. But competition for prospective students is another factor. As private-school parent Amy Poeppel, author of “Small Admissions,” told the Journal, “Shiny spaces matter to New Yorkers.” [TRD]
Climate change may impact lending for Miami’s commercial real estate projects
Bank financing for commercial real estate projects may shift in response to environmental threats. Climate change and rising seas in particular are already causing banks to scrutinize projects and be more conservative with their level of commitment, according to Veronica Birch Flores, executive vice president with First National Bank of South Miami, who spoke during a panel discussion this week, The Real Deal reported. “How municipalities deal with rising seas and the impact on coastal properties is something we are being more careful about,” she said. For example, municipalities like Miami Beach, which is investing in flood-prevention projects, are better positioned than areas that are not dealing with the threats of global warming, she said. [TRD]
Two LA developers fighting affordable housing rules will not get their day in court
Two West Hollywood developers who oppose a California law requiring developers to subsidize affordable housing will not have their appeal heard by the Supreme Court. The Los Angeles Times reported that as part of the permit process for an 11-unit condo project at 616 N. Croft Avenue, developers Jonathan and Shelah Lehrer-Graiwer were required to pay $540,000 to subsidize affordable housing at another location. The pair sued in December 2012, arguing that the fee violated their Constitutional rights because it violated the prohibition of using private property “for public use without just compensation,” the publication said. A state appeals court did not agree with the couple and their lawyers then appealed to the high court. [TRD]
Utah real estate investor may be retried over alleged Ponzi scheme
Federal prosecutors intend to retry Utah investor Rick Koerber, accused of running a real estate Ponzi scheme. Jurors in his Oct. 16 eight-week trial were unable to reach a verdict, resulting in a mistrial, according to the Salt Lake Tribune. Prosecutors filed a motion this week requesting a scheduling hearing to set a new trial. The prosecution alleged that $100 million was entrusted to the defendant and over $50 million was redistributed to other investors. Despite the time and cost involved in retrying the case, U.S. Attorney for Utah John Huber said, “it is the right thing to do.” [SLT]
Maryland AG looking into housing complaints at Kushner Companies affiliate
An affiliate of Kushner Companies is being investigated about allegedly coercive debt collection practices and poor maintenance at housing developments in Maryland. Attorney General Brian Frosh of Maryland is looking into the situation at multifamily housing run by Westminster Management  in response to media reports, according to CNN. Both the New York Times and ProPublica described problems such as mold and vermin there, while The Baltimore Sun described aggressive practices such as arrests of tenants. CEO Jared Kushner stepped down to join the White House in January. [CNN]
  from The Real Deal Miami & Real Estate News News | & Curbed Miami - All https://therealdeal.com/2017/11/03/national-cheat-sheet-home-builders-association-knocks-trump-tax-bill-houses-across-u-s-selling-at-fastest-clip-in-30-years-more/#new_tab via IFTTT
0 notes