Besen Partners的动态

Herrick Real Estate partner, Brett Gottlieb, was quoted in an article from Bloomberg Law discussing how New York City's proposed rules for new tax breaks to spur office conversions and multifamily housing are receiving pushback from the real estate industry, who say development may suffer from the provisions. Read more here: https://lnkd.in/eMQWR_mN. #HerrickDoesThat #RealEstate #AffordableHousing #Development

At the end of each year, I spend time reflecting on Baldwin County's commercial real estate landscape and trends from the past 12 months. I always find it to be an interesting exercise, so I wanted to share some observations. Note, this data is based on Moody’s CRE and excludes off-market deals, which happen frequently. Still, it offers a high-level overview of the year's trends. A couple takeaways: 1. Despite the turbulence in the market, steady leasing activity highlights that Baldwin County continues to attract long-term commitment from both established and new businesses. 2. Over the past year, we saw a significant decline in total deal volume and closed transactions—while many believe Baldwin County operates in a "bubble," macroeconomic headwinds like rising debt costs and political uncertainty clearly impacted deal flow. Even so, there are still plenty of buyers out there looking for good deals, and the sellers who price accordingly will be able to transact quickly. Happy New Year — looking forward to 2025!

???Big news for #BostonRealEstate! The Massachusetts Senate announced a $5.2bn housing bill crafted to turbocharge real estate development, focusing on rehabilitating blighted properties & incentivizing building on vacant lots. Yet, the bill left out a key component - the real estate transfer tax???. We have community support, but lawmakers took a pass. How do such legislative decisions impact your real estate strategy??? Boston's real estate environment continues to shift, with potential impacts on development & sales. Is your business keeping pace? Or could there be gaps in your strategy, impacting your projects or investments? ?? For an in-depth understanding of how recent changes could influence your real estate endeavors, consider reaching out to industry expert Joe Turco from the Turco Group at eXp Realty. With knowledge comes power – don’t miss the opportunity to stay in-the-know! ???? Take a moment to reassess your stance, it could be the difference between 'business as usual' and taking your business 'above & beyond'. ?? #BostonRealtor #eXpRealty #BostonCondo #socialnetworking #sales #Boston #TurcoGroup #MovemetoBoston

Are you aware of the recent proposal set forth by Boston's Mayor Michelle Wu? This move is focused on shifting the property tax burden off residential homeowners and onto commercial real estate owners. An innovative approach to solving our city's housing affordability crisis indeed. Yet, some business leaders see this as potential negative impact to our local economy. #BostonRealEstate Have you paused to consider the long-term effect on your real estate strategies under this proposed shift? Might there be a gap in your understanding of this potential tax shift and its implications? In the challenging landscape of Boston's real estate market, it's crucial to stay ahead and navigate changes effectively. #BostonRealtor Take this as an invite to introspect - is your firm prepared for such a shift should it be endorsed by our state legislature? It’s important that we reassess our approaches and align them with evolving market trends. #BostonCondo If you're unsure, do not worry. This is where I, Joe Turco, bring my expertise to the table. We at the Turco Group lend our broad understanding of the real estate environment to strategize and deliver effective solutions. Take the next step, join me for a conversation. Let's navigate the ever-changing face of Boston real estate together. #MovemetoBoston #TurcoGroup

Lawmakers are taking a stand against Wall Street firms' aggressive acquisition of single-family homes. ?? Proposed legislation aims to limit large investment firms' ability to purchase these properties, with the goal of improving housing affordability for individual buyers. ?? This move could significantly impact the real estate market, creating a more balanced playing field for first-time and lower-income buyers. ?? As an expert, I believe these efforts are a step in the right direction, but striking a balance between affordability and market stability is crucial. ?? What are your thoughts on this proposed legislation? ?? Do you think it will effectively address housing affordability issues, or could it have unintended consequences? ?? Join the conversation and let's discuss the future of the real estate market together! ?? #RealEstate #HousingAffordability #WallStreet #SingleFamilyHomes #Legislation #InvestmentFirms #Blackstone #KKR #RealEstateMarket #Homeownership #RealEstateInvesting

excellent article. it's the out of touch politicians that caused the housing crisis, banking crisis and insurance crisis. meanwhile 40k rent stabilized units are off the market due to the 2019 rental law. Albany has the power to get these units on the market, but won't. amend the 2019 rental law.

#WallStreet #privateequity #landlords #lawmakers #homebuying #realestate #affordability 'Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again. While homeowner associations for years?have sought to stop investors?from buying and renting out houses in their neighborhoods, the legislative proposals represent a new effort by elected officials to regulate Wall Street’s appetite for single-family homes. These lawmakers say that investors that have scooped up hundreds of thousands of houses to rent out are contributing to the dearth of homes for sale and driving up home prices. They argue that investor buying has made it harder for?first-time buyers?to compete with Wall Street-backed investment firms and their all-cash offers. Two of the largest home-buying firms,?Invitation Homes?and AMH, are publicly traded companies, while a number of other companies, backed by private equity, hold portfolios of tens of thousands of homes nationwide.'

I hope you are having a great week. Here is what you need to know. In the News: So far it looks like Proposition 33 was voted down! This is a great thing for landlords in California. From the Associated Press, about 52% of the ballots have been reported with 61.6% voting no and 38.4% voting yes. This vote is likely the trend going forward but we will see. **Law to be Aware Of: Within the City of Los Angeles, there are registration fees. As of today, it is $38.75 per RSO unit and $67,.94 per Rental Unit. 50% of the fees can be pass through to the tenant but only on a month to month basis. Check out slide 8 of the RSO presentation: https://lnkd.in/gBP4TFYT General Real Estate Tip: Despite Prop 33 not going through, that doesn't mean you shouldn't stay vigilant. Think about your vetting process, leases, and rules going forward. One of the challenges a lot of mom and pop landlords have is that they don't view this like a business. This isn't something where you can just "wing it." Let me know your thoughts. Thanks for reading and have a great week! **Laws are subject to change without notice and it is advisable to consult the appropriate professionals. . . . #realestateinvesting #realestateinvestor #landlord #housingprovider #tenants #losangeles #prop33 #leases #screeningtenants

I hope you are having a great week. Here is what you need to know. In the News: So far it looks like Proposition 33 was voted down! This is a great thing for landlords in California. From the Associated Press, about 52% of the ballots have been reported with 61.6% voting no and 38.4% voting yes. This vote is likely the trend going forward but we will see. **Law to be Aware Of: Within the City of Los Angeles, there are registration fees. As of today, it is $38.75 per RSO unit and $67,.94 per Rental Unit. 50% of the fees can be pass through to the tenant but only on a month to month basis. Check out slide 8 of the RSO presentation: https://lnkd.in/gHFnnsyZ General Real Estate Tip: Despite Prop 33 not going through, that doesn't mean you shouldn't stay vigilant. Think about your vetting process, leases, and rules going forward. One of the challenges a lot of mom and pop landlords have is that they don't view this like a business. This isn't something where you can just "wing it." Let me know your thoughts. Thanks for reading and have a great week! **Laws are subject to change without notice and it is advisable to consult the appropriate professionals. . . . #realestateinvesting #realestateinvestor #landlord #housingprovider #tenants #losangeles #prop33 #leases #screeningtenants

?? New York's newly enacted "Good Cause Eviction" law has sparked conversations across the real estate world. Here's what you need to know: This law limits rent increases and prevents evictions without "good cause." For landlords, annual rent hikes are capped at 8.82% or lower, depending on inflation. This provides predictability for tenants but could unintentionally push landlords to raise rents more aggressively year-to-year. While it’s a step towards rent stability, critics argue it resembles a softer form of rent control, which has historically affected property values and maintenance. Could this legislation help bridge landlord-tenant relationships, or will it deepen the housing market challenges? Only time will tell. Let’s discuss: Is this a win for tenants, or does it hurt the long-term health of the housing market? ???? #GoodCauseEviction #NewYorkRealEstate #RentControl #LandlordTenantLaw #RealEstateNews #PropertyInvesting #RentalMarket #HousingCrisis #LegislationMatters