commercial real estate devel: Stimulus Help for CA
- 04/06/09 08:18 AM
While catching up on March’s reading, I spied an encouraging article by Eric Young in the SF Business Times’ 3-6-09 issue. It talks about the stimulus money for CA. It is estimated that CA will be receiving $45 billion from the federal stimulus cash. In addition to the money earmarked for education, infrastructure, unemployment and health care, CA may also receive $35 billion in tax relief. While this represents about 10% of the country’s stimulus package, it’s about 5% of CA’s economy. Approximately 1/3 of that money may be used for discretionary projects, and Bay Area groups have been meeting to … (0 comments)
commercial real estate devel: Finally, a “Decent” Investment
- 04/04/09 04:49 PM
Just saw some encouraging investment information in the Multi-Housing News online 3-18-09 issue in the form of an article written by Anuradha Kher. Basically, there are optimistic views out there about housing recovery, from - among others - The Northern New Jersey District Council of the Urban Land Institute (ULI-NNJ. “This crisis is an opportunity to redefine fundamentals,” ULI-NNJ Chair Lawrence F. Jacobs of the law firm of Wilentz, Goldman and Spitzer said at the Emerging Trends in Real Estate conference held in New Jersey recently. “ULI believes that the market will take a critical approach to land values based on … (0 comments)
While catching up on March’s reading, I spied an encouraging article by Eric Young in the SF Business Times’ 3-6-09 issue. It talks about the stimulus money for CA. It is estimated that CA will be receiving $45 billion from the federal stimulus cash. In addition to the money earmarked for education, infrastructure, unemployment and health care, CA may also receive $35 billion in tax relief. While this represents about 10% of the country’s stimulus package, it’s about 5% of CA’s economy. Approximately 1/3 of that money may be used for discretionary projects, and Bay Area groups have been meeting to … (0 comments)
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