July 3rd, 2009
Inflationary Depression - Risk Reduction and Profits in Rising.
Unemployment rates continue to rise and real estate continues to get worse. Price earnings ratios show that most companies are excessively valued. There are many more insurance companies and other financial institutions that are nearly insolvent. The entire commercial real estate sector is believed by some experts to be severely undercapitalized. Investors must realize that the current system and the current economic policies are unsustainable. Government deficits this year will exceed $2 trillion even by the most conservative assumptions. The already unsustainable debt is only going to get larger. In the government’s efforts to prevent the economy from sliding further downhill, they have now spent nearly 15 trillion dollars in bailouts and other irresponsible measures. The currency simply cannot maintain its value and dollar investors are already beginning to demand higher rates of interest, if they are going to continue buying debt in the face of the potential for severe currency devaluation. Bill Gross, the chief investment officer of bond management firm Pimco, makes the case in a letter to investors that the U.S.more
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July 3rd, 2009
Clal, Harel move into British real estate.
Last week the Clal and Harel insurance companies announced they were entering the real estate management sector. The two companies reported, out of the blue, that they had purchased the 22 Kingsway office building in downtown London from Land Securities, a British real estate investment fund, for 40 million pounds sterling (about NIS 250 million), in an equal partnership.
22 Kingsway has 9,500 square meters of office and commercial space and is leased to the British income tax authorities until September 2025. The annual rent is about 3 million pounds, reflecting a yield of 7.5% on the purchase price. The rent rate will be updated every five years. .more
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June 30th, 2009
Local Business News In Brief.
He has spent the majority of his working life in real estate. He was first licensed in 1972 and has experience in residential and commercial sales, leases, and exchanges, and is ABR and GRI accredited.
Leavitt left real estate sales for about 11 years and worked with the State of Utah School and Institutional Trust Lands Administration as a land planner and project manager learning how to plan and develop large-acre parcels. Most recently, he was the land planner and project manager for the Sand Hollow Resort.
His wife”s name is Janet and they have eight children - four boys, four girls, all of whom are married, except their youngest daughter. They also have 27 grandchildren - 14 boys, 13 girls. His favorite sign at their home is ‘grandchildren welcome anytime, parents by appointment only.’
His No.more
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