Commercial property investing not for faint hearted Paterson business group holding seminar on commercial tax appeals Prominence office park getting $8M â€˜extreme makeoverâ€™ Fitch Affirms Trimont's Commercial Real Estate Servicer Ratings Former Starks building owner fought assessments before selling for $14 million At Look at REITS vs. Real Estate Mutual Funds
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NEWS AND INFORMATION
A fortune can be made in commercial property, but first time investors should be aware of the risks and do their research, experts say.
As the cityâ€™s businesses grapple with the impact of their proposed new property assessments, the Greater Paterson Chamber of Commerce is hosting a seminar on commercial tax appeals next week.
Investors typically sink money into upgrading the commercial properties they buy, some more than others. In the latter category, Josh Edwards, vice president of Crocker Partners, is operating in the middle of the $8 million in renovations underway at Prominence in Baymeadows.
Fitch Ratings affirms the commercial real estate servicer ratings for Trimont Real Estate Advisors, Inc. , as follows:
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.
REITs and real estate mutual funds have their differences, but they both offer liquidity and easy access to diversified real estate assets.
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Commercial property investing not for faint hearted
Paterson business group holding seminar on commercial tax appeals
Prominence office park getting $8M â€˜extreme makeoverâ€™
Fitch Affirms Trimont's Commercial Real Estate Servicer Ratings
Former Starks building owner fought assessments before selling for $14 million
At Look at REITS vs. Real Estate Mutual Funds