CoStar Group, a Washington D.C.-based commercial real estate research firm, is set to acquire LoopNet, a San Francisco-based commercial real estate marketing firm for $860 million. CoStar operates the largest commercial real estate marketing database, with this merger potentially boosting CoStar's subscribers to 160,000 and putting its active listings at 2 million. LoopNet.com is the largest and most heavily trafficked commercial marketplace, with 4.8 million registered members. The deal is expected to close by the end of 2011.
RI 404 - The Cyber-REALTOR® (Required): There’s a lot of technology available today. Attend this course to make sense of it all. Today’s competitive Realtors® are the ones making smart choices in relation to hardware, software, and communications tools (including Facebook, e-mail, websites, and more). This session is a great starter for those who want to join the technology elite, those who are struggling to keep up, and everyone in between.
(Approved for 7 Hours Real Estate Related CE; 7 Hours Elective PL)
Attention AE’s and Leadership: VAR Honor Society Applications are due April 1st
Click the link below for the online application.
Please submit applications to Awards@VARealtor.com or fax to 804-262-0497
Once we receive your Honor Society applications, you will receive a e-mail confirmation from VAR.
The Virginia Association of REALTORS® wants to serve you better. To do that, we need to know what we do that works, what we do that doesn’t, and what else we should be doing. Further, we want to know how you feel about important services and representation VAR provides that you can’t get somewhere else.
To do that, we’ve created this survey. Please help us by taking a few minutes (actually, more like 10-15 minutes!) to fill it out.
Brought to you by CAI, IREM, NARPM, VAMA and VAR’s Property Managers Council
Property Management Coalition Conference 2011
Checking Under the Hood: the nuts and bolts of property management
Governor McDonnell, Lieutenant Governor Bolling, Attorney General Cuccinelli, and House and Senate Republican Leadership announce joint agenda for 2011 legislative session.
From Governor's press release:
On February 9 we need you to tell your legislator...
... to stop re-taxing people -- no more recordation taxes on refis!
... not to hold you responsible if public records are wrong!
... that toxic drywall needs to be disclosed!
...to pass agency laws that protect you and your clients!
It's our best chance all year to get our message across -- and we need bodies to do it. We want to crowd their offices with Realtors® so it's crystal clear: We care about property rights, the economy, and our industry.
Certain localities within the boundaries of the Northern Virginia Transportation Authority (NVTA) have levied a special tax on certain property owners to finance needed and costly transportation improvements in Northern Virginia, like Metro to Dulles. Here's the rub: the special tax applies only to commercial property owners, and not residential property owners.
Could the end of the Bush-era capital gains tax cut mean a jump in commercial sales? Could be, at least according to an article in Bloomberg.
With Congress deadlocked over extending the tax cuts, chances are looking good that rates will return to pre-Bush rates -- most notably the capital gains tax, which will go back to 20% from its current 15%. That potential jump, Bloomberg contends, is convincing some commercial-property owners to try to sell now, rather than pay higher taxes later.
Tax officials in the DC area are trying new, and maybe extraordinary, efforts to collect tens of millions of dollars in delinquent payments. These efforts are hoping to help combat the huge projected budget deficits that threaten to slash public services.
Together, DC area localities are owed more than $40 million in overdue real estate taxes from fiscal 2010. In Arlington, real estate tax delinquency has nearly tripled since 2003.