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    Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground. That's the way you sell houses... that's also the way you win over constituency.

Wednesday, October 28th, 2020

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Posted by: | Posted on: October 28, 2020

How Hotel Sales Performed in Q3

Today’s global travel sector, which many characterize as being “on the brink of collapse,” is simply unprecedented.  Seven months into a 100-year worldwide pandemic which caused a swift, wide, and deep economic recession has decimated key travel and leisure related industries including airlines, car rentals, cruise lines, ridesharing, and tour operators.  While stock markets have rebounded to near record levels, the US lodging industry continues to experience crippling stress as travel demand, which has experienced a sharp and sustained decline, continues to significantly lag pre-pandemic levels.  Although most segments of lodging demand came to an abrupt halt during the COVID-19 crisis, hotels located in urban markets, particularly group and meeting/convention-oriented properties, have been most negatively impacted and will likely take the longest period to recover.

The LW Hospitality Advisors (LWHA) Q3 2020 Major U.S. Hotel Sales Survey includes 12 single asset sale transactions over $10 million, none of which are

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Posted by: | Posted on: October 28, 2020

CRE Ballot Initiatives to Watch

While most people are attuned to the Presidential, Senate and House races next week, there are many critical state and local issues on the ballot on Nov. 3.

In a blog post Toby Burke, the senior director of State and Local Affairs for NAIOP, points to two ballot initiatives that will significantly impact commercial real estate by restructuring property tax revenues within their respective states.

In California, residents will vote on Prop 15.  If it is adopted, it will increase the property taxes on commercial and industrial properties by an estimated $11.5 billion, according to Burke.  

In Colorado, the 1982 Gallagher Amendment established a statewide mandate that the ratio between residential and commercial property tax collections is 45% to 55%, which places a high tax burden on property owners, according to Burke. Amendment B would repeal the ratio requirement under the Gallagher Amendment. 

Also, Burke says several ballot initiatives

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Posted by: | Posted on: October 28, 2020

Do You Know Them All?

Whether your home is hit by lightning, hail, or some other calamity, you’ll be awfully glad you have a home insurance policy in place to help foot the cost of repairs.

Yet while homeowner insurance typically covers a variety of common hazards that can befall your home, don’t get too confident, because it may not cover every mishap that may come your way.

The exact instances that are and aren’t covered by a typical home insurance plan depend entirely on the details of your policy—and, contrary to what you may think, each policy is different.

“Insurance policies are like snowflakes; no two are exactly the same,” says Ashleigh Cloud Trent, an insurance adviser with Swingle Collins and Associates in Dallas.

Generally speaking, most home insurance policies cover natural disasters, certain crimes, and accidents. Think: Wind and hail, dog bites, theft and vandalism, snowstorms, burst pipes. Beyond that general framework,

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