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The Potential Impact of Lease Accounting Changes on Corporate Real Estate Decision-Making
By: Timothy Robert Canon and Christina Anne Fenbert, CCIM Institute
January/February 2012
The Financial Accounting Standards Board and the International Accounting Standards Board aim to create a unified set of lease accounting standards as part of a larger global convergence initiative. With the goal of improving lease information transparency and comparability, the new standards could have residual effects on the way in which companies form decisions regarding their real estate needs.
The single most impactful change of the proposed lease accounting standards would be the elimination of the distinction between capital and operating leases. Under the proposed guidelines, companies would be required to recognize every leasehold obligation (in excess of one year in term length) on its balance sheet.
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Why You Need A Commercial Realtor
By: Hans Steege, Inc.
1/6/2012
A good commercial realtor is worth his or her weight in gold. To many of you, I may just be stating the obvious. But we learned this the hard way.
Last year my small company needed to relocate to a bigger, better space. We knew that we would continue to lease, where we needed to be located (generally), how much space we needed, and roughly how much we could spend.
Armed with that information, we figured it would be in our interest, and in the interest of our future landlord, if we acted as our own leasing agent. We could then take the money we saved by not having a realtor and split it with our landlord. That would make us a more attractive tenant, right?
Wrong.
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Signs Point to Healthier Central Texas Housing Market in 2012, Experts Say
By: Shonda Novak, American-Statesman
12/29/11
The new year should usher in a healthier Central Texas housing market, experts say, thanks to job and population growth, high apartment occupancies and an anticipated uptick in consumer confidence.
Although 2011 home construction is down more than 60 percent from the region's 2006 peak, homebuilders say they expect 2012 to be better. Heightened demand and a scarcity of lots to build on in some areas will lead to rising home prices, "setting the stage for a housing recovery in Austin," said Eldon Rude, director of the Austin market for Metrostudy, which tracks and forecasts the region's housing market.
Higher prices, Rude said, will be "the key to the rebound in Austin's housing market."
Read more: http://www.statesman.com/business/signs-point-to-healthier-central-texas-housing-market-2067020.html |
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Texas No. 1 in U.S. for Biggest 5-year Job Gains
By: Austin Business Journal, Houston Business Journal
12/27/2011
Texas added far more jobs than any other state in the country in the past five years. The Lone Star State had 10,629,300 non-farm jobs as of November, a gain of 451,100 jobs since the same month in 2006, an analysis of U.S. Bureau of Labor Statistics data by The Business Journals' On Numbers shows. Louisiana was a distant second in the number of non-farm jobs added during that five-year span, with 57,000.
North Dakota saw the highest job percentage increase during the period, boosting payrolls by 12.67 percent. Texas saw the nation's second-highest percentage employment gain, at 4.43 percent. Just nine states and the District of Columbia have added jobs during that period.
Read more: http://www.bizjournals.com/austin/news/2011/12/27/texas-no-1-in-us-for-biggest-5-year.html |
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