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Real Estate Note Book

California bill could drive more homebuyers to valley

The California legislature seems to have a habit of increasing the cost of doing business and raising costs on individuals living in the state. This has included everything from raising income taxes to raising the state’s minimum wage; most recently, the price of constructing a new home may be going up, potentially ushering in a higher cost for homebuyers.

Dodd- Frank hot topic in business community

President Donald Trump is just crossing his first month in office and has flicked his pen many times on several executive orders — one of those relating to financial regulations or the Dodd-Frank Wall Street Reform and Consumer Protection Act, which he called a “disaster” and vowed to do a “big number” on.

Boulder City may get industrial park

unsaved changes Story BP REAL ESTATE COLUMN JEFFREY NOV. 7-16 edit story 18.7 inches 685 words Several pieces of news came by my desk this week that will have a major impact on commercial real estate in Las Vegas. GC Garcia Inc., owned by George Garcia, has been retained by the city of Boulder City to create a master plan for 700 acres of industrial growth at Interstate 11 and U.S. Highway 95. Garcia called it a “huge opportunity” during a CCIM luncheon in late October. The I-11 project could shine some positives on Boulder City during construction. The $318 million, two-phase project began in 2015 and is expected to be completed by 2018. It’s projected to create 4,000 direct, indirect and induced jobs.

Real estate crowdfunding still in its infancy

A web search might suggest real estate crowdfunding is a big, growing phenomenon. While that’s generally true, it is still a very small part of total dollars invested, both nationally and locally. A Securities and Exchange Commission analysis, “Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009-2014,” showed that only 2 percent of total investment dollars were gathered under a new set of SEC rules, 506(c) of Regulation D, which allowed accredited investors to advertise deals through an electronic platform. The analysis, which covered investments in real estate, startups and other venturs, tracked companies required to file under Regulation D.