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court puts five mpls. apartment buildings under administrator


minneapolis landlords stephen frenz and spiros zorbalas, who have been under fire for their illegal operation of a swath of apartment buildings in minneapolis, lost another round on tuesday when a housing court referee ordered five of their recently sold buildings to be placed under an independent administrator.hennepin district court referee japaul harris ruled that misco holdings, which purchased five south minneapolis buildings from frenz and zorbalas, had no rental licenses and was illegally collecting rents. he ordered rents returned to tenants for september, october and november.pro bono attorney michael cockson of faegre baker daniels, who is representing the tenants, said harris’ decision could put other landlords who are illegally collecting rents on notice that they may be challe






seattle rent hikes slow amid apartment boom, but average two-bedroom tops $2,000


rents across seattle grew an average 6.3 percent in the past year — but most of that increase was because of pricey new buildings. rents in older apartments are up just 4 percent.seattle rents are rising at their slowest pace in more than five years and the slowdown is likely to continue as a record number of new apartments open, a welcome change for renters dealing with years of hefty cost increases, a new survey shows.still, the average two-bedroom apartment in the city topped $2,000 a month for the first time, while rents continue to zoom up in the suburbs south of the city, according to the report from dupre + scott, which surveys landlords every six months.rents across the puget sound region are still rising faster than the historical norm, and the market remains hotter than most othe






after brief slowdown, seattle-area rents surge back up again; when will it end?


rents in seattle have now climbed 57 percent in the last six years, costing the average renter an extra $635 a month.after a brief winter slowdown in rising rents, tenants across the seattle region are back dealing with the same old discouraging story: rents are shooting right back up again.but there is some promising news: hot neighborhoods with lots of apartment construction are finally starting to see some slight rent relief, and a lot more building is on the way.a pair of new reports from the region’s two major apartment survey firms — dupre + scott and apartment insights washington — provide the first look of the year at the local rental market. the results were disappointing for renters, who had gained some optimism amid a record apartment construction spree and a report late last ye






after brief slowdown, seattle-area rents surge back up again; when will it end?


rents in seattle have now climbed 57 percent in the last six years, costing the average renter an extra $635 a month.after a brief winter slowdown in rising rents, tenants across the seattle region are back dealing with the same old discouraging story: rents are shooting right back up again.but there is some promising news: hot neighborhoods with lots of apartment construction are finally starting to see some slight rent relief, and a lot more building is on the way.a pair of new reports from the region’s two major apartment survey firms — dupre + scott and apartment insights washington — provide the first look of the year at the local rental market. the results were disappointing for renters, who had gained some optimism amid a record apartment-construction spree and a report late last ye






after brief slowdown, seattle-area rents surge back up again; when will it end?


rents in seattle have now climbed 57 percent in the last six years, costing the average renter an extra $635 a month.after a brief winter slowdown in rising rents, tenants across the seattle region are back dealing with the same old discouraging story: rents are shooting right back up again.but there is some promising news: hot neighborhoods with lots of apartment construction are finally starting to see some slight rent relief, and a lot more building is on the way.a pair of new reports from the region’s two major apartment survey firms — dupre + scott and apartment insights washington — provide the first look of the year at the local rental market. the results were disappointing for renters, who had gained some optimism amid a record apartment construction spree and a report late last ye






cannabis legalization set to boost warehouse rents in l.a., boston


industrial rents in already-pricey cities like los angeles and boston are poised to rise further thanks to one burgeoning industry: cannabis.






two studies show vallejo area remains nation’s hottest real estate market – the


the vallejo housing market is heading into the stratosphere, being pushed there by what’s happening to real estate in the rest of the bay area, experts say.two separate studies released this week show the vallejo area remains the nation’s hottest real estate market and that rents here are also sharply on the rise.“the steep rise in vallejo’s rents is likely a ripple effect caused by the expensive rents in san francisco,” said apartment list’s andrew woo. “as renters get priced out of san francisco, oakland, and berkeley they are moving to cities that are a little further away and less expensive. rents are increasing elsewhere in the east bay as well.”the most recent monthly report by apartment list, which tracks rent growth, median prices, and market trends, finds vallejo’s rents rising fa






rent hikes slow around the country, but surge again in seattle. what’s going on?


rents in the seattle area keep climbing, even though the city is getting a record number of new apartments and rents across the country have stopped growing.finally, after several years of punishing rent hikes, the pain is finally coming to an end for renters across the country.except in seattle.new reports show that rents throughout the seattle area continue to surge at among the highest rates in the country. meanwhile, other pricey cities like new york and san francisco are now seeing rents drop, while the average u.s. rent has basically remained flat.the typical rent in king and snohomish counties in the spring rose 4.6 percent from the winter, and grew 7.6 percent from a year ago, according to figures released tuesday by apartment insights washington, which surveys apartment owners eac






rent hikes slow around the country, but surge again in seattle. what’s going on?


rents in the seattle area keep climbing, even though the city is getting a record number of new apartments and rents across the country have stopped growing.finally, after several years of punishing rent hikes, the pain is finally coming to an end for renters across the country.except in seattle.new reports show that rents throughout the seattle area continue to surge at among the highest rates in the country. meanwhile, other pricey cities like new york and san francisco are now seeing rents drop, while the average u.s. rent has basically remained flat.the typical rent in king and snohomish counties in the spring rose 4.6 percent from the winter, and grew 7.6 percent from a year ago, according to figures released tuesday by apartment insights washington, which surveys apartment owners eac






in challenging times, mag mile retail rents stay among north america's highest


north michigan avenue storefronts still bring in some of the highest rents in north america, with new deals averaging $550 per square foot even amid volatile times for retailers.magnificent mile annual retail rents remained unchanged from 2016, according to the main streets across the world report by commercial real estate brokerage cushman & wakefield.the annual report, using leases completed through june of each year, measures retail rents at the most sought-after locations — also known as “high street retail” — throughout the world.mag mile rents had increased $25 per square foot over the previous year, before staying flat in the 2017 study.landlords typically view stagnant rents as a sign of weakness. but at this point, when traditional retailers are closing stores and struggling to co






tenants' attorney asked court to hold minneapolis landlord in contempt


a tenants' attorney has asked hennepin county district court to hold a new landlord in contempt for failing to turn over keys, financial records and other information to an independent administrator appointed last week to take control of five south minneapolis apartment buildings.the landlord, ricky misco, was found by district court housing referee japaul harris to lack a valid apartment rental license and to be collecting rents illegally on 69 units. he was ordered to refund rents for september, october and november to the tenants, and turn december rents over to the administrator.attorney michael cockson of faegre baker daniels, working pro bono for the tenants, said tuesday that misco has offered "no cooperation," nor turned over the money, which could total around $200,000. cockson fi






tenants' attorney asked court to hold minneapolis landlord in contempt


a tenants’ attorney has asked hennepin county district court to hold a new landlord in contempt for failing to turn over keys, financial records and other information to an independent administrator appointed by a housing referee last week to take control of five south minneapolis apartment buildings.the landlord, ricky misco, was found by district court referee japaul harris to lack a valid apartment rental license and to be collecting rents illegally on 69 units. he was ordered to rebate rents for september, october and november to the tenants, and turn december rents over to the administrator.attorney michael cockson of faegre baker daniels, working pro bono for the tenants, said tuesday that misco has offered “no cooperation,” nor turned over the money, which could total around $200,00






tenants' attorney asked court to hold minneapolis landlord in contempt


a tenants’ attorney has asked hennepin county district court to hold a new landlord in contempt for failing to turn over keys, financial records and other information to an independent administrator appointed last week to take control of five south minneapolis apartment buildings.the landlord, rickey misco, was found by district court housing referee japaul harris to lack a valid apartment rental license and to be collecting rents illegally on 69 units. he was ordered to refund to tenants rents for september, october and november, and turn december rents over to the administrator.attorney michael cockson of faegre baker daniels, working pro bono for the tenants, said tuesday that misco has offered “no cooperation” and has not turned over the money, which could total around $200,000. cockso






san diego average rent up slightly to $1,748 a month


the bad news for renters is rent keeps going up. the good news is the increases have slowed considerably.average rent reached $1,748 a month in san diego county at the start of march, increasing 8 percent in a year, said marketpointe realty advisors in a report released monday.despite the big yearly jump, the average rent rose just $5 a month in the last six months, or 0.29 percent.it’s unclear how important the modest increase is. on the surface, it would appear rent finally got too high. but, the report’s author says that’s probably not the whole story.russ valone, ceo of marketpointe, has been tracking san diego rents since 1988 and said while rent growth has clearly slowed, it’s not out of the norm to have a modest increase at the start of the year and a bigger jump by the end.his comp






five points has the highest rent in denver, but highlands ranch has highest aver


highlands ranch reported the most expensive median rent for two-bedroom apartments last month in the metro area, at $1,850, beating out denver at $1,730 a month, according to a report monday from apartmentlist.but within denver proper, the five points neighborhood reported the highest median two-bedroom rent at $2,130 a month, according to apartmentlist, a bay area company that aggregates online apartment listings.apartmentlist found that metro denver apartment rents are up a modest 1 percent year-over-year in march versus a 2.1 percent gain for colorado as a whole. centennial had some of the strongest gains, with a 7.6 percent increase in rents compared to a year earlier. median rents on one-bedrooms there ran $1,460 a month, while two-bedrooms were at $1,700.aurora showed a 3 percent gai






money pokey download


download download don't stop until we gotten all that money. get those coins. money pokey is a game about collecting coins. in the mysterious imagined land of pokey the sky coins pop in and out just ripe for the collecting. you know how they say, "money doesn't grow on trees" here they're up in the sky. test your reflexes with money pokey by collecting the coins and avoiding the spiky sky mines. fight back against those mines by collecting the reds to activate the sky mine sweeper. you might find things get trickier the longer you play and the longer you play the more money you'll get. get bragging rights and show off who can get the most money.






rents fall for first time in six years


image copyrightpathe average monthly rent for newly-let properties has fallen for the first time since late 2010, according to estate agency countrywide.the drop has been due to a big recent increase in the supply of properties becoming available, mainly in london.that was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect.the average new tenancy in england, wales and scotland fell 0.6% in the year to february, to £921 a month.the main factor was a big drop in rents in london and the south east of england.in the capital they fell by nearly 5% in the past year to an average of £1,246 a month, and in the south east of england they fell by nearly 3% to £1,152.everywhere else rental levels continued to rise."rents are growing in most of the country






rents fall for first time in six years


image copyrightpathe average monthly rent for newly let properties has fallen for the first time since late 2010, says the estate agency countrywide.the drop has been due to a big recent increase in the supply of properties becoming available, mainly in london.that was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect.the average new tenancy in england, wales and scotland fell 0.6% in the year to february, to £921 a month.the main factor was a big drop in rents in london and south east of england.in the capital they fell by nearly 5% in the past year to an average of £1,246 a month, and in the south east of england they fell by nearly 3% to £1,152.everywhere else rental levels continued to rise."rents are growing in most of the country but fal






rents fall for first time in six years


image copyrightpathe average monthly rent for newly let properties has fallen for the first time since late 2010, says the estate agency countrywide.the drop has been due to a big recent increase in the supply of properties becoming available, mainly in london.that was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect.the average new tenancy in england, wales and scotland fell 0.6% in the year to february, to £921 a month.the main factor was a big drop in rents in london and south east of england.in the capital they fell by nearly 5% in the past year to an average of £1,246 a month, and in the south east of england they fell by nearly 3% to £1,152.everywhere else rental levels continued to rise."rents are growing in most of the country but fal






chicago takes trophy for rising office rents


the bill for high-end office space in chicago rose almost 20 percent in 2016, the biggest increase in the u.s. and second-highest in the world.chicago's one-year jump is especially striking considering the city is typically known for less dramatic fluctuations in property values and rents than those seen in coastal markets such as new york and san francisco.the numbers help explain why developers continue drawing up plans, even though tenants just began moving into two brand-new towers along the chicago river.rents in chicago's newest and best-located office buildings rose to $38.84 a square foot in 2016, up from an average of $32.40 in 2015, according to a report from commercial real estate brokerage cbre.chicago's 19.9 percent increase for top-quality space was likely the result of sever






denver rents actually inch up as apartments rise at near-record clip – the denve


metro denver builders delivered a near-record number of apartments in the first three months of the year, but the new supply was absorbed without pushing rents down or driving up vacancies, according to the latest denver metro apartment vacancy & rent survey.“denver saw 3,246 new apartments delivered in the first quarter,” mark williams, executive vice president of the apartment association of metro denver, said in a statement.that’s the largest number of new apartments to hit the market in any first-quarter period, normally a slower time for leasing, and the highest quarterly total since the second quarter of 2002, when developers, responding to the dot-com boom, delivered a record 4,384 units.too many new apartments hitting the market in a short amount of time can depress rents as landlo






chicago takes trophy for rising office rents


the bill for high-end office space in chicago rose almost 20 percent in 2016, the biggest increase in the u.s. and second-highest in the world.chicago's one-year jump is especially striking considering the city is typically known for less dramatic fluctuations in property values and rents than those seen in coastal markets such as new york and san francisco.the numbers help explain why developers continue drawing up plans, even though tenants just began moving into two brand-new towers along the chicago river.rents in chicago's newest and best-located office buildings rose to $38.84 a square foot in 2016, up from an average of $32.40 in 2015, according to a report from commercial real estate brokerage cbre.chicago's 19.9 percent increase for top-quality space was likely the result of sever






as bay area rents rise again, hopes for affordability fade


not too long ago, bay area renters began to feel some relief. in the latter part of 2016, analysts described softening rents and, indeed, a plateau appeared to have emerged early this year.but here we go again.the cost of renting an apartment moved up in june across the region, according to a new analysis from apartmentlist.com, a website that tracks the national rental market.nationwide, the median rent for a two-bedroom apartment was $1,150, up 2.9 percent from a year earlier.most bay area cities were about double that, or more.here are a few highlights from the report.in san jose, the median monthly cost of a one-bedroom flat was $2,050, while a two-bedroom went for $2,570. month-over-month, that spelled a 1 percent increase, while the year-over-year increase was 2.2 percent.in oakland,






southland apartment rents to keep climbing, report predicts


southern california apartment rents are expected to get even pricer over the next two years, as demand increases along with job growth, a report released wednesday said.in los angeles county, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. in 2019, rents are expected to climb another 3%, to $2,373, according to the annual usc casden real estate economics forecast.similar increases are expected in orange county, where the average rent is expected to rise to $2,157 in 2019.so far this year, rent growth has actually slowed in both counties. averages in the second quarter rose 1% over the previous year, compared with the 6% and 5% increases seen in 2016.richard green, director of the usc lusk center for real estate, said that slowdown probably reflects a flood o






as bay area rents rise again, hopes for affordability fade


not too long ago, bay area renters began to feel some relief. in the latter part of 2016, analysts described softening rents and, indeed, a plateau appeared to have emerged early this year.but here we go again.the cost of renting an apartment moved up in june across the region, according to a new analysis from apartmentlist.com, a website that tracks the national rental market.nationwide, the median rent for a two-bedroom apartment was $1,150, up 2.9 percent from a year earlier.most bay area cities were about double that, or more.here are a few highlights from the report.in san jose, the median monthly cost of a one-bedroom flat was $2,050, while a two-bedroom went for $2,570. month-over-month, that spelled a 1 percent increase, while the year-over-year increase was 2.2 percent.in oakland,






bucking the luxury housing trend, $500m in new apartments aim to help seattle’s


two seattle firms are putting $500 million into building “workforce apartments” rather than the luxury units now sprouting all over. spectrum development and laird norton partners will focus on areas like first hill and pioneer square where rents are becoming out of reach.seattle’s record apartment construction boom almost exclusively has produced luxury buildings — the kind with $2,000 rents accompanied by concierge services, high-end appliances and yoga rooms. that’s left a huge void for middle-class renters looking for regular housing.now two seattle companies are making plans to put $500 million into building new apartments aimed at firefighters, teachers and other midlevel workers.spectrum development and the investment firm laird norton partners say they will build at least 1,000 new






bay area rents tracked for san francisco, san jose, oakland


bay area rent trends are religiously tracked by a host of analysts. most say the market is generally softening, though others lately have noticed an uptick on a month-to-month basis.so factor this into the discussion: a 2017 mid-year rent trends report from abodo, an apartment listings website, has rents tailing off slightly in san francisco (down 1.2 percent) and san jose (down 1.8 percent), while increasing a tad in oakland (up 0.5 percent). for each market, abodo has averaged the median rents for one-bedroom apartments across the first six months of 2017.don’t get too excited, though. according to abodo, san francisco remains the costliest market in the country with one-bedroom flats typically renting for $3,240. san jose is the nation’s third most expensive market (the median rent is $






silicon valley office market falters while subleases surge


san jose — mergers and acquisitions have sapped some strength from silicon valley’s office market, which is confronting increased subleases and vacancy levels, according to a new report.despite the trend, developers have stuffed the pipeline with a considerable amount of proposed new office projects in santa clara county and nearby areas, according to the report released by the silicon valley institute for regional studies and jll, a commercial realty brokerage that also is known as jones lange lasalle.about 11 million square feet of commercial real estate space was under construction during the april-through-june period of this year.of that amount, 85 percent, or 9.4 million square feet, was office space, the report stated. another 2 percent was research and development space and 13 perce






rents rise for l.a. office tenants despite an increase in the vacancy rate


premium new office space coming onto the rental market is increasing average rents in los angeles county — even as it has driven up the vacancy rate.typically, a supply increase of available offices puts downward pressure on rents. but the recently completed wilshire grand in downtown los angeles and the pen factory in santa monica are lifting average rents sought by landlords, according to market observers.“what’s coming online is premium space commanding premium dollars,” said eric kenas, the local head of research for real estate brokerage cushman & wakefield.rents at the pen factory, a 1950s papermate pen manufacturing plant that was turned into offices this year, are close to $5 per square foot per month.the owners of wilshire grand, a recently completed hotel and office skyscraper, a






uae begins collecting 'sin' taxes on tobacco, energy drinks


dubai, united arab emirates — the united arab emirates has begun collecting new "sin" taxes on tobacco products, energy drinks and soft drinks.beginning sunday, tobacco and energy drinks will be taxed at 100 percent and soft drinks at 50 percent. shoppers could be seen stocking up the day before.the new tax push comes as the uae and other oil-rich gulf nations have struggled with low global energy prices. the uae will start collecting a 5-percent value-added tax on certain goods in january.all six members of the gulf cooperation council have agreed to begin collecting so-called vat taxes, though others may begin later than january. the gcc includes bahrain, kuwait, oman, qatar, saudi arabia and the uae.






uae begins collecting ‘sin’ taxes on tobacco, energy drinks


dubai, united arab emirates (ap) — the united arab emirates has begun collecting new “sin” taxes on tobacco products, energy drinks and soft drinks.beginning sunday, tobacco and energy drinks will be taxed at 100 percent and soft drinks at 50 percent. shoppers could be seen stocking up the day before.the new tax push comes as the uae and other oil-rich gulf nations have struggled with low global energy prices. the uae will start collecting a 5-percent value-added tax on certain goods in january.all six members of the gulf cooperation council have agreed to begin collecting so-called vat taxes, though others may begin later than january. the gcc includes bahrain, kuwait, oman, qatar, saudi arabia and the uae.most read storiesunlimited digital access. $1 for 4 weeks.






in silicon valley, even mobile homes are getting too pricey for longtime residen


by tracey lienmay 4, 2017 | reporting from sunnyvale, calif.judy pavlick outside her mobile home in the plaza del rey park. she is leading a rent control campaign in sunnyvale, calif. (david butow / for the times)during the last week of march, apple reached a record market value of $754 billion, google tweaked a policy to protect its $22-billion-a-quarter advertising business and yahoo inched toward closing a $4.83-billion sale. meanwhile, judy pavlick drove around her sunnyvale, calif., mobile home park collecting plastic bottles and empty drink cans to save her future.at a recycling rate of 5 to 10 cents a bottle, the 70-year-old’s attempt to raise $10,000 to campaign for a rent control measure seemed like a long shot. but living in the heart of silicon valley — where rents keep soaring,






mcdonald’s accused of gouging franchisees on $3 billion rent – the denver post


by erik larson,bloomberg newsmcdonald’s should be investigated for gouging franchisees on rents and deceiving them about how the amounts are calculated, a labor union said in letters to two attorneys general.the biggest u.s. fast-food chain collected more than $3 billion in rent from franchisees in the country in 2015, more than a third of its u.s. revenue that year, the service employees international union said tuesday in a statement.the rents are calculated in a secretive process that violates state law in california and illinois, said the union, known as seiu. that’s making it harder for the franchisees to pay higher wages, the union said.the labor group asked california attorney general xavier becerra and illinois attorney general lisa madigan to subpoena mcdonald’s for information ab






landlords are struggling to price their apartments at the right rate in metro de


metro denver landlords are cutting their advertised rents at one of the highest rates in the country, while area home sellers are tracking with the national average in getting the initial price right, according to a study from real estate website trulia.of the metro denver rental listings that trulia tracked for the 12 months through april 30, 18.5 percent had a reduction in the originally listed rent, up from 16.3 percent the prior year.that rent reduction ratio ranked third highest after san jose at 20.1 percent and san francisco at 19.8 percent out of 100 metro areas that trulia tracked. boston; fresno, calif., and new york’s long island had the lowest rates of rent readjustments, all under 5 percent.but rent reductions don’t mean low rents. san francisco and san jose have some of the h






in the valley, tech firms use homes as tech labs


in silicon valley, the house next door might not be full of techies, but it could be stuffed with tech products.up in the east san jose hills, where suburban developments give way to isolated homesteads, netgear rents a house where it tries out equipment to make sure it’s ready for market.  nestled into a residential neighborhood in menlo park, startup plume rents a new two-story house to test its wi-fi system. on communications hill in san jose, kb home has a model house to show off the smart home products customers can get preinstalled. and startup abode uses three homes rented by its co-founders as its labs.above: this living room and kitchen at a model home at the promenade at communications hill in san jose by kb home features smart devices that can be controlled using a smartphone or






uncovering japan’s capital of hidden, indie boutiques


hidden within trashed buildings and rattling underneath raised subway tracks here are tiny experimental shops that emphasize creative merchandising over commerce. they are swathed in pink satin, or use suspended tree branches as clothing racks and sell a random mix of vintage, new and retooled thrift items — turning humble scraps into cabinets of aesthetic commerce.osaka’s fashion scene is often overshadowed by tokyo. the capital, though, is not the whimsical destination it once was — as fashionable neighborhoods experience escalating rents, more and more stores are being pushed into suburban districts.rents in key tokyo shopping districts escalated as much as 25 percent in 2016, according to data pooled by cushman & wakefield. the firm estimates that rents in tokyo’s prime areas are 60 pe






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this is our look at president trump's administration and the rest of washington: