Entries tagged “Real Estate”
Insight Susan F. Klein · May 02, 2019
News July 10, 2018
Jun 19, 2018 12:00PM - 1:30PM PSTRimon International Transactions Partner, Juan Zuniga, will present at Withers Bergman LLP on the main considerations for investment in real estate in Mexico. This presentation will be helpful to estate and trust professionals (including but not limited to attorneys, accountants, trust officers, and other providers of ancillary services in the
Mar 21, 2018Rimon is proud to sponsor "The Real Estate Mexico California Meeting" which will bring together some of the most important real estate investment vehicles, institutional allocators and private wealth investors that are actively investing and developing across California and Mexico. Join more than 300 leading Mexico- and California-based private equity
Insight Dror Futter · January 05, 2018
News January 22, 2015
Rimon represents Catellus Development and co-lead investor in recapitalization and financing of Chileno Bay development in Los Cabos, Mexico
News October 01, 2014
Insight June 25, 2010
On June 23, the Obama Administration approved $1.5 billion in "Hardest Hit Fund" foreclosure-prevention funding for state Housing Financing Agencies. The funding is meant to support struggling homeowners in Arizona, California, Florida, Michigan, and Nevada.
President Obama established the "Hardest Hit Fund" in February 2010 in order to provide aid to those most affected by the housing downturn. This recent approval will assist struggling homeowners with negative equity through principal reduction, assist some individuals with mortgage payments, facilitate the settlement of second liens, facilitate short sales and/or deeds-in-lieu of foreclosure, and assist in the payment of arrearages.
The full press release from the Department of the Treasury is available here.
Insight February 23, 2010
Investors and analysts complain that it is difficult to compare the financial positions of two entities with similar leases because financial statements often do not clearly show the effects of operating leases. They claim that tenants under operating leases get a source of unrecognized financing.
A 2005 Security and Exchange Commission report criticized the accounting treatment of operating leases that permits over a trillion dollars of liabilities to remain “off-balance sheet” and called for the Financial Accounting Standards Board (the “FASB”) to work with the International Accounting Standards Board to revise accounting standards to “transparently and consistently” reflect the underlying economics of leases. As a result, the FASB has proposed sweeping new real estate accounting standards. If these changes take place, they will affect current operating leases, not just future transactions, and affect each tenant’s bottom line.