Hobby Lobby has signed a lease to occupy a space in Clovis, and shoppers can expect a fall opening.
The retail craft giant will fill the vacated Toys R Us location at 1425 Shaw Avenue, according to Andy Haussler, economic development director for the City of Clovis, who estimated the opening later this year.
Fresno’s newest Ace Hardware store — formerly an Orchard Supply Hardware — should be opening by the end of next week.
A grand opening is slated for July.
Located at 1536 E. Champlain Drive, the Ace Hardware store should eventually create 50 new jobs. It is the second Ace Hardware to open in a former OSH location in the Central Valley after the chain, owned by Lowe’s, closed earlier this year.
When it comes to issues related to capital gains taxes associated with the sale of real estate, there are two primary provisions of the tax code that apply, IRC Section 1031 and IRC Section 121. Many people are unaware that when a property is used as a personal residence as well as for business or investment purposes, it is a mixed-use property that can benefit from both provisions of the tax code at the same time.
In 1919, Oliver Wendell Pearson arrived in Fresno to visit his brother and, together, they bought a ranch. Seeing firsthand the developing business of agriculture, Mr. Pearson noted the need for a realty company that would specialize in marketing and selling farm and ranch property. The O. W. Pearson Company would later become Pearson Realty. The core principles of the firm reflect Mr. Pearson’s personal beliefs in honesty, trust, reliability and positive results.
Today the stockholders, agents, brokers, and staff adhere to the founding principles—to continue a tradition in trust since 1919.
The California bullet train authority, despite spiraling cost increases, schedule delays and technical snafus over the last five years, told the Legislature on Wednesday it has a solid plan to build an operating segment in the Central Valley that would economically transform the region.
In this real estate market where financing is sometimes not readily available, sellers who are motivated to sell may offer to finance a portion of the purchase price. At the closing, the buyer deposits some cash and signs a seller carryback note for the balance. If structured as an installment sale under IRC Section 453, the seller pays tax on any gain as the payments are received rather than paying tax on the gain in the year of sale for the entire purchase price.
What’s the big deal about investing in commercial real estate investing?
Exchangeable Assets, Like-kind Requirement, and Identification Period – Farmer/Investors interested in selling a farm or ranch using a like kind exchange also know as a 1031 exchange should focus on the particular property being sold and purchased in order to maximize various tax tools including the amount of capital gain that they will be able to defer. Understanding the different tax tools can help investors maximize their tax saving and the amount available for re-investment.
This is the eight time the Federal Reserve has raised interest rates since 2015 with the interest rates now at 4.6%.
This is bad news for consumers who borrow and good news for consumers who save.
When the interest rates rise, it means that the borrower has higher costs. It affects the economy across the nation and tends to influence the set rates for credit cards and other borrowing methods.
If you have a loan with a variable rate, you need to keep an eye on it. As the Federal interest rates go up, variable interest rates on credit cards, home equity line of credit, adjustable-rate mortgages, and even student-loan variable rates will follow suit.
Greg McBride, the Chief Financial Analyst for Bankrate.com, recommends that borrowers should pay off their credit card debt as quickly as possible. All consumers should find credit cards that offer 0% interest rates for 18 months.
If you have a home equity line of credit, ask lenders if you can set a fixed interest rate on the outstanding balance. Keep in mind that it’s not always an option.
If you have an adjustable-rate home loan, you should refinance right away to a fixed rate. It may be currently higher than your current adjustable rate, but rates are expected to keep rising so it would be lower in the long run.
If you’re in the process of buying a home, lock into the fixed interest rate as soon as possible before it rises again.
Deposit rates for savings accounts and CDs usually rise and fall with the federal interest rate. McBride pointed out that for the first time in over a decade, savers are able to earn a profit from their savings account that keeps up with inflation.
Federal rates are expected to continue rising with one more rate hike in 2018 and 3 rate hikes scheduled for 2019.
Federal rates rise to prevent the economy from growing too fast and keep prices from drastically rising.
Real estate in Fresno County is strong and expected to continue its steady streak this year, according to a panel of local experts at the 2017 Fresno County Real Estate Forecast.
The industrial sector still leads commercial real estate. Home prices continue to rise at a healthy rate while interest rates remain low. And despite a rash of store closures, retail remains hot with new concepts and “retailtainment” hitting the area. Yes, retailtainment. More on that later.
