Commercial real estate investors in California may now have a chance to own a share in Hilton Worldwide hotel chains. On Feb. 26, Hilton Worldwide announced that it would be creating a publicly traded real estate investment trust by spinning off a majority of its real estate holdings. Hilton Worldwide will spin off its hotel chains, which include Conrad and Waldorf Astoria hotels, as well as its timeshare business, Hilton Grand Vacations.
In mid-February, Morgan Stanley analysts issued a prediction that the commercial real estate market in California and across the United States would post a growth rate of zero percent in 2016. The opinion was surprising because the firm previously forecast that prices would grow 5 percent this year, and the market has shown explosive growth in recent years, exceeding its pre-financial crisis highs.
Business owners in California and around the country face some of their most important decisions during the nascent stages of their commercial ventures. Opting to form a corporation, partnership or LLC can have significant liability and tax ramifications, and choosing between leasing and buying a commercial property is another major decision.
Many people believe that they can make it rich with real estate, and it is possible, but it may be harder than expected. If a person has decided to make money buying and selling this type of property, it's important to avoid making several mistakes. Some common errors are failing to understand how hard it is to find a bargain or where to look to find good deals and paying too much for a property.
The sizable returns offered by real estate investments can be extremely alluring to California entrepreneurs who are used to fighting for every customer and every sale in one of the nation's most competitive markets. However, the decisive and sometimes impulsive personality type so common among successful business owners is not really suited to the slower-paced and more pragmatic world of property speculation.
Finding the right house when one is in the market can be challenging. One thing that can be very important when house hunting is having access to the right information. There are a variety of different sources individuals can go to for information during a house hunt. These days, one such source is their mobile device.