Understanding Conveyancing Fees

We are also concerned that stamp duty relief cuts out at $250,000 when the median house price in Adelaide is exactly that according to the latest statistics, says REISA President, Robin Turner. He says REISA is not happy that the maximum concession applies for a property of $150,000 $100,000 less than the current median price.

The conveyancing also, this amount is not subject to annual review so if property prices continue to rise, first homebuyers will be left out in the cold again. More growth in the property market is something the State Government has taken into account, at least in its revenue estimates for 2003-04, revising them upwards to reflect continuing strength in the property market impacting on stamp duty and land tax receipts.

REISA would have liked to see full stamp duty exemptions for first homebuyers up to the current median house price, with phased exemptions applying for property over $250,000. In its budget the state government also made a token gesture on Land Tax, introducing instalment and credit card payment options while the budget predicts a $64 million increase in land tax receipts reflecting increases in site values, bringing land tax receipts up to around $269m for 2004-05.

PARSIPPANY, NJ-Cadbury Schweppes has subleased 136,000 sf of office space at Morris Corporate Center IV here, GlobeSt.com has learned. The British-based soft drink maker will move its North American headquarters here from multiple locations in the tri-state area, notably Stamford, CT and Rye Brook, NY.

The deal was arranged for the sublandlord, pharma giant Sanofi-Aventis, by Daniel J. Loughlin and Thomas J. Stanton III, managing principals in the New Jersey office of the Staubach Co., Murray Hill. SJP Properties, based here, owns Morris Corporate Center IV, a 700,000-sf, 35-acre complex built in two phases.

The initial 350,000-sf first phase was built in 1999 and fully leased to what was then Aventis Pharma. That company was acquired last year with the backing of the French government by smaller rival Sanofi-Synthelabo, and the renamed Sanofi-Aventis opted for another Aventis location in Bridgewater, NJ as its North American HQ.

Analysis of the Real Estate Commercial Property

The local space, amounting to 350,000 sf, was freed up and placed on the sublease market as a result of the merger. The Cadbury Schweppes signing marks the second big catch for Staubach in its effort to fill the space for Sanofi-Aventis. Earlier, the firm signed Reckitt Benckiser N.A. to 140,000 sf, and overall, about 50,000 sf, including a 6,000-sf data center, remains available for sublease, according to Loughlin.

We are progressing to the final stage of this corporate property disposition, Loughlin tells GlobeSt.com. “From the outset, our marketing strategy focused on tenants with sizable requirements, and with an appreciation of the building’s unique two-pod design.
Property Conveyancing Brisbane “The addition of Cadbury along with Reckitt Benckiser, both in separate building pods, creates two distinctive corporate headquarters environments,” Loughlin continues, “But it also allows both occupants to share the existing amenities originally developed in the building.

For Cadbury Schweppes, the move also places two of its chief North American units in very close proximity. Cadbury Adams, the company’s candy and gum division, is getting set to move into a new 150,000-sf office and technology center just down the road in Hanover Twp. As reported by GlobeSt.com, Capital Lease Funding of New York City recently bought the under-construction building from the Archon Group for $48 million, or about $320 per sf.

A host of larger cities and a coalition of smaller cities have submitted bids to host the California Institute of Regenerative Medicine, a new entity created to dispense $3 billion in stem cell research money approved by voters under Proposition 71 in November. Los Angeles, San Diego, Sacramento, San Francisco, San Jose, Emeryville and the San Mateo County Economic Development Association all submitted bids before Wednesdays deadline.

The bids were submitted this week to the institutes Sacramento-based site selection committee. Committee officials will review the options and on April 22 select its first choice and a runner up. The final choice will be made May 6. The institute is expected to open its permanent headquarters in July. The bid requirements called for 17,000 sf of low- or no-cost office space to be provided for 10 years, at least 40 spaces of free parking and low-cost meeting and hotel facilities.

The institute states that these are minimum requirements, which could mean the additional benefits will decide the winner. As part of San Franciscos bid, Stockbridge Capital partners is offering to provide 20,000 sf of new office space across from SBC Park in Mission Bay (250 King Street) and provide it turnkey and free of charge to the institute for 10 years. In addition, Joie de Vivre Hospitality and Kimpton Hotels are offering more than 2,500 free room nights and additional 14,000 discounted room nights valued at $1 million, and Gensler Architects and general contractor Hathaway Dinwiddie also are offering free services.

Evolving Employment Regulations in the US

As part of the package, the City of San Francisco is offering to link the institute to its fiber optic network and provide free or low cost lab and conference space on the San Francisco General Hospital campus. By Thursday morning, San Francisco was the only city that had posted its full proposal on its Web site as requested by the institute.On the City of Los Angeles Web site, a letter from its mayor detailed the major components of its proposal: free Downtown office space in City National Plaza, free meeting space at the Los Angeles Convention Center, occasional use of a private corporate jet and $1 million in foundation grants.

San Diego is reportedly offering free rent for 10 years in view space in the citys biotech hub, as well as free grant-making consulting services from companies that work with the National Cancer Institute. San Joses bid reportedly includes the option to choose from two sites, one near the airport and the other downtown.In addition, it is said to include free conference center use, discount furniture, interior design services, and free or discounted hardware and software equipment from Silicon Valley companies such as Hewlett-Packard conveyancing experts, city of Emeryville and Wareham Development, which owns about 1 million sf of lab space in the area, have plans to keep the headquarters in Emeryville.

According to published reports, their offer includes free rent as well as a promise to support the biotech industry by speculatively developing a four-story, 200,000-sf laboratory and office building on a 2-acre parcel it is acquiring east of EmeryStation near Hollis and Powell streets. The City of Sacramento is offering free rent in a building at One Capital Mall and $800,000 in tenant improvements in cooperation with the building owner, the Tsakopoulos family.

In addition, the city will provide 40 parking spaces, free convention and meeting facilities, and discounts on hotel accommodations, office equipment and furniture, a city spokesperson tells GlobeSt.com. ATLANTA-Duke Realty Corp.s 13-year-old client relationship with Switzerland-based Leica Geosystems has resulted in a 10-year, 80,000-sf lease in a 100,000-sf building Duke bought just to accommodate Leicas requirements.

Duke officials declined to disclose the value of the leasing transaction but area brokers familiar with the suburban Norcross submarket tell the deal is in the range of $16 million. Duke will lease the remaining 20,000 sf to other tenants at a gross asking rent of $19.50 per sf.

That initial lease grew to 50,000 sf Leica currently occupies. Duke Construction, a division of Indianapolis-based Duke Realty Corp., is handling renovations on the 100,000-sf building which is expected to be ready for occupancy early in the second quarter. LOS ANGELES-The buyers of a 109,000-sf land parcel at the corner of Wilshire Boulevard and Hoover Street plans to build a 22-story condo tower with ground floor retail space at the Koreatown site, according to Lee & Associates.