Self-storage company Public Storage is buying National Storage Affiliates in an all-stock deal worth about $10.5 billion. National Storage has more than 1,000 properties, 69 million rentable square feet, and 550,000 units across 37 states and Puerto Rico. Public Storage said Monday that the acquisition will help expands its exposure to markets that are poised for strong long-term growth based on demographic trends, including the Sun Belt region.
Buying your first rental property is a milestone. Building a portfolio of properties is a different challenge altogether. Once you own multipl…
In a rare bipartisan effort for a deeply divided Congress, the Senate has passed a broad bill to make U.S. housing more accessible and affordable. The bill passed on Thursday would reduce regulations, regulate corporate investors and expand how housing dollars can be used to build affordable homes and rentals. It now heads back to the House, which passed a separate version earlier this year. It is unclear whether President Donald Trump would sign it after declaring last weekend that he won't sign any new measures unless Congress passes legislation that would require voters to show proof of citizenship.
Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.
Half Moon Bay’s financial outlook is slowly but steadily looking up, with revenue for the current fiscal year outperforming expectations and i…
I bought my kids some San Francisco Mint gold coins last October as a keepsake, something they could hold onto for a long time and give to the…
Belmont is staying cautiously optimistic over its current $1.2 million surplus due to plateauing sales tax, uncertain state reimbursements and…
Half Moon Bay’s financial outlook is slowly but steadily looking up, with revenue for the current fiscal year outperforming expectations and i…
In San Mateo County, we often talk about the “price of paradise.” We see it in our bustling downtowns, rising cost of everyday items, and, mos…
