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QUAD - Also See: Quadrant.

QUADRANGLE - In the Government Survey method of describing real property, a square area of land 24 miles square (24 miles on each side or 576 square miles), containing 16 Townships (six miles square) or 576 Sections (one mile square).

QUADRANT - (1) quarter section of a circle. (2) One of the quarters created by two intersecting roads or streets.

QUALIFIED FEE ESTATE - ownership interest in real property that is not absolute. Also See: Defeasible Title; Fee Tail.

QUALIFIED INTERMEDIARY - party that facilitates the exchange of property to meet the requirements of IRS Code Section 1031. To be "qualified" the party must not be related to the taxpayer and have no interest in the property. Section 1031 sets out the full requirements. The party is also commonly called an Accommodator or Facilitator.

QUALIFYING RATIOS - Guidelines used by lenders to determine how much of a loan a home buyer qualifies for. Often referred to as debt-to-income ratios (or DTI). Also See: Debt Ratio.

QUANTITY SURVEY METHOD - Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.

QUARTER - Also See: Quarter Section.

QUARTER ROUND - molding which, in cross-section, resembles a quarter circle.

QUARTER SECTION - One quarter of a section. A quarter section (commonly called a quarter) contains 160 acres.

QUASH - To abate, annul, overthrow, vacate, void.

QUASI - Similar to but intrinsically different.

QUASI CONTRACT - contract created by operation of law where no actual contract exists. The purpose is to avoid unfairness and create a remedy for the injured party.

QUAY - wharf used for loading or unloading ships.

QUESTION OF FACT - Question as to what actually happened. Determined by physical evidence and decided by a jury in a jury trial.

QUESTION OF LAW - Given the facts, what laws, if any, are applicable; decided by a judge, even in a jury trial.

QUICK ASSETS - Also See: Liquid Assets.

QUIET ENJOYMENT - Also See: Covenant of Quiet Enjoyment.

QUIET TITLE - Also See: Action To Quiet Title.

QUIETUS - Final disposition of a claim or debt.

QUITCLAIM DEED - deed operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title in the grantor.

QUOIN - Also See: Coign, Coigne

Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 


Daily Oil & Gas and Wall Street Journal News
4/21/18

Kazakhstan to Slash Heavy Oil Exports as it Goes Upmarket
Posted on Thursday April 19, 2018

The Central Asian country's oil refineries could reduce fuel oil exports by around 35 percent this year.

Indonesia Compensates Pertamina with Oil Block Handover
Posted on Thursday April 19, 2018

Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.

East Coast Booms on Export Demand for Diesel, Heating Oil
Posted on Thursday April 19, 2018

Latin American buying has helped drive strong export flows and bolster refinery margins.

Japan Carbon Capture Site Shows Promise for Industrial Use
Posted on Thursday April 19, 2018

A test site in Japan for burying CO2 below the seabed off Hokkaido island is showing more promise than other CCS projects, its developer says.

Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Posted on Thursday April 19, 2018

Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.

Petrobras Is Said to Receive Three Bids for Natural Gas Unit
Posted on Thursday April 19, 2018

etrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system, said people knowledgeable on the matter.

Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
Posted on Thursday April 19, 2018

Oil rose for a second straight week.

Norway's Odfjell Drilling to Expand Fleet as Rig Market Recovers
Posted on Thursday April 19, 2018

Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday.

Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes
Posted on Thursday April 19, 2018

Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.

Oil Major Total's CEO Says Will Not Give Up on Venezuela
Posted on Thursday April 19, 2018

"Despite all the difficulties, Total remains in Venezuela," said CEO Patrick Pouyanne.

Wall Street Journal
Commercial News

4/21/18

WSJ.com: Commercial Real Estate

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

New Jersey Office Rents Near Records
Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn?t already own, according to people familiar with the matter.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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