Paradigm Tax Group Industry News

Paradigm Tax Group Industry News

Stay informed with the most current Industry News that affects your business and impacts property taxes across the nation.

    Cassidy Turley to Lease $68M Mixed-Use

    31 Aug, 2010

    According to GlobeSt.com, The University of Cincinnati, through its Clifton Heights Community Urban Redevelopment Corp., is funding a $68 million mixed-use development right near campus in...

    Mid-America Buys Dallas Apartments for $31.25M

    30 Aug, 2010

    Expanding on their current acquiring trend in 2010, Mid-America Apartment Communities Inc. purchased Times Square at Craig Ranch, a 313-unit apartment community in Dallas, Texas, for $31.25 million....

    Commercial Real Estate Trials Remain; Kansas City Industrial Vacancy is Low

    27 Aug, 2010

    The National Association of Realtors has stated that commercial real estate remains hard-hit by the recession which opens up many benefits towards business expansion. Vacancy rates are beginning to...

    628-Unit Creekside Meadows Apartments Trades

    26 Aug, 2010

    Creekside Meadows Apartments in Tustin, California has been sold by Creekside Meadows Development LLC according to brokers from Hendricks & Partners who were the listing agents on the sale. The...

    Omni Bids $67M for Florida Resort

    25 Aug, 2010

    Irving, Texas-based Omni Hotels & Resorts has a $67.1 million bid out to acquire the luxury Amelia Island Plantation resort located 29 miles north of Jacksonville, Florida. The resort is currently in...

    Edwards Cos., Kayne Anderson Close $40M Loan for U of L Dorm Project

    24 Aug, 2010

    The Edwards Cos. along with the private-equity real estate fund Kayne Anderson Real Estate Partners has successfully refinanced the mortgage loan on The Province of Louisville, a University of...

    Urban Retail Adds Five Mall Properties

    23 Aug, 2010

    Chicago, Illinois-based Urban Retail Properties, LLC, via their third-party management division, has taken on two mall portfolios totaling about 3.5 million square feet. According to GlobeSt.com, the...

    Comfort Suites in Lake George Files for Bankruptcy to Stall Foreclosure

    20 Aug, 2010

    The Comfort Suites in Lake George, New York recently filed for Chapter 11 bankruptcy protection in an effort to stop the foreclosure process. The hotel will remain open and operating while it...

    Amazon Picks Phoenix over Lewisville for Big Distribution Center

    19 Aug, 2010

    The Seattle, Washington-based Amazon.com has chosen Phoenix, Arizona over Lewisville, Texas for a 1-million-quare-foot warehouse/distribution center building. The building will open in Phoenix in...

    Goodyear-Wingfoot Plant Sells for $1.5M

    18 Aug, 2010

    According to the Denver Business Journal, the Goodyear-Wingfoot tire-retreading plant in Denver, Colorado has been sold for a reported $1.5 million to the current remaining tenant, a tire company....

    MRP Realty, Rockpoint Group buy Plaza East

    17 Aug, 2010

    MRP Realty and Rockpoint Group have finished off a deal to purchase Tishman Speyer's Plaza East project located at 14291 and 14295 Park Meadow Drive in Chantilly, Virginia. The two...

    Hanley Markets Three Retail Centers for $112M

    16 Aug, 2010

    California based Hanley Investment Group has been selected to market three Southern California-based shopping centers owned by DSB Properties Inc. totaling more than 507,000 square feet with an...

    Smyrna Apartment Complex Fetches Unusually High Price-Per-Unit

    13 Aug, 2010

    Verandas at Sam Ridley, a gated apartment community in Smyrna, Tennessee, have been bought by Memphis-based Mid-America Apartment Communities for $32 million. According to the Nashville Business...

    Ram, Square Mile JV Buys $150M Portfolio

    12 Aug, 2010

    Palm Beach Gardens-based Ram Realty and New York-based Square Mile Capital Management have formed a joint-venture to acquire non-performing loans totaling approximately $150 million. According to...

    Sea Island Files Chapter 11

    11 Aug, 2010

    The Georgia resort Sea Island Co. has fallen casualty to the real estate crash this week when it filed for Chapter 11 bankruptcy, citing 1,000+ creditors that are owed up to $1 billion. According to...

    Investor Interest Grows for Six Flags Mall

    10 Aug, 2010

    A private investor group from California has recently acquired the 162,000-square-foot former Macy's building at Six Flags Mall in Arlington, Texas. According to GlobeSt.com, the same firm is in...

    Shoma’s Park Square at Doral Faces Foreclosure

    9 Aug, 2010

    According to the South Florida Business Journal, a sizeable piece of Shoma Development Corp.'s Park Square at Doral mixed-use project is targeted for foreclosure. The lawsuit filed by Wells Fargo...

    State Reviewing Property Tax Breaks for 10,000 Businesses to Raise Additional Education Funding

    6 Aug, 2010

    About 10,000 businesses all across the state of Michigan could be in line for an increase in property and business taxes, according to the website mlive.com. The effort, that is meant to ensure that...

    National Retail Properties Expects Active Second Half

    5 Aug, 2010

    National Retail Properties Inc., a REIT that owns 1,000+ properties in 43 states, is expecting their acquisitions to pick up significantly during the second half of the year after a slower than...

    Denver-Area Apartment Vacancies at 2-year Low; Rents Up

    4 Aug, 2010

    The Colorado Division of Housing reports that Denver's apartment market had a strong showing in Q2, with a decrease in vacancy rate and an increase in rental rate. The vacancy rate dropped...

    Gulf Oil Spill Impacts Property Values

    3 Aug, 2010

    Coastal property values from Texas to Florida are being severely impacted by the oil spill in the Gulf of Mexico. Losses stemming from lack of tourists coming to commercial properties are beginning...

    Kansas City-Area Shopping Center Vacancy Tops 12 Percent

    2 Aug, 2010

    Lane4 Property Group just issued a quarterly report that shows vacancies at Kansas City, Missouri-area shopping centers stayed above 12% in the second quarter of 2010. The vacancy rate of 12.1% is up...

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