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.

    Commercial Property Outlook Good, Not Great

    30 Sep, 2010

    While results won't be dramatic, an improving employment picture and a more positive outlook by private-sector employers will boost the North Texas commercial real estate market in 2011. According to...

    Hilton Buys Hotel at Disney for $127.2M

    29 Sep, 2010

    Hilton Worldwide recently bought the Hilton at Walt Disney World Resort for $127.2 million from Tishman Hotel & Realty LP. According to the Orlando Business Journal, the hotel has 814 rooms, 74,000...

    Marion County (Indianapolis) 2010 Assessment Notices

    28 Sep, 2010

    Within the next two weeks, Marion County (Indianapolis) is expected to begin sending out March 1, 2010 (payable in 2011) real property Assessment Notices. Property owners should take note that as the...

    BioMed Agrees on $298M Life Science Buy

    27 Sep, 2010

    San Diego, California-based BioMed Realty Trust Inc. has signed an agreement to buy two life science campuses in San Francisco from Chamberlin Associates for $298 million. The first campus,...

    Meadowbrook Golf & Country Club Sells to Caymus Real Estate

    24 Sep, 2010

    Kansas City, Missouri-area Meadowbrook Golf & Country Club Inc. has been sold to Caymus Real Estate LLC which will keep it open as a full-service private club. The deal was closed rapidly, about five...

    Blockbuster Files for Ch. 11

    23 Sep, 2010

    Dallas, Texas-based Blockbuster has filed for Chapter 11 bankruptcy in order to secure $125 million in debtor-in-possession financing to help the company maintain operations through the...

    Office Sales Come Easier This Year

    22 Sep, 2010

    Since the $48 billion office investment sales market height of 2007, New York City has steadily decreased in office sales up to hitting an historic low point last year. Good news is, according to...

    N. Austin 256-Unit Complex Open Next Month

    21 Sep, 2010

    A joint venture between Colorado-based Archstone and New York-based Bluerock Real Estate LLC has developed a 256-unit luxury apartment complex in North Austin, Texas. According to the Austin Business...

    KBS Closes on $208M Union Bank Plaza Buy

    20 Sep, 2010

    Newport Beach, California-based KBS Real Estate Investment Trust II has acquired the 627,334-square-foot office tower Union Bank Plaza in LA for $208 million. According to GlobeSt.com, the...

    St. Louis Sheraton Owner Files for Bankruptcy

    17 Sep, 2010

    Breckenridge Edison Development, owner of the Sheraton St. Louis City, Missouri Center Hotel & Suites, filed for Chapter 11 bankruptcy. According to the St. Louis Business Journal, the move put off a...

    CVS Warehouse Sale Largest so far in 2010

    16 Sep, 2010

    According to the Orlando Business Journal, the Pennsylvania-based REIT Liberty Property Trust, bought a CVS warehouse distribution center in southwest Orlando, Florida for $23.6 million. The sale is...

    Village Shoppes at Pine Plaza Gets New Life

    15 Sep, 2010

    Global Fund Investments and MMG Equity Partners have acquired the title to the Village Shoppes at Pine Plaza in Sunrise, Florida, according to GlobeSt.com. The two investors bought the notes on the...

    Cole Real Estate Buys California Retail Center for $83.5M

    14 Sep, 2010

    Phoenix, Arizona-based Cole Real Estate Investments had acquired the Whittwood Town Center in Southern California from Morgan Stanley for $83.5 million in cash, according to the Phoenix Business...

    Kennedy Wilson Forms $278M Partnership, Auctions Portfolio

    13 Sep, 2010

    Beverly Hills, California-based real estate investment and services firm Kennedy Wilson has recently formed a $278-million investment partnership with subsidiaries of Fairfax Financial Holdings Ltd....

    Hersha Hospitality Trust Snaps Up D.C. Hampton Inn

    10 Sep, 2010

    Hersha Hospitality Trust has finished up a deal to acquire the 228-room Hampton Inn in D.C. from The JBG Companies for a total of $73 million. The property was completed in 2005 and is located near...

    TIAA-CREF Refinances 3,600 Units for $273M

    9 Sep, 2010

    Los Angeles, California-based TIAA-CREF Global Real Estate has refinanced a portfolio of 10 stabilized Class A multifamily properties. According to GlobeSt.com, the properties comprise of 3,600 units...

    American Campus Communities Closes $200M Acquisition

    8 Sep, 2010

    Austin, Texas-based American Campus Communities Inc. closed a $200 million deal to assume full ownership in 14 properties it previously jointly-owned, this according to the Austin Business Journal....

    Chartwell Hospitality Plans up to $500M in Hotel Buys

    7 Sep, 2010

    According to the Nashville Business Journal, Chartwell Hospitality plans to spend $400 to $500 million on select-service hotels, taking advantage of bargains made possible by the recession. The...

    California Property Taxes and the Troubled Hospitality Asset

    3 Sep, 2010

    If you are, in any way, involved with a hospitality property in California you do not need a property consultant to tell you about how ugly things are. Distressed hotel and resort assets are...

    U.S. Hotel Profit Growth Returns in 2010

    2 Sep, 2010

    Thanks to a strong lodging demand in the first half of 2010, Colliers PKF Hospitality Research has forecasted that the average U.S. hotel will achieve a 2.3% increase in net operating income in 2010....

    BRE Properties Buys Two California Sites for $185M

    1 Sep, 2010

    San Francisco-based BRE Properties has completed the purchase of two apartment properties in California, one in Sunnyvale and one in Marina del Rey, for a total of approximately $185 million. The...

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