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 Real Estate Recovery Has Legs

    31 Jan, 2011

    A recent poll of investors, lenders, executives and other commercial real estate stakeholders found a generally optimistic attitude towards the industry in 2011. More than 70% of the responders in...

    ProLogis Near Merger with Industrial Giant AMB

    28 Jan, 2011

    In what would be the biggest deal since the recession involving publicly traded real estate companies, AMB Property, the second largest public warehouse owner in the U.S., is near a merger with its...

    Banks Recovering Slowly After Historic Failures

    27 Jan, 2011

    2010 saw bank closures increase 12% from the 140 that occurred in 2009. The main occurrence that does failed banks in is loans that go bad and spark excessive losses that delete capital. Quite a bit...

    Blackstone Bets Big On Industrial Property Rebound

    26 Jan, 2011

    Blackstone Group LP is making a $2 billion investment in industrial commercial real estate, one of the hardest hit corners of the property market. According to Reuters, Blackstone's real estate...

    CMBS Loans: December 2010 Payoffs Best in Two Years, $22B Coming Due in 2011

    25 Jan, 2011

    More than half of the commercial real estate loans reaching maturity in December 2010 were paid off by borrowers, marking the highest monthly payoff rate in two years. The inclination here is that...

    Commercial Mortgage Market Will Hit Bottom in 2011

    24 Jan, 2011

    The commercial mortgage market is expected to continue shrinking for another year and bottom out towards the end of 2011 at around $2.9 trillion. According to Business Wire, a Prudential Real Estate...

    Commercial Real Estate Firms Optimistic, Hiring in 2011

    21 Jan, 2011

    In anticipation of a commercial real estate recovery, several Jacksonville, FL agencies are adding to their staffs. According to the Jacksonville Business Journal, many firms had a positive 2010,...

    Occupancy Gains Anticipated in Senior Housing Market

    20 Jan, 2011

    While the dire state of the housing market has caused occupancy rates at senior housing facilities to fall over the past year, 75% of senior housing managers or owners who responded to a National...

    Climate Improves for Potential Retail REIT IPO's

    19 Jan, 2011

    After a rough start in 2010, this year is shaping out to be a better one for REIT initial public offerings (IPO's). The thought process behind this is that there is recognition that commercial real...

    95% Tax Savings on 'Improvements of Possessory Rights' Properties

    18 Jan, 2011

    In Arizona, there are several classes of property (1 -9). Each class of property has its own ratio (the percentage applied to the Full Cash Value to arrive at the Assessed Value). For example: Class...

    Reminder: GA Passes Property Tax Assessment and Appeals Reform Bill

    17 Jan, 2011

    Just a reminder that this past June, the state of Georgia has passed the "Property Tax Assessment and Appeals Reform Bill" that has changed property tax assessment procedures in the state. Highlights...

    204-Unit Sale Marks Rare Downtown Deal

    14 Jan, 2011

    Downtown Los Angeles, California is considered a market with very high barriers to entry for multi-family acquisitions, making the sale of the 204-unit Canvas L.A. apartments for $62.5 million a rare...

    2010 Commercial Real Estate Sales Double 2009 Total

    13 Jan, 2011

    With help from a huge month of December, 2010 commercial real estate sales totaled $115 billion, a 109% increase from the 2009 total of $54.6 billion. December's volume of $21 billion was the highest...

    Leasing Velocity Likely to Carry Through This Year

    12 Jan, 2011

    The Manhattan, New York office market had a strong fourth quarter in 2010, amassing 7.5 million square feet of leasing deals for the hottest three month period since Q3 of 2006. The 7.5 million...

    Special Servicers Gain Ground Resolving Delinquent CMBS Loans

    11 Jan, 2011

    Though loans that back commercial mortgage-backed securities (CMBS) in the years before the financial crisis are becoming delinquent in continually greater numbers, analysts still expect the amount...

    Why the U.S. Hotel Market Is Poised for Recovery

    10 Jan, 2011

    After one of its worst declines in history, the hotel industry is reemerging and entering a strong cyclical recovery as demand growth accelerates. According to the National Real Estate Investor,...

    Holiday Sales Come in Strong, but Consumers Will Remain Challenged in 2011

    7 Jan, 2011

    The 2010 holiday shopping season was a good one for retailers, with same-store sales growth for November and December coming in at about 4% and with total sales around $525 billion. According to...

    Tax Data Reveals Plunge in Atlanta Commercial Property Values

    6 Jan, 2011

    Many property owners in major markets across the nation are coming to the realization that commercial real estate values have been declining, and that the trend will continue. An analysis of Atlanta,...

    Virginia Legislation Provides New Pollution Control Equipment Exemptions

    5 Jan, 2011

    Effective for tax years beginning on or after January 1, 2011, all counties in Virginia will now be required to offer an exemption on pollution control equipment. House Bill 2084 -- Chapter 671...

    Fresh Signs of Life in Office Market

    4 Jan, 2011

    The amount of occupied U.S. office space increased for the first time in nearly three years during the fourth quarter of 2010. According to the Wall Street Journal, more companies are postponing...

    Commercial Real Estate Indicators '100 Percent Positive'

    3 Jan, 2011

    Brett White, chief executive of CB Richard Ellis Group, recently did an interview with The Washington Post in which he shared his thoughts on the economy, real estate and what the future holds for...

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