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.

    Transfer of Interests in Legal Entities for CA Real Property Reassessments

    29 Apr, 2011

    To assist in determining which properties are subject to reassessment, the California State Board of Equalization recently issued an LTA (Letter to Assessors) that explains how the transfer of...

    Arizona Legislative Session Approves Bill to Cut Property Taxes

    28 Apr, 2011

    The biggest highlight for businesses from the 2011 Arizona Legislative Session was approval of the "Jobs Bill" which included $538 million worth of business property and income tax cuts. According to...

    Loan Middlemen Become a Big Draw

    27 Apr, 2011

    Proactive investors are beginning to snatch up distressed properties across the nation that in total carry tens of billions of dollars in underwater commercial real estate loans coming due by the end...

    Minneapolis Property Values Sink, but Taxes Rise

    26 Apr, 2011

    With the appeal deadline for Minnesota property assessments approaching on April 30, many property owners in the state are growing in frustration with their current property tax situation. According...

    Office, Hotel Lead 69% Surge in US Sales

    25 Apr, 2011

    Commercial Real Estate sales across the United States totaled $31 billion in the first quarter of 2011, a 69% year-over-year increase on the first three months of 2010. According to the report from...

    Regional Mall Owners Seize Power, Shopping Center Tenants

    22 Apr, 2011

    As other retail sectors struggle with high vacancy rates, regional mall owners are looking to take advantage by picking off tenants who traditionally have occupied freestanding stores or shopping...

    Alabama Gambling Resort Unable to Pay $1.3M in Property Taxes

    21 Apr, 2011

    The VictoryLand gambling resort just east of Montgomery, Alabama failed to pay $1.3 million in state and local property taxes for 2010. The resort has also been unable to make payments to lenders for...

    Austin Office Market Positioned for Growth

    20 Apr, 2011

    Stemming from the fact that already in the month of April the Austin, Texas office market has had more positive absorption than all of 2010, analysts have absolute confidence that the market is...

    Getting Beyond "The" Multiplier

    19 Apr, 2011

    Every year, Texas assessors appraise full service hotels using Room Revenue Multipliers (RRM). While this technique aims to assess all properties equitably, it often fails because it assumes hotels...

    Mezzanine Loans a Factor Again in the Hotel Industry

    18 Apr, 2011

    As operating performance and transaction activity in the hotel sector continue to improve this year, high-risk mezzanine loans are becoming more of a factor in the financing of many acquisitions....

    New Property Tax Breaks Proposed in Tampa

    15 Apr, 2011

    A new economic recovery package, proposed by Mayor Bob Buckhorn, would make new and existing Tampa, Florida businesses eligible for property tax breaks. If the package is approved, new businesses...

    Negative Economic Fundamentals Hold Up Complete Retail Recovery

    14 Apr, 2011

    Despite the fact that consumers are buying, leases are increasing, and closings are slowing, retail is still unable to reach a full recovery due to the negative fundamentals of low jobs, high gas...

    Malls Face Surge in Vacancies

    13 Apr, 2011

    Though the economy continues to recover, mall vacancies hit their highest level in over a decade during the first quarter of 2011. According to new figures from real estate research company, Reis...

    Rate of Bank Failures Declining, But For How Long?

    12 Apr, 2011

    The rate of bank failures in the US has declined in recent quarters giving financial institutions more time to raise capital, but the banking sector is far from a complete recovery. A total of 26...

    Property Valuations Improve in Primary Markets

    11 Apr, 2011

    The recent increases in asset values amongst all commercial real estate has been limited to primary markets that offer the least perceived risk to investors. However, according to the National Real...

    Democrats Offer $200 Million in Property Tax Cuts

    8 Apr, 2011

    Focusing mainly of the relief on smaller businesses, Legislative Democrats have offered a $200 million plan to ease business property taxes and boost economic conditions. According to Bloomberg...

    House Bill Gives CO Businesses a Break from Personal Property Taxes

    7 Apr, 2011

    House Republicans in Colorado have passed House Bill 1141, giving businesses a two-year exemption from the state business personal property tax. The Bill is being called an economic stimulus...

    Congress Approves 1099 Repeal Bill

    6 Apr, 2011

    The U.S. Senate and House have passed the "Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011" (H.R. 4) to repeal controversial expanded information...

    New York Commercial Real Estate Taxes Skyrocketing

    5 Apr, 2011

    Since 2007, New York City has seen a sharp decline in major property transactions, suffered through the financial services industry collapse and watched debt financing all but disappear. Nowadays, in...

    CRE Job Figures on the Rise

    4 Apr, 2011

    In their March figures, The Labor Department has reported that the economy has added 216,000 jobs and the overall unemployment rate has hit a two-year low of 8.8%. These figures are great news for...

    Big Box Giants Downsize to Drive Productivity

    1 Apr, 2011

    Many U.S. big-box chains are starting to shrink average store sizes to reflect the growing importance of multi-channel shopping, adapt to urban settings and recognize the need to optimize portfolios....

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