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.

    Technology, Energy Hubs to Outperform Office Market in 2012

    30 Dec, 2011

    The national office sector is projected to experience a slowed growth in 2012 due to a damper on demand for new space. However, according to the National Real Estate Investor, select office markets...

    Commercial Property Owners Seek Lower Taxes

    29 Dec, 2011

    A group of at least 20 Peoria, Illinois commercial property owners are seeking $100,000 or more reduction in assessed values. According to pjstar.com, some of the requests are larger than Board of...

    Commercial Property Owners Facing Higher Rates

    28 Dec, 2011

    Interest rates on commercial properties have experienced their lowest levels in decades, but those with intentions to refinance shouldn't expect the trend to continue. According to The Wall Street...

    JBG Goes to Court Over Tax Assessments

    27 Dec, 2011

    The JBG Cos. has filed six petitions against the District of Columbia seeking millions of dollars in assessment reductions. According to the Washington Post, taxation of commercial properties has...

    Commercial Real Estate Loans Improve in 2011, but Face Headwinds

    23 Dec, 2011

    Though the amount of delinquencies on commercial real estate loans overall improved in 2011, they are likely to continue to face tough times due to loan write-offs and a contraction in liquidity....

    Industrial Property Delinquencies Reach 22-Year High

    22 Dec, 2011

    Declined rental income from warehouses has led to a 22-year high in delinquencies on industrial property loans that were packaged into commercial mortgage-backed securities. According to Standard and...

    Pay Your Michigan Industrial Personal Property Taxes Before 2012

    21 Dec, 2011

    The Michigan Business Tax has been repealed effective January 1, 2012. With that repeal, the 35% refundable industrial personal property tax credit has also been repealed. Since the credit is based...

    CRE Investors Turn Bullish on Office Acquisitions

    20 Dec, 2011

    Despite inconclusive evidence of improving commercial real estate fundamentals, investors are continuing to look for buying opportunities in the office sector as 2011 comes to a close. According to...

    High-End Hotels Forecasted to Excel in 2012

    19 Dec, 2011

    Hotel revenue per available room is expected to increase 6.1% in 2012 with rising room rates for high-end hotels leading the way. In a report issued by PKF Hospitality Research, it states that the...

    Max Penalty Increased for Failure to Report Change in Ownership in CA

    16 Dec, 2011

    The maximum penalty for failure to report to the Assessor a change in ownership of a commercial property in the state of California has been increased for 2012. Existing law requires that a Change in...

    Commercial Real Estate Environmental Assessments

    15 Dec, 2011

    A recent growing demand has risen for early environmental assessments on certain commercial real estate properties across the nation. According to the Houston Business Journal, during the third...

    Philadelphia Getting a Second Shot at Saving Property Tax Revenue

    14 Dec, 2011

    The city of Philadelphia, PA is getting another chance to submit data on 2010 property sales to avoid the potential loss of millions of dollars in property tax revenue. According to Philly.com, for...

    November Retail Sales Rise 4.5 Percent

    13 Dec, 2011

    With the aid of Black Friday Weekend, the 2011 holiday shopping season got off to an impressive start with sales up 4.5% over last year. According to the Boston Business Journal, though consumers...

    Hotel Owners are Ready to Begin Renovations

    12 Dec, 2011

    As the hotel industry continues on the path of steady recovery, there has been a recent increase in renovation projects that is predicted to continue on into 2012. According to The Washington Post,...

    Business Tax is Constitutional, but not Effective

    9 Dec, 2011

    A challenge on the state margin tax in Texas, a primary source of business tax revenue, has been struck down by the Texas Supreme Court who has validated its constitutionality in the face of claims...

    Nations Priciest Commercial Real Estate Markets

    8 Dec, 2011

    New York City unsurprisingly emerged as the nation's most expensive commercial real estate market, according to the 2011 Experience Exchange report issued by BOMA International. Based on total rental...

    New Allegheny County Property Assessments to go out December 19

    7 Dec, 2011

    New property values for Allegheny County will be mailed out December 19th, a five day delay from the December 14th deadline for releasing the numbers set by the Common Pleas Judge. According to the...

    Market Turbulence Fails to Sway Real Estate Confidence

    6 Dec, 2011

    Investor confidence in commercial real estate has remained relatively strong despite the economic and political turmoil that has dominated the news the past couple months. According to the latest...

    Massachusetts Fiscal Year 2012 Real Estate Assessments

    5 Dec, 2011

    Massachusetts Real Estate Assessments for the Fiscal Year 2012 will be issued by December 31, 2011 on the third quarter tax bill. Fiscal Year 2012 assessed values are 100% of Fair Market Value as of...

    Downtown New York City Venues Expected to Produce Record Sales

    2 Dec, 2011

    The new retail hubs planned for the area surrounding the World Trade Center have the potential to be among the highest producing retail venues in the United States. According to Retail Traffic, the...

    Property Tax Reform Top Priority for Iowa Chambers of Commerce

    1 Dec, 2011

    Property tax reform for commercial and industrial land owners in the state of Iowa is the top legislative priority for the state's largest chambers of commerce. In the 2011 meetings both the House...

    Subscribe