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.

    Big Box Retailers Embracing Call for Sales on a Smaller Scale

    31 Jul, 2012

    After decades of amassing ever-more square footage under roof, big box retailers are evolving in a new direction of getting smaller. According to Time Magazine, many big box retailers are realizing...

    CMBS Delinquencies Reach All-Time High

    30 Jul, 2012

    The CMBS delinquency rate hit an all-time high of 10.36% during the month of July, marking the fifth straight month it has increased. According to the New Mexico Business Weekly, the increasing...

    California Businesses Paid $90 Billion in Taxes in 2011

    27 Jul, 2012

    Businesses in California paid just under $90 billion in taxes last year, with property taxes by far being the largest contributor. According to The Orange County Register, California businesses pad...

    What are the Intangibles in an Operating Hotel Deal?

    26 Jul, 2012

    The price paid for every operating hotel includes money exchanging hands for the acquisition of intangible assets. Of course, it also includes money exchanging hands for the acquisition of real...

    Retail Sales Remain Well Ahead of Last Year

    25 Jul, 2012

    Consumer contributions to the economic recovery are beginning to slow as retail sales fell for the third consecutive month, a trend that has not occurred in almost four years. According to...

    San Francisco Business Tax Shift Gets Key Backers

    24 Jul, 2012

    San Francisco, California Mayor, Ed Lee, along with two of his rivals, have announced a compromise for the overhaul of the city's business tax that will go before voters in November. According to the...

    Office Vacancy Still on the Rise in Albuquerque

    23 Jul, 2012

    Office vacancy rates in the Albuquerque, New Mexico metro area continued to rise in the second quarter of 2012. According to New Mexico Business Weekly, the office vacancy rate hit 18.8% in the...

    New York Authorizes Property Tax Exemptions for 'Green Buildings'

    20 Jul, 2012

    New York Governor Andrew Cuomo has approved legislation that will provide property tax incentives to the construction of energy efficient buildings by builders and homeowners. According to Riverhead...

    Denver Business Officials Unhappy with Property Tax Proposal

    19 Jul, 2012

    Though Denver, Colorado Mayor Michael Hancock's tax proposal will come with a sales-tax break, business owners claim that it will not be enough to offset the additional property taxes they will have...

    Commercial Real Estate Industry Still Awaits CMBS Return

    18 Jul, 2012

    While aware that the excess that went into the CMBS market several years ago contributed to the recent recession, commercial real estate investors are still eager to see that market get back on its...

    Technology and Energy Sectors Continue to Lead Office Recovery

    17 Jul, 2012

    Office net absorption inventory entered its ninth consecutive quarter of occupancy growth, led by technology and energy firms. According to Market Watch, the technology and energy industry accounted...

    Pennsylvania Closes Property Transfer Tax Loophole

    16 Jul, 2012

    Pennsylvania property buyers will no longer be able to avoid paying deed transfer taxes by exploiting a loophole in state law. According to the Pittsburgh Post-Gazette, Governor Tom Corbett has...

    REITs Experienced Bullish First Half of 2012

    13 Jul, 2012

    Driven by strong fundamentals in commercial real estate as a whole, the REIT industry continued its impressive first half of 2012. According to NASDAQ, the continued uptrend further suggests that...

    Hotel Lenders and Investors at Ease with Direction of Investment Market

    12 Jul, 2012

    Lender and investor confidence is high these days on the hotel investment market for a number of reasons. According to the 2012 edition of Hospitality Investment Survey by PKF Hospitality Research,...

    Proposed California Split Tax Roll Ballot Initiative Fails

    11 Jul, 2012

    California Ballot Initiative #11-0087 regarding a proposed split tax roll has failed to obtain the 807,615 signatures required to pass. The initiative would have required the assessment of most...

    St. Louis County to Withhold Business Permits if Taxes Unpaid

    10 Jul, 2012

    Effective September 4, 2012, St. Louis County businesses will not be issued permits and licenses if they owe property taxes. According to the St. Louis Business Journal, the measure, approved by St....

    BIDs Face Budget Holes from Unpaid Taxes

    9 Jul, 2012

    Commercial property owners in Washington, D.C. owe over half a million dollars in overdue taxes to Business Improvement Districts (BIDs), non-profit groups that provide cleaning and marketing...

    U.S. Shopping Center Rent and Occupancy Up

    6 Jul, 2012

    With very little development in the second quarter of 2012, U.S. shopping centers saw rent and occupancy rise over that time frame. According to Bloomberg, occupied space rose by a net 2.06 million...

    Bedford County, PA Reassessment Approved

    5 Jul, 2012

    Bedford County, Pennsylvania has moved forward the second reassessment in three years, and now awaits the appeals phase. According to the AltoonaMirror.com, the appeals phase is the last step before...

    Oregon Expands Property Tax Breaks

    3 Jul, 2012

    Oregon recently announced that they will be expanding property tax breaks on the value of improvements that brought such companies as Facebook and Apple to the state. According to Bloomberg...

    Milwaukee Commercial Real Estate Markets Improve

    2 Jul, 2012

    Most Milwaukee, Wisconsin commercial real estate markets showed improved fundamentals in the second quarter of 2012. According to the Commercial Association of Realtors Wisconsin, vacancy rates for...

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