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.

    Manufacturing Vacancy Rate in Boston Hits 10-year Low

    27 Nov, 2013

    Industrial property owners in Boston, Massachusetts definitely have something to be thankful for this year. A report issued by Transwestern RBJ states that the vacancy rate for Greater Boston’s...

    Hospitality Industry Approaching Next Phase of Cycle

    26 Nov, 2013

    The hospitality industry has been building momentum throughout 2013, and business is better than it has been in years. While many forecasters and industry professionals remain optimistic for 2014, it...

    Michigan Bill Would Exempt Personal Property Tax for Oil, Gas Wells

    25 Nov, 2013

    A new bill from Lansing, Michigan that would grant exemptions for personal property taxes related to oil and gas wells is raising concern among Michigan residents. Senate Bill 552 would exempt things...

    N.J. Towns Face $29M Tax Loss from Departing Pharmaceutical Companies

    22 Nov, 2013

    As some of the world's largest pharmaceutical companies depart New Jersey, four towns face the loss of $29 million of combined revenue. Not only is it extremely detrimental to the local economies,...

    AAA Projects Slight Drop in Thanksgiving Travel

    21 Nov, 2013

    Yesterday, AAA released their annual Thanksgiving Holiday Travel Forecast. Although travel volume for the 2013 holiday is projected to decline 1.5% from 2012, it is still the second-highest volume...

    Commission to Release Final Report on D.C. Tax Changes Soon

    20 Nov, 2013

    The Washington, D.C. Tax Revision Commission, a select group of D.C. officials, advocates and civic leaders, is finalizing changes that will be made to the District's tax code. After nearly a year...

    Indiana GOP Leaders Push to Eliminate Business Personal Property Tax

    19 Nov, 2013

    Indiana republican legislative leaders are pushing to repeal business personal property tax, and several other Midwestern states are doing the same. In fact, Ohio and Illinois have already eliminated...

    NYC Luxury Developers Receive 'Affordable' Property Tax Exemptions

    18 Nov, 2013

    Luxury developers in New York City, New York that have been "taking advantage" of Albany's affordable housing property tax exemptions are under scrutiny. The latest is a $1.5 billion 90-story...

    Twin Cities Work Toward Business Incentive Program

    15 Nov, 2013

    In an effort to attract and retain business, St. Paul and Minneapolis, Minnesota are working to implement a standardized business incentive program. Memorandums of understanding were approved by the...

    Dozens of Commercial Property Tax Breaks Under Review in Providence

    14 Nov, 2013

    Providence, Rhode Island is reviewing dozens of tax breaks for commercial properties to determine whether or not the deals are actually benefiting the financially struggling city. Since Mayor Angel...

    D.C. Investor Interest Shifts to Retail Properties

    13 Nov, 2013

    The office market in Washington D.C. has been less than ideal, thanks to the short-term shocks to the region including sequestration, the government shutdown and mandates that federal agencies must...

    Commercial Real Estate Investors Moving to Secondary Markets

    12 Nov, 2013

    Commercial real estate investors seeking higher returns are turning to smaller markets and buying suburban properties. According to Bloomberg, demand for office buildings, retail centers and...

    High Demand for Commercial Real Estate Loans

    11 Nov, 2013

    The commercial real estate market is on the rise this year, especially for office properties. As the demand for mortgage loans has increased, banks have also lowered lending standards. The Federal...

    More Controversy with Philadelphia's Already Messy Tax System

    8 Nov, 2013

    It is no secret that Philadelphia, Pennsylvania's tax system is a bit of a mess, and the Business Use and Occupancy Tax (“U&O”) stirs up the most controversy of all. U&O is a tax on the business,...

    Arizona Likely to Grant Apple Huge Property, Energy Tax Breaks

    7 Nov, 2013

    Mesa, Arizona will be the latest location for an Apple, Inc. warehouse, and the company is likely to receive huge property, equipment, energy and payroll tax breaks and other incentives from the...

    Baltimore City Council Seeking Audit of Property Tax Program

    6 Nov, 2013

    Baltimore, Maryland Mayor Stephanie Rawlings-Blake has received an influx of calls from the City Council seeking an independent audit of the city's property tax program. After The Baltimore Sun...

    Iowa Implements Property Tax Rollback

    5 Nov, 2013

    The Iowa Department of Revenue has implemented the first phase of Gov. Terry Branstad's 2013 tax reform package. The law removed the assessment limitation for commercial and industrial properties....

    The Riverside Company Acquires Paradigm Tax Group from Monitor Clipper Partners

    4 Nov, 2013

    The Riverside Company (“Riverside”), a global private equity firm, today announced that it has acquired Paradigm Tax Group (“PTG”) from majority owner Monitor Clipper Partners (“MCP”), a Boston-based...

    Sacramento Industrial Market Attracting New Investors

    4 Nov, 2013

    Sacramento, California's thriving industrial market continues to attract new institutional investors. The latest includes more than 450,000 square feet of space, primarily industrial with some office...

    Commercial Property Construction Expected to Rise 17%

    1 Nov, 2013

    Commercial property construction is projected to rise 17 percent in 2014, according to CoStar Group, a leading commercial real estate information company. CoStar reports that future nonresidential...

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