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.

    Investors Attracted to Denver's Surging Energy Economy

    26 Nov, 2014

    National and foreign investors alike are focusing their attention on Denver, thanks to the city's booming energy economy. According to the National Real Estate Investor (NREI), as the Rocky Mountains...

    Commercial Real Estate Values Overall Have Recovered, But Some Markets Are Still Suffering

    25 Nov, 2014

    While commercial real estate values overall have recovered to pre-crash heights, the rebounding market isn’t treating all property owners equally. Some property types, such as apartment buildings and...

    Finance Committee Proposes Repeal of the 1031 Exchange

    24 Nov, 2014

    In response to the 1o31 exchange being threatened on three fronts, the commercial real estate industry is making their opposition known to Congress. Last week, lobbyists from Washington joined San...

    Is Property Tax Reform Coming to Texas?

    21 Nov, 2014

    Newly-elected legislators, the newly-elected Lieutenant Governor, local officials, and public policy organizations in Texas have proposed a wide-range of proposals for property tax reform, from...

    More U.S. Cities Adopt Energy Benchmarks for Commercial Buildings

    20 Nov, 2014

    Energy benchmarking for large commercial buildings is fast becoming U.S. law. According to The International Council of Shopping Centers (ICSC), ten cities — Austin, Texas; Boston; Cambridge, Mass.;...

    Milwaukee Streetcar Could Get $49.3M More Using Property Tax Increases

    19 Nov, 2014

    Milwaukee Mayor Tom Barrett is supporting a plan to give the controversial downtown Milwaukee streetcar an additional $49.3 million through two tax incremental financing districts the city will...

    Amazon Proposes Fourth Downtown Seattle Block Design

    18 Nov, 2014

    Today, a city board will review the early designs of two concepts that Amazon.com is proposing for the fourth block of its downtown Seattle high-rise campus. Both concepts, located on the block...

    With Business Leaders' Support, Nevada's Tax System May Finally Get an Overhaul

    17 Nov, 2014

    Although Nevada's Question 3, which proposed a two-percent (2%) margin tax on business entities in Nevada with total revenue in excess of $1,000,000 to fund the operation of the public schools, was...

    Performance Gap Widens Between Class-B Malls

    14 Nov, 2014

    The performance gap between strong class-B malls and struggling ones continues to grow by the day. According to the National Real Estate Investor, while malls with little competition are experiencing...

    Assemblyman Introduces Bill Bringing Urban Enterprise Zone and Property Tax Relief to Atlantic City

    13 Nov, 2014

    Assemblyman Vince Mazzeo announced today he will be introducing legislation to create jobs, spark economic development and provide vital property tax relief by creating an Urban Enterprise Zone (UEZ)...

    California’s 2016 Ballot Could Bring Major Tax Hikes

    12 Nov, 2014

    Despite the recent election, there is already talk of a push for several tax increases on California's 2016 ballot, in addition to potential initiatives on legalizing recreational marijuana, public...

    Hotel Leaders Believe US Elections Will Provide Positive Changes for Industry

    11 Nov, 2014

    While not expecting major legislative action by the new Republican-controlled Senate, hotel leaders believe that the elections provide an ‘opportunity for a reset.' According to Hotel News Now, hotel...

    Pittsburgh Proposed Budget Calls for Property Tax Hike

    10 Nov, 2014

    Today, Pittsburgh Mayor Bill Peduto introduced a half-billion dollar proposed budget, which calls for $507 million in spending on revenue of $516 million and included an increase in property taxes....

    Atlantic City Allowed to Collect Unpaid Casino Hotel Property Taxes

    7 Nov, 2014

    A recent ruling from the U.S. Bankruptcy Court will allow Atlantic City, NJ to collect up to $30 million in unpaid property taxes from the former Revel Casino Hotel. According to The Wall Street...

    New Rule Could Require Governments to Disclose Tax Abatement Information, Report Incentives as Lost Income

    6 Nov, 2014

    In its biggest effort yet to make government tax subsides more transparent, the Governmental Accounting Standards Board (GASB) proposed rules that would require state and local governments for the...

    Denton Becomes First Texas Town to Ban Fracking

    5 Nov, 2014

    Yesterday, nearly 59 percent of voters in Denton, a town in North Texas which sits on the edge of gas-rich Barnett Shale, approved a measure banning hydraulic fracturing, or fracking — the method of...

    Samsung Seeks Major New York City Expansion

    4 Nov, 2014

    South Korean electronics giant Samsung Electronics Co. is eyeing a large expansion, looking for up to 1 million square feet of Manhattan office space in a new or existing tower. It would be one of...

    Georgia No. 1 in National Business Climate Ranking Again

    3 Nov, 2014

    For the second year in a row, Georgia took the top spot in Site Selection magazine's Top US Business Climates: 2014. The magazine releases its annual rankings each November. The Peach State had been...

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