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.

    Washington Assessor Backs Fee On Commercial Property Owners

    28 Feb, 2011

    Clark County, Washington assessor Peter Van Nortwick has gone on record as supporting proposed legislation that would allow counties in Washington to charge a fee to commercial property owners who...

    Tax Valuations of Vacant Residential Lots in a Down Market

    25 Feb, 2011

    As a result of tax values of residential subdivision lots having been in decline for over two years, paired with the increased supply of homes in the market and prices declining, it does not make...

    Ohio Drop in Construction through Recession not as Bad as U.S.

    24 Feb, 2011

    Commercial Real Estate development across the country took a significant fall since the economic downturn that started in late 2007. As bad as many Ohio real estate professionals may have thought it...

    Hotel Loans: Secured by More than Just the Real Estate

    23 Feb, 2011

    Many Real Estate Appraisers would have you believe that the security for a hotel loan is simply the real estate. If this were the case, all lenders would require to see is a properties Deed of Trust....

    San Francisco Office Rents Expected to Lead Nation in 2011

    22 Feb, 2011

    Office rents in the United States will see modest growth in 2011, the first increase in three years. A report from CB Richard Ellis Group tabs San Francisco, California as the market to most likely...

    Hotel Industry Forecast Optimistic for 2011 and 2012

    21 Feb, 2011

    The U. S. hotel industry is projected to end 2011 with increases in all three key performance measurements; occupancy, average daily rate and revenue per available room (RevPAR). STR Global recently...

    Host Hotels & Resorts to Pay $570M for San Diego Grand Hyatt

    18 Feb, 2011

    Maintaining their strategy to buy hotels while the industry is early in its recovery, Host Hotels & Resorts will pay $570 million for the 1,625-room Manchester Grand Hyatt in San Diego, California....

    Borders Files for Chapter 11 Reorganization Relief

    17 Feb, 2011

    Borders Group has filed for reorganization relief under Chapter 11 of the Bankruptcy Code, a forgone solution for the company by many analysts in the commercial real estate industry. According to an...

    Benchmark Senior Living and Health Care REIT Form Partnership

    16 Feb, 2011

    Benchmark Senior Living will add their 34 senior housing communities to Health Care REIT's portfolio, combining to form an $890 million partnership between the two companies. Health Care REIT will...

    Arizona Real Property Tax Appeal Deadline Quickly Approaching

    15 Feb, 2011

    Some of Arizona's 2012 Real Estate Values have been mailed and Appeal Deadlines are quickly approaching. The new 2012 property values are out in some counties and will continue to be released...

    Heaven for Multifamily in 2011, Closer to Earth in 2012

    14 Feb, 2011

    Combining the shortage in the supply of rental apartments due to few projects being initiated in 2009 with the stabilizing economy, uncertainty in home prices and boosting demand, the multifamily...

    Michigan Business Tax Repeal Worries Cities

    11 Feb, 2011

    A recent proposal to relieve Michigan businesses of personal property taxes could mean additional lost revenue for local governments who are already struggling. According to the Battle Creek...

    Alexandria, VA Proposes Tax Rate Increase for Commercial Properties

    10 Feb, 2011

    Alexandria, Virginia City Manager James Hartmann recently proposed a tax rate increase of 12.5 cents per $100 in assessed value to be applied to commercial properties ONLY in Alexandria. The increase...

    DC Council Passes Bill to Upgrade Real Estate Appeal Process

    9 Feb, 2011

    The Council of The District of Columbia recently passed Bill 18-530 which amends Title 47 of the DC Official Code and thereby upgrades the District's real estate property tax appeal process beginning...

    Wisconsin Manufacturing Property Assessment Returns: Due March 1, 2011

    8 Feb, 2011

    The Wisconsin Manufacturing Property Assessment Self Reporting M-Forms are due March 1, 2011. Manufacturers can electronically file the following M-Forms online before the deadline:

    Commercial Real Estate Coming Back, but Unevenly

    7 Feb, 2011

    In some markets, commercial real estate values have been able to soar more than 30% from their 2009 lows. According to The Wall Street Journal, properties like marquee apartment buildings in New York...

    Atlanta Industrial Sector Posts Significant Strides

    4 Feb, 2011

    2010 Industrial leasing in Atlanta, Georgia totaled close to 15.2 million square feet, up 31% from 2009's total of 11.6 million square feet. This trend is expected to continue in the area as economic...

    Fitful Job Growth to Ramp Up in 2011

    3 Feb, 2011

    Observers across the nation agree that the job market is recovering, with the U.S. job count having grown by 1.1 million since 2009. Unemployment has also fallen recently down to 9.4% at the end of...

    New York City Leading the Retail Resurgence

    2 Feb, 2011

    Just like in the rest of the country, retail leasing took its fair share of hits in New York City during the economic downturn. Unlike the rest of the U.S. however, NYC is experiencing quite the...

    Tax Law Changes Threaten California Property Owners

    1 Feb, 2011

    California property owners are suspect to facing harsh tax penalties if they do not quickly report change of ownership as local tax authorities are looking for ways to increase tax revenues as the...