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.

    Retail Property Market Showing Signs of Slowdown

    6 Jan, 2017

    As the number of empty storefronts continues to grow across the U.S., signs are pointing to a slowdown for the national retail-property market. Vacancy rates in community shopping centers increased...

    Property Tax Abatement Approved for 'High-Impact' Project Outside Downtown Memphis

    14 Oct, 2015

    Despite continued discussion about the board’s role in providing tax abatements, known as payments in lieu of taxes, outside of Downtown Memphis, The Center City Revenue Finance Corp. approved a a...

    Macy's to Close up to 40 More Stores Next Year

    10 Sep, 2015

    Macy's will close 35 to 40 underperforming stores, around 5% of its total locations, in response to shifting shopper habits and investor demands to make better use of its real estate. While the...

    Walgreens, CVS Controversial Property Assessment Appeal Strategy Slashes Tax Bills in Half

    6 Mar, 2015

    Walgreens, CVS, and other big drugstore chains have been challenging property tax assessments in courts around the country for the past decade, with little national notice. Kentucky tax officials, in...

    Pennsylvania School District Creates Tension with Reverse Tax Assessment Program

    15 Jan, 2015

    A Pennsylvania school district is creating significant tension between itself and the Franklin County, Pennsylvania Economic Development Department. In an effort to generate more tax revenue from...

    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...

    Major Retail Chains Continue to Struggle: Office Depot to Close 400 Stores Nationwide

    13 May, 2014

    As sales continue to take a dive, Office Depot recently announced plans to close 400 U.S. stores by 2016. According to an article from the Wall Street Journal, Office Depot's first-quarter sales...

    The Demise of Major Retail Chains and its Impact on Tax Assessment Rolls Nationwide

    3 Apr, 2014

    By Jerry Heaton, Senior Managing Consultant, Dallas

    Overall Retail Fundamentals on the Rise for First Time Since 2008

    31 May, 2013

    Perhaps the hardest hit sector by the great recession, retail may finally be seeing a consistent strengthening in fundamentals. According to the National Real Estate Investor, during the first...

    Retail Development Back on the Horizon

    21 May, 2013

    Rumblings coming out of ICSC's RECon event in Las Vegas, in which Paradigm Tax Group is in attendance, is that new retail development is no longer a pipe-dream, but a tangible possibility as industry...