Montreal’s commercial-to-residential tax ratio increased to 4.40 in 2013 – a 2.7 percent rise over the previous year, according to The Real Property Association of Canada (REALpac). This stands in contrast to other Canadian cities which have seen improvements in … Continue reading →
Wal-Mart will abandon plans to build three new stores in DC and it will review the financial and legal implications of not opening three others that are currently under construction if the city implements the “living wage” legislation. This “living … Continue reading →
A REIT (Real Estate Investment Trust) is a company that owns and in some cases manages income producing commercial real estate. Unlike a public REIT, a non-traded REIT does not trade on a securities exchange and is therefore less liquid. … Continue reading →
In an effort to cool the residential housing market, China implemented a 20 percent capital gains tax on residential property effective March 1, along with higher down payment requirements for second home buyers. The previous capital gains tax rate was … Continue reading →
The DC Office of Zoning has approved plans to build a boutique hotel in the Adams Morgan district of the city. The historic First Church of Christ Scientist building will be incorporated into the 227-room hotel which will also claim … Continue reading →
Fairfax County, Virginia has proposed an increase of 1.5 cents in the commercial and industrial (C&I) tax rate. If approved commercial and industrial property owners will pay $1.22 per $100 of assessed value, according to The Washington Business Journal. The … Continue reading →
Google plans to establish its new UK headquarters in London’s up-and-coming King’s Cross district. According to Reuters, the company purchased a 2.4-acre plot at the King’s Cross Central development where it will build its 1msf office building ranging in height … Continue reading →
Singapore has implemented a stamp duty on industrial property sales to dissuade short-term speculation, according to Bloomberg. Effective as of January 12, sellers will pay a 15 percent tax for sales of warehouses and factories occurring within the first year … Continue reading →
In an effort to remain competitive with surrounding states, Iowa Governor Terry Branstad proposed a budget last week that cuts Iowa’s commercial property taxes, according to press-citizen.com. The proposed In this modern era, we need not actually worry about anything … Continue reading →
Tony George, DC’s chief tax appraiser resigned on Monday after questions were raised about settlements that lowered the proposed assessments of hundreds of commercial properties by $2.6 billion, It is a well-known and indisputable fact that people who are having … Continue reading →