Posted by John Brusniak | Feb 28, 2024 |
Austin has 27% vacant office space but leasing could fill up in 2024
Statesman
Every office market in the country now has way more office space than it needs. So pronounced Austin-area real estate expert Eldon Rude, as part of his 21st annual forecast event last week sponsored by the Home Build...
Posted by John Brusniak | Feb 27, 2024 |
Lenders Foreclose On Historic Office Building In Downtown Fort Worth
BisNow
A historic building in Fort Worth has joined a growing number of troubled office properties taken back by lenders. Legacy Bank & Trust has assumed ownership of the 167K SF Oil & Gas/Star-Telegram building on West 7th St...
Posted by John Brusniak | Feb 23, 2024 |
Texas Landfill Seeks High Court Support of Lower Tax Appraisal
Bloomberg Tax
A Texas sanitation company asked the state supreme court to take a narrow view in a dispute over whether a trial court can evaluate an appraiser's challenge of a separate ruling that reduced the tax assessment of a lan...
Posted by John Brusniak | Feb 19, 2024 |
Texas Supreme Court to Decide Oncor-Mills Central Appraisal District Tax Dispute
BNN Breaking
In a significant legal battle that could influence the financial landscape of utility companies and tax authorities alike, the Texas Supreme Court has decided to take up a case that pits Oncor Electric...
Posted by John Brusniak | Feb 16, 2024 |
Improving daycare availability is the goal of two Dallas City Council measures approved Wednesday
NBC DFW
Daycare received two boosts from the Dallas City Council Wednesday including a property tax abatement and some zoning changes. Childcare facilities will now receive a big tax break with a 1...
Posted by John Brusniak | Feb 14, 2024 |
Dallas-Fort Worth tops U.S. in construction job growth
Dallas Morning News
With all the construction cranes on the skyline, it shouldn't be a surprise that the Dallas area saw more construction job growth last year than any other U.S. metro area. The Dallas area added 12,300 building sector job...
Posted by John Brusniak | Feb 13, 2024 |
Inaugural Appraisal District Board election lacking candidates
thefacts.com
The Texas Legislature answered the call to give property owners direct representation on county appraisal boards, but so far, no one in Brazoria County has answered the call to seek election to its board. Three seats wi...
Posted by John Brusniak | Feb 13, 2024 |
Posted by John Brusniak | Feb 12, 2024 |
Depreciating Commercial Assets Spell Tax Dip
Dallas Express
Plummeting values across North Texas' commercial real estate sector could spell trouble for the jurisdictions depending on the collection of property taxes from those entities. Policy firming by the Federal Reserve and declining demand...
Posted by John Brusniak | Feb 09, 2024 |
Texas Apartment Markets Could Be Courting Disaster As Oversupply Fuels Rent Declines
BisNow
Pricing power across apartment markets in Texas has slipped just as thousands of new units are coming online, sparking concerns that conditions are ripe for an onslaught of distress. Markets with the big...
Posted by John Brusniak | Feb 08, 2024 |
No takers for Appraisal District Board election
kiiitv.com
With the passage of Proposition 4 last November, Texas voters overwhelmingly granted themselves an $18 billion property tax cut. Although it took more than six months to accomplish and required a regular legislative session and two spec...
Posted by John Brusniak | Feb 05, 2024 |
Jasper County Tax Assessor-Collector Bobby Biscamp is dead at the age of 73
kjas.com
Following a long battle with cancer, Jasper County Tax Assessor Collector has died at the age of 73. Biscamp, who has served in the position for over 20 years, died on Friday at the Harbor Hospice here in Jaspe...
Posted by John Brusniak | Feb 02, 2024 |
Pearland ISD $105M bond election under discussion; would fund school updates and tech
Houston Chronicle
The Pearland ISD's board of trustees are scheduled to decide on Feb. 13 whether to put the bond on the May ballot. If the board and voters approve the bond proposal, the tax rate would remain...
Posted by John Brusniak | Jan 31, 2024 |
Tomorrow, January 31st is the last day to pay your Property Tax Bill without Penalty and Interest
The Texas State Senate
In the 2nd called Special Session of the 88th Legislature in 2023, Senator Bettencourt passed a Texas-sized record $18.1 billion property tax cut for all Texas homeowners, SB...
Posted by John Brusniak | Jan 26, 2024 |
REPORT: Texas Office Renovations No Longer A Silver Bullet For Pushing Rental Rates, Occupancy
BisNow
The long-held belief that renovations will improve office building performance is being challenged by new data that reveals upgrades are no longer the cure-all they once were. In the past, offi...
Posted by John Brusniak | Jan 25, 2024 |
Deaf Smith County commissioners approve $500 million tax abatement for solar farms
KVII
Solar energy is coming to Deaf Smith County. County commissioners approved $500 million in tax abatements Tuesday for Chermac Energy to build two solar farms near County Road BB. The projects are called Mule...
Posted by John Brusniak | Jan 23, 2024 |
Wolfe Investments Faces Foreclosure on Dallas Office Building
The Real Deal
An iconic office building in downtown Dallas, once earmarked for a residential transformation, is facing foreclosure. A February foreclosure auction has been scheduled for the 18-story, blue-paneled building at 211 Nort...
Posted by John Brusniak | Jan 19, 2024 |
Galleria office building headed to auction after $13M default
The Real Deal
A foreclosure auction has been scheduled for a Class-B Houston office building, spotlighting the growing wave of distress in the Bayou City. Starwood Mortgage Capital has initiated foreclosure proceedings on the eight-s...
Posted by John Brusniak | Jan 17, 2024 |
DFW Retail Centers Haven't Been This Full In 42 Years, New Report Shows
BisNow
Retail in the Metroplex set a new record in 2023 as a dearth of new construction and rebounding tenant demand converged to create the highest occupancy in 42 years. Dallas-Fort Worth shopping centers of 25K SF or mor...
Posted by John Brusniak | Jan 16, 2024 |
DFW Retail Centers Haven't Been This Full In 42 Years, New Report Shows
BisNow
Retail in the Metroplex set a new record in 2023 as a dearth of new construction and rebounding tenant demand converged to create the highest occupancy in 42 years. Dallas-Fort Worth shopping centers of 25K SF or mor...
Posted by John Brusniak | Jan 12, 2024 |
Texans to face another election after approving property tax cuts
The Texas Tribune
In a state known for too many elections, there's another one coming to Texas' 50 largest counties. This May, voters in those most populous counties will be asked to elect three members of their respective apprai...
Posted by John Brusniak | Jan 11, 2024 |
Office Sublease Volume Plateaus in Dallas-Fort Worth
CoStar News
Overall sublease availability remains stubbornly high and is nearly twice the volume posted at the beginning of 2020. Sublet availability stands at 2.4%, matching the U.S. norm. Most sublease space in the Dallas-Fort Worth region ...
Posted by John Brusniak | Jan 08, 2024 |
Downtown Killeen reverses downtown fortunes with more than 70% occupancy rate
kdhnews.com
Revitalizing downtown Killeen has been a top priority for the city. Mayor Debbie Nash-King has touted its importance at town hall meetings and boasted that the city was close to 80% occupancy of buildings....
Posted by John Brusniak | Jan 05, 2024 |
Fort Worth City Council looks to stop letting developers opt out of affordable housing
Fort Worth Report
Developers soon won't be able to opt out of building affordable housing if an amendment is approved by City Council at its upcoming Jan. 23 meeting. Fort Worth is looking to amend its code t...
Posted by John Brusniak | Jan 03, 2024 |
Hotel Conversion Planned For Historic Office Tower In Downtown Fort WorthBisNowAn office-to-hotel conversion at a landmark property in Fort Worth is the latest in the lineup of high-profile projects headed for the city's bustling downtown. Icon Lodging plans to spend $33M on turning the former XT...