Property Tax News Articles & Updates

Brusniak Turner Fine Updates 10/11/2022

Posted by John Brusniak | Oct 11, 2022 | 0 Comments


Amazon Underwriting ‘Outbidding the Whole Market' for Industrial
John Basile, Executive Vice President, Industrial Services, NAI Hiffman, tells that rising escalations are indicative of a market that was (is) extremely tight, with landlords able to push rates, in part, because of Amazon underwriting (outbidding) the whole market in recent years. He said he also is seeing 3% property management fees on these higher prices, adding to the cost.


NYC office market faces ‘real estate apocalypse'
Construction Dive
Office valuations in New York City are forecasted to decline by as much as 39% by 2029 due to remote work trends, according to a recent report from professors at the NYU Stern School of Business and Columbia University Business School. That plunge represents a $453 billion valuation drop for New York City office buildings, while similar declines could occur in other U.S. cities, the report noted.

About the Author

John Brusniak

John Brusniak, Jr. is the dean of Texas property tax litigation.  He was licensed to practice law in 1976,   His early career involved general litigation and appellate work in both the federal and state courts until he was handed his first property tax matter.  It arose prior to the implementatio...


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