Office Doom Loop: Landlords Face a Reckoning As Companies Move to Fancy Offices
Gas Company Tower was once a gleaming model of downtown America's ascendancy. Located squarely in Los Angeles' central business district, the 52-story skyscraper has a strong pedigree. It's home to a collection of major corporate tenants, including the Southern California Gas Company, the white-shoe law firm Sidley Austin, and Deloitte, one of the Big Four accounting firms.
Pinterest Looks To Further Reduce San Francisco Office Space
Pinterest will further reduce its office footprint in downtown San Francisco, the San Francisco Business Times reported on Tuesday. The company will pay at least $100M to consolidate office space in San Francisco, retaining its headquarters at 651 Brannan St. while vacating office space at 505 Brannan St. and 149 Bluxome St., the company said in a Securities and Exchange Commission filing submitted on Monday.
S.F. is struggling and could be in for big ‘doom loop'
San Francisco Chronicle
This is how San Francisco could die: Interconnected forces trap the city in economic free fall: Workers remain primarily remote; office space sits empty; businesses shutter; mass transit is sharply reduced or even bankrupt, making it even harder for low- and middle-wage workers who enable restaurants and small businesses to operate…
Nebraska ag land values grew 14% last year, UNL survey finds
From Feb. 1, 2022, to Feb. 1, 2023, the average price per acre for ag land rose to $3,835 per acre, a 14% increase compared to the previous year. That's the second-largest increase in the market value of the state's ag land since 2014, trailing only the previous year's uptick of 16%.
Report: Austin listed among cities with highest property taxes in US
Austin metro ranked in the top 15 American cities with the highest property taxes, according to a report by Construction Coverage. The report ranked Austin-Round Rock-Georgetown at No. 13. According to the report's findings, Austin metro's effective property tax rate for owner-occupied homes was 1.4%.
Texas Legislators Battle Over Future of Property Taxes
The Real Deal
Policymakers looked lost Tuesday in a hearing about a proposal related to property appraisal appeals. Texas state lawmakers had to ask the person who was testifying for basic clarifications about the appeal process during the Texas Association of Appraisal Districts' testimony against the bill.