'A World Of Hurt': Call Centers Vacate 30M SF Of Offices As They Embrace Remote Work
Call centers don't anchor new skyscrapers or flashy mixed-use developments, but they have a huge impact on the office market, leasing nearly 150M SF in the United States, filling corporate parks in cities and suburbs across the country. But that number is plummeting.
Property valuations soar in robust real estate market during statutory reappraisal period 2020-2022
Current property valuation — one part of how property taxes are calculated — is based on sales data from July 1, 2020, through June 30, 2022. Intense real estate demand, with rising building costs, low mortgage rates and an influx to western Colorado during that period all fed into the swelling valuation rates, the Western Colorado Assessors said, in releasing data Tuesday.
DISTRICT OF COLUMBIA
Multifamily Developers Look To Slow Amenity Space Race As Costs Skyrocket
This topic of residential amenities — the burdens they can place on the bottom line and how spaces can best be optimized to fit residents' needs — rose to the forefront in a developer panel discussion at an April 6 Bisnow roundtable on the NoMa, Mount Vernon Triangle and North Capitol Street area.
DeSantis' Claim of Disney's Self-Property Appraisal Appears False
News Daytona Beach
Legal documents from recent years appear to dispute a claim from Governor Ron DeSantis that Disney World conducts its own property appraisals, a point which he criticized them for on Monday. DeSantis alleged that Disney was evaluating the land and giving itself lowball estimates to drive down their own property taxes.
Report addresses Hawaii's rising property values
The Grassroot Institute of Hawaii, a nonpartisan, nonprofit research and educational institute, released a Thursday policy brief titled "How Hawaii's county lawmakers can provide tax relief to offset higher property assessments." It outlined several lines of action local leaders could take to prevent rising property taxes.
Chicago's Empty Downtown Offices Are a Frightening Problem for all Chicagoans
Vacant downtown commercial property is one of Chicago's ugliest problems because of the absence of any solution to what's shaping up as a monumental bust. Fleeing retailers have gotten most of the press on commercial real estate, especially those leaving North Michigan Avenue, but little attention has been paid to the office market.
Pollution Control Exemption Now Included on Kentucky Watercraft Tax Forms
The Waterways Journal
As this time of year marks the start of the Kentucky watercraft tax assessment and tax return season, some watercraft operators may have noticed a change to the Kentucky Department of Revenue's watercraft tax forms. A staple of the general Kentucky property tax world, but now more explicitly incorporated on the Kentucky watercraft tax return and assessment, is the so-called pollution control exemption.
Suburban Boston Mall Sees Value Slashed From $200M To $30.4M
Boston's suburban malls continue to see plunging valuations as they lose tenants and struggle to keep up with consumer demands. The Solomon Pond Mall in Marlborough received a new appraisal this month valuing it at $30.4M, according to Morningstar. The 1.4M SF mall was valued at $200M when Simon Property Group obtained a loan in 2013.
Local leaders say tax commissioner ‘dismissive' of Butler Co. property tax hike questions
The Butler County commissioners invited Ohio's tax commissioner to meet with them about an anticipated double-digit value hike, to which she sent an explanation of how the process works. So, they are issuing a “call to action.”
Tax abatements for solar plant rejected
Commissioners, who had discussed proposals from Able Springs Solar, LLC during several meetings, said they didn't think that for-profit companies should have their taxes reduced to fund commercial projects, especially if they brought few jobs to the county. Long-term, the project was expected to have few employees.
Grayson County property appraisals rise by more than 15 percent
The Grayson Central Appraisal District is mailing out property appraisals again. “Honestly, my reaction was my jaw dropped,” said Anthony Moreno, a Grayson County homeowner. Property appraisal values this year are creating sticker shock. “It's good for your house value to go up,” said Moreno. “I understand, but what I saw was just insane.”
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