The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.
Category: Property Taxes
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Bacon, Banter and the Business of a Diner
“I try to make people feel good.” How one New Jersey diner keeps the doors open.
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Is This Really ‘the Worst Time to Buy a Home’?
Maybe — but it’s not a terrible time to rent.
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Hilton Head Resident Gets Celebrity Support in Land Battle
Josephine Wright, 93, is fighting to stay on the South Carolina island where many Black families have been priced out. Snoop Dogg and Kyrie Irving have chipped in to help cover her legal costs.
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Supreme Court Rules That States Are Not Entitled to Windfalls in Tax Disputes
In a unanimous decision, the justices sided with a 94-year-old woman who got nothing when the state sold her condominium to recoup unpaid taxes.
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Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis
Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.
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Why China Doesn’t Have a Property Tax
Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
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The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
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Stress Builds as Office Building Owners and Lenders Haggle Over Debt
The health of banks and cities and the nation’s economy could hinge on high-stakes negotiations over commercial real estate loans.
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The Prophet of Urban Doom Says New York Still Has a Chance
The New York Times – Business:The business professor who warned that the city might be caught in a ‘doom loop’ suddenly finds himself famous.
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Why Office Buildings Are Still in Trouble
The New York Times – Business:Hybrid work, layoffs and higher interest rates are leaving lots of office space vacant and hurting the commercial real estate business.