California property tax rates are some of the lowest in the country and Prop 13 has blessed some long-term-hold properties with low Base Year Assessments, many, many properties  were acquired and reassessed at, or near, the top of the market. The time is now to file your 2010/11 Prop 8 Decline-in-Value assessment appeals with the September 15 deadline looming about a week away. Check out our website, www.paradigmtax.com for details.

Click here to view the full article and to learn more on how Paradigm Tax Group can help with your troubled California Hospitality Assets.

According to hotelmarketing.com, the improved outlook for 2010 bottom-line performance is the result of increasing optimism about the top line. PKF forecasts a 4.6% increase in revenue per available room for the U.S. lodging market in 2010 which is a direct result of a projected 5.2% rise in occupancy, but a 0.6% decline in average room rates.

To read the full article from hotelmarketing.com, which includes information on how to budget for 2011, go here.

BRE Properties has also recently sold a 264-unit property in Riverside for approximately $24.6 million in which the proceeds will be used to finance the two new acquisitions. BRE owns and operates 75 apartment communities totaling 21,604 units in California, Arizona and Washington.

To read the full article from the San Francisco Business Times, click here.

There are already eight letters of intent out for the retail side regarding leases, and the nearby opening of a Kroger grocery store in 2011 is expected to help with apartment tenant interest. The location provides great nearby spending ability with the university, a few hospitals and a new 127-unit residential project across the street. The initial reaction for a hotel occupant is something limited-service or extended-stay like a Hilton product.

To read the full article from GlobeSt.com, click here.

Times Square at Craig Ranch is a mid-rise multi-family and retail development completed in 2009 that is currently 50% leased. The units average 1,024 square feet and the development itself includes ground-floor retail space with controlled access and structured garage parking for its residents. Other amenities include golf course views, large courtyards and a resort-style pool.

To read the full article from the Memphis Business Journal, click here.

The truth is that is still remains a tenants market putting those businesses looking to expand in a quite favorable position. The third quarter should see even better conditions in the office and industrial sectors. Kansas City had one of the lowest second quarter industrial vacancy rates at between 8% and 11% compared with 14.1% overall. Overall industrial vacancy rates are expected to improve to 13.7% in the second quarter of 2011 and rent is expected to drop 5.4% this year and 4.7% further in 2011.

To read the full article from the Kansas City Business Journal, click here.

The class B, 628-unit property, is the largest apartment complex in Tustin and is situated on 23.5 acres on five separate parcels of land. The community has a prime location being within 20 minutes of over 30 million square feet of commercial developments. Creekside Meadows is the largest apartment complex to come to market in Orange County this year.

To read the full article from GlobeSt.com, click here.

If the approval goes as planned, Omni will take full ownership of the resort in the fall of this year. Omni has growth plans for the resort including adding 125 rooms and suites and a 16,000-square-foot ballroom. The acquisition is part of the companies brand expansion plan which in the past few years has included resorts in Pennsylvania and New Hampshire.

To read the full article from the Dallas Business Journal, click here.

According to Business First, funding for the fixed-rate loan was provided by Freddie Mac under its Capital Markets Execution loan program. The Edwards Companies have developed 7,000+ student housing beds on and around major universities located in the Northeastern, Midwestern and Southeastern parts of the US.

To read the full article from Business First, click here.

Despite some early renewals, the malls have all struggled. For example no buyers have stepped up in July to pay almost $7 million in a foreclosure sale for the 478,000-square-foot Mount Berry property. Urban Retail sees a trend of more and more lenders looking for third-party managers to handle foreclosed properties similar to the ones they have just acquired.

To read the full article from GlobeSt.com, click here.