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Mayors speak against loss of business personal property tax
Indiana Public Media
The business personal property tax is a levy on business equipment that generates about one billion dollars a year for local governments.
Indiana Chamber of Commerce Vice President Bill Waltz, says the tax prevents businesses running on slim margins from making new purchases and expanding their operations.
“The cost of production is increased when this tax is added on top,” Waltz says.
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Indiana Commercial Board of REALTORS
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Commercial real estate set to show strong 2013 sales
Investor's Business Daily
Commercial property sales accelerated in 2013, continuing a years-long recovery after activity came to a near-halt during the financial crisis and recession.
Buoyed by steadying job growth, improving real estate fundamentals and eager capital, buyers throughout the first 11 months of 2013 ponied up more than $305 billion to acquire office buildings, industrial properties, retail centers, hotels, apartments and development sites around the U.S., according to Real Capital Analytics, which tracks commercial real estate sales of more than $5 million.
Former bank property gets rezoning recommendation
A rezoning request to turn an old Lafayette bank building into the new home of a tech company got a favorable recommendation from the Area Plan Commission, but only after the new owner changed his request with the blessing of area planners.
The Area Plan Commission unanimously voted to recommend that the zoning for the old Huntington Bank building at 18th and Union Streets be changed from Residential to Neighborhood Business.
Indianapolis real estate looks up as vacancies fall
Businesses continued to absorb empty space in Indianapolis' commercial real estate markets in 2013, driven by several trends, including a logistics boom, revamped suburban office space and retail businesses catering to healthier lifestyles.
As a result, vacancy rates have fallen for retail and office space as the economy continues to recover, real estate brokerage Cassidy Turley reported in its annual "State of Real Estate" report for the metro area.
Indiana considers amendment that could shield industrial farms
Indianapolis Business Journal
Article I of Indiana’s constitution begins in the usual way, spelling out the familiar rights to life, liberty, and the pursuit of happiness. In November, Indiana voters may be asked to decide whether to add one more to the list: The right “to engage in the agricultural or commercial production of meat, fish, poultry, or dairy products.”
Indiana House panel considers business tax changes
The Associated Press via Post- Tribune
Members of the Indiana House committee are pondering a locally controlled cut in the state’s property tax on business equipment.
The Ways and Means Committee is set to consider a House Republican plan that would let counties decide whether to waive the tax on new investments by existing companies in their communities or those moving in from out of state.
A drone of your own: The commercial drone era begins
Potential commercial real estate applications for low-flying aerial vehicles abound! These include mapping, surveying, traffic measurements (vehicle and foot), hyper local weather reporting, parking availability reporting and competitive research and analysis. Learn more at NAR’s commercial real estate blog, The Source.
Colliers sells $112 million of midwest retail
Colliers International Ohio Investment Services has just completed the sale of two major Midwest retail portfolios, which contain a total of ten individual properties and 1,243,227-square-feet, for nearly $112 million.
One portfolio consisted of three Lowe's Home Improvement stores purchased by Cole Capital for $36.7 million. The three properties have a total 382,000-square-feet were located in Zanesville, Fremont, and Florence, Ky.
Indiana Senate panel 'okays' cut in corporate income tax
A proposal that would cut Indiana’s corporate income tax rate by a quarter and eliminate an equipment tax on small businesses cleared its first hurdle in the state Senate.
The Senate Tax and Fiscal Policy Committee approved the measure 7-2 after hearing about three hours of testimony.
Aldi gets go-ahead to build store in Greenwood
Indianapolis Business Journal
Discount grocer Aldi has received the green light to combine three parcels of land in Greenwood, to make way for the construction of a 16,000-square-foot grocery store.
The Greenwood Plan Commission on Jan. 13, approved Aldi’s request to combine two parcels with a third piece of land on Indiana 135 north of Smith Valley Road
S.W. Indiana property record gift for land trust
Real estate development firm Holladay Properties has donated 50 acres of land valued at $4.3 million from within its AmeriPlex complex in southwest Marion County to the to the Central Indiana Land Trust to be enhanced and maintained as a nature preserve.
The Land Trust will protect the land forever, open it to the public, and manage it to encourage the proliferation of native plants and animals, including Indiana bats, which have been spotted near the area and are an endangered species, according to the U.S. Fish and Wildlife Service.
The 50 acres are located on the southwest side of Ameriplex Parkway, adjacent to approximately $100 million of commercial and industrial projects that have been developed in recent years.
Indiana Township officials mull option of raising property tax
The Tribune Review
Indiana Township officials might reopen the 2014 budget in February to raise the property tax rate — again.
A .02 million increase might be needed, which would mean less than a $10 increase for the average property owner, due to a reduction in the overall property value in the township, manager Daniel Anderson said.
Zionsville panel 'okays' Hat World land deal for HQ
Indianapolis Business Journal
The Zionsville Redevelopment Commission on Jan. 13, agreed to sell 15.6 acres in its new Creekside Corporate Park to Hat World Inc. for $577,200 — about what the town paid for the undeveloped land last year.
Local incentives tied to the deal, meanwhile, could allow the company to recoup at least half of the purchase price.
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