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Tag: property
Property tax fight brews in NY over absentee owners
2014-10-20 12:17:29| Real Estate - Topix.net
A proposed NYC levy would require part-time New Yorkers to pay a 0.5 per cent surcharge on dwellings valued at more than $5 million. Photo / Thinkstock The real-estate industry is mobilising to kill a proposed levy on non-resident owners of apartments valued at more than $5 million, seeking to ensure the world's biggest city doesn't follow London, Hong Kong and Singapore in extracting extra cash from trophy properties.
Tags: property
owners
tax
fight
Kroger to build store at former Kmart property
2014-10-18 13:44:12| Grocery - Topix.net
The former Kmart property at 13 Mile and Little Mack should be the site of a Kroger store within the next couple years, Roseville City Manager Scott Adkins said at the City Council meeting Oct. 14. According to Community & Economic Development Director Jason Friedmann, the work will include a "total rehabilitation of the property" along with constructing a new parking lot and water retention pond. "It's almost $16 million in investment, including demolition of the existing building and construction of a new building, which would be about 100,000 square feet," Friedmann said.
Tags: store
property
build
kmart
Spanish senate approves Intellectual Property Law reform
2014-10-17 11:12:00| Telecompaper Headlines
(Telecompaper) The Spanish senate has given the green light to the reform of the country's Intellectual Property Law, which will now be sent to the parliament for final approval. The reform aims to curb internet piracy by putting in place speedier processes to shut down offending sites, including a one-stop-shop for processing complaints related to copyright infringements. One of the amendments introduced at the senate stage is the increase in the maximum fine payable for "very serious" copyright infringement from EUR 300,000 to EUR 600,000. The law also contains the so-called 'Google tax', a provision allowing news media companies in Spain to charge search engines such as Google and Yahoo for displaying copyrighted content. The reform is aimed squarely at news aggregators such as Google News, in that it permits the reproduction of "non-significant fragments" without prior authorization but requires the payment of "fair compensation" for doing so. However, on 18 September the Spanish Supreme Court submitted a request to the European Court of Justice for clarification as to whether this new compensation system complies with European legislation. Google is said to be considering shutting down its news service in Spain if the reform is finally passed.
Tags: property
law
spanish
reform
Honolulu real estate investment firm buys Walgreens' Honolulu property for $28M
2014-10-16 04:23:25| Grocery - Topix.net
The Malulani Group Ltd., a Honolulu-based real estate investment and development firm, has purchased the Beretania Street property in Honolulu that includes Walgreens and a Petco from the nation's top drugstore chain for $28 million, CBRE Inc. Hawaii, which listed the property earlier this year, told PBN. Illinois-based Walgreens put the nearly two-acre property at 1121 S. Beretania St. , which includes a 42,804-square-foot building that houses a Walgreens store, as well as a 12,122-square-foot Petco store, on the market just four years after it bought the parcel from Safeway .
Tags: real
estate
property
firm
RBA's warnings take some heat out of property market, say real estate agents
2014-10-06 11:36:38| Real Estate - Topix.net
Attempts by the Reserve Bank of Australia to talk down what it sees as overpriced housing markets in Sydney and Melbourne have had some impact, according to real estate agents. A growing number of property agents around the country are reporting declining numbers at auctions in the two capital cities and less bidding pressure after year-on-year price growth of more than 14 per cent in Sydney and around 8 per cent in Melbourne.
Tags: real
estate
market
property
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