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GAR ASSOCIATES LLC has been performing real estate appraisals and consulting services since 1961. We have successfully proven to our clients that we maximize technology allowing us to grow, change and adapt. Our focus has been and will continue to be to listen to our client’s needs and work together to meet the challenges we face in the real estate profession.
MARQUETTE TOWNSHIP, Mich. (WLUC) – Marquette Township Manager, Randy Girard says since 2010, the dark store issue has cost millions and millions of dollars to local governments in the state of Michigan. “When Meijer reduces their taxable value by $3 million and pays $138,000 less in taxes this year to the tax entities, they get …
Continue reading “Marquette Township deals with dark store difficulties”
In January, hedge fund billionaire Kenneth C. Griffin closed on a $238 million deal for a penthouse at 220 Central Park South, the most expensive home ever sold in the United States. But in the eyes of New York City’s property tax assessors, Griffin’s roughly 24,000-square-foot apartment was valued at a mere $9.4 million. The …
Continue reading “Why don’t owners of super-luxury apartments pay their fair share of taxes?”
CoStar Market Insights: 60% of Investment Comes from In-State Buyers, Nearly Triple the Rate in 2018 In the wake of Oregon’s new statewide law capping apartment rent growth, multifamily investment – particularly from out-of-state buyers – has significantly declined. This may hold lessons for states around the country grappling with rent control measures. It’s only …
Continue reading “Following Statewide Rent Cap, Oregon Multifamily Investment Drops 38%”
