Commercial Property
Last Friday, the world gasped as one of the tech industry’s most prominent banking institutions, Silicon Valley Bank (SVB), collapsed under $175 billion in uninsured deposits. This monumental financial failure has only been surpassed in scope by the folding of Washington Mutual, which swiftly led to the financial crisis of 2008. And while we recently…
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It’s not often you get to write up a house-slash-small business for sale. So when the opportunity presents itself, you gotta take it. Here’s a little cutie in downtown Azle, which is where exactly? Well, it’s a small town of 12,950 full-time residents (as of 2020) on the southwest side of Eagle Mountain Lake. It’s…
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Beginning in 2014, Central Market parent HEB began snapping up parcels on the city block bounded by Lemmon and Bowser Avenues between Reagan and Throckmorton Streets. Their intent was to open a Central Market. That plan has been abandoned for what I last heard was a Central Market planned for the old Albertson’s location on…
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The next time you walk into Lowe’s and they ask if they can help you, you might say, “Yeah, pay your fair share.” Big-box retailers are trying a new-fangled strategy to lower their property taxes, and in some states, it is working. It’s called the “dark-store” strategy, borrowing a commercial real estate term that means…
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The Productive Land Use Series will focus on annual property tax revenue at the neighborhood level. Since land is the city’s primary resource, this series will delve into how we are using our land and if we can use it more efficiently. For part 1, click here. In the previous post, we looked at various…
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