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Text Version   RSS   Subscribe   Unsubscribe   Archive   Media Kit      Jan. 16, 2014


 

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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ICREX — a better listing solution
Indiana Commercial Board of REALTORS
The Indiana Commercial Real Estate Exchange (ICREX) is owned and operated by the Indiana Commercial Board of REALTORS®. On this site you will find detailed information on commercial properties for sale or lease throughout Indiana. ICREX is a resource and marketing tool that allows its full access subscribers to search hundreds of thousands comps, property history and building and land records in one database. Boost your business and join today!
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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.
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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.”
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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.
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A drone of your own: The commercial drone era begins
NAR Commercial
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.
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Colliers sells $112 million of midwest retail
GlobeSt.com
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.
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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, Ind., 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
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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.
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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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Indiana Senate eyes different business tax cut
The Times of Northwest Indiana
Hoosier businesses would see their state income tax rate fall 1 percent to 6.5 percent this year and drop to 4.9 percent by 2019, under a tax cutting plan unveiled by the budget leaders of the Republican-controlled Senate. State Sen. Brandt Hershman, R-Buck Creek, and state Sen. Luke Kenley, R-Noblesville, said the business tax cuts in Senate Bill 1 will create jobs by luring companies to the state and encouraging existing Indiana businesses to expand.
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Commercial Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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Lauren Swan, Content Editor, 202.684.7496  
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