A stone’s throw away from Foshay Tower, an undeveloped parking lot covers an entire block of downtown Minneapolis real estate. Why does this prime spot host cars instead of a sparkling skyscraper? The owner explained his reasoning four years ago to Minnpost: “There...
As Twin Cities metro area commercial property owners know, government officials and taxing bodies are confronted with a variety of difficult questions and challenges as they wrestle with setting tax levels for both business and residential properties. A real estate...
Minnesota Gov. Tim Walz recently extended the COVID-19 emergency through Oct. 12. Among the order's provisions is a ban on evictions. The White House recently issued a temporary order to stop evictions across the country through the end of the year. Help one, hurt...
In the unrest that followed the death of George Floyd while in police custody, more than a thousand buildings were damaged with estimates of damages in the hundreds of millions of dollars. Minnesota law requires a full year of commercial property taxes to be paid...
Frequent readers of our Minnesota Commercial Property Tax Appeals Blog know that we recently wrote about reductions in commercial property tax bills in Michigan a few years ago. Owners of commercial properties on which big-box retail stores sat in Michigan’s U.P. were...
Big-box stores are in many Minnesota communities, centers of commerce and employment, as well as gathering places where recipes, local news and gossip are exchanged by neighbors. Giant superstores are in many ways a modern necessity that provides one-stop shopping in...
In a previous post to our Minnesota Commercial Property Tax Appeals Blog, we began looking at the states property tax classes: Residential, Agricultural, Commercial/Industrial/Public Utility and Other Residential. (Please check the previous post for an introduction to...
Any time you dive into documents issued by Minnesota government, you are in danger of drowning in bureaucratic jargon, dense legalese, repetition and redundancy. The state’s websites and publications will never be mistaken for relaxing bedtime reading. Not so easily...
Regular readers of our Minnesota Commercial Property Tax Appeals Blog will undoubtedly recall a recent post about the economic effects of the Covid-19 pandemic on owners of properties such as shopping centers. We'll dive a bit deeper into the subject now. Adding it up...
The economic fallout of the Covid-19 pandemic has had a negative effect on virtually all of the nation’s economy, including income-producing commercial properties. Owners of those properties now have tenants contending with steep declines in revenue that can mean...