Property taxes for New Orleans homes have surged. Now, businesses could get a huge tax cut. | Business News

Over the past two years, thousands of homeowners across New Orleans have opened unwelcome letters from the Orleans Parish Assessor’s Office, providing notice of big jumps in the assessed values of their properties, and with that, a sharp increase in their property tax bills.

Now, some of the city’s biggest commercial property owners, many beaten down by months of business losses due to the coronavirus, are getting letters with much happier news: the assessor is awarding them what amounts to a massive, once-in-a-lifetime property tax cut. 


A sunrise hits the New Orleans downtown skyline, Thursday, July 6, 2017.

Assessor Erroll Williams earlier this month finalized across-the-board cuts in 2021 property tax assessments for hotels, retailers, restaurants and owners of office towers and other commercial properties, in a push to help alleviate the economic devastation inflicted by the pandemic.

Some of the biggest cuts will

Read More

Kiwi Jet Boat Business To The Stars Goes Up For Sale

A top-ranked Kiwi jet boat operation that was behind hit
Hollywood movies, and once starred on US TV show The
, has been placed on the market for

NZ River Jet, which operates on the Waikato
River between the twin tourist meccas of Rotorua and Taupo,
offers New Zealand’s number one-rated boat tour on

River Jet

In 2016 NZ River Jet hit
the screens of millions of US viewers when contestants of
the blockbuster reality TV show, The Bachelor, took
an adventurous river journey. The company’s jet boats were
also used to film river scenes for the 2010 Hollywood box
office hit, Yogi Bear, starring Dan Aykroyd and
Justin Timberlake, which grossed more than US$200 million

Filming of Yogi Bear saw a NZ River
Jet boat rigged out with the biggest 3D camera

Read More

Office Properties Income Trust Announces Sale of Four-Property Business Park for $25.1 Million

Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the previously disclosed sale of a 171,061 square foot, four-property business park located in Fairfax, VA for $25.1 million, excluding closing costs. Proceeds from today’s announced sale will be used for general business purposes.

David Blackman, President and Chief Executive Officer of OPI, made the following statement:

“We are pleased with our ability to continue to execute on our capital recycling program to further support our low leverage and strong liquidity throughout the ongoing pandemic and resulting economic challenges. We remain focused on the health of our business and believe we are well positioned to advance our strategies as market conditions recover.”

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI

Read More

Recent Acquisitions by Corinth Land Co. and Prattco Creekway Industrial (PCI) Catapult JV Ownership to 30 Percent of IH-20 West Business Park

To Date, The JV has invested $50 million in Almost 700,000 SF of North Texas Industrial Space

With the latest acquisition of three additional buildings in the IH-20 West Business Park, Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial (PCI) now own 9 of the business park’s 30 buildings, or 30 percent of the complex. The latest acquisitions include 6575 Corporation Parkway (39,500 SF); 6590 Corporation Parkway (17,000 SF); and 6656 Corporation Parkway (15,000 SF). All are 100 percent occupied by Summit Casing. The purchase was financed by Veritex Bank with equity provided by Western Production Company and PCI.

This press release features multimedia. View the full release here:

Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial have acquired three additional buildings in the IH-20 West Business Park in North Texas. The latest acquisitions include 6575 Corporation Parkway (39,500 SF); 6590 Corporation Parkway (17,000 SF);

Read More

Business News | Stock and Share Market News


Read More

Total’s Cray Valley resins business in France not for sale

PARIS, Oct 20 (Reuters)Oil and gas group Total TOTF.PA said on Tuesday its Societe Cray Valley business, the French offshoot of its resins operations, was not up for sale.

Reuters reported earlier in October that Total was launching a sale of its resins business and had hired Credit Suisse to work on the process. Total declined to comment at that time.

While the Societe Cray Valley, the French operations, are not part of the divestiture plan, its international resins businesses have been put on the block and are attracting interest from private equity buyers, people close to the matter said.

Cray Valley operates the Carling petrochemical complex in eastern France and has operations elsewhere, including in China.

Total said in a statement that “there is no sales process for the “Societe Cray Valley”.

The oil company said that it stood by commitments made in 2013 when it restructured

Read More

Duplex Stainless Steel Pipe Market : Rising Trends with Top Countries Data, Technology and Business Outlook 2020 to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
Duplex Stainless Steel Pipe Market” is valued at 464.2 million USD in 2020 is expected to reach 556.7 million USD by the end of 2026, growing at a CAGR of 2.6% during 2021-2026, According to New Research Study. 360 Research Reports provides key analysis on the global market in a report, titled “Duplex Stainless Steel Pipe Market by Types (Lean Duplex, Standard Duplex, Super Duplex, Hyper Duplex), Applications (Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers / Shipbuilding, Desalination / Water Treatment, Pulp and Paper, Air Pollution Control, Architectural, Building and Construction, Others) and Region – Global Forecast to 2026” Browse Market data Tables and Figures spread through 120 Pages and in-depth TOC on Duplex Stainless Steel Pipe Market.

COVID-19 can affect the global economy in three main ways:

Read More

Office condos in Watkins Centre to be auctioned | Business

MANCHESTER — Office space in the historic Watkins Centre building is going up for auction next month.

According to a listing from Williams & Williams Real Estate Auctions, nine individual office condominiums inside the multistory red brick building at 935 Main St. will be put up for sale to the highest bidder or bidders on Nov. 19. The units range in size from 805 square feet at the smallest to 6,256 square feet at the largest, and interested parties have the option of buying one, some, or all of the suites.

The Watkins condos were formerly used for medical offices. They are being sold “as is,” with no financing, inspection, or other contingencies to the sale.

“Buyers must conduct their own due diligence and investigation of each property to determine the suitability of each property prior to submitting a bid,” Williams & Williams wrote.

The units will be open for

Read More

TVNET/WRLD1 launches Global Real Estate and Business / Finance / Investment group of Internet TV Networks

SAN FRANCISCO, Oct. 19, 2020 /PRNewswire/ — Nathan Sassover, CEO of TVNET INC. today announced the launch of the WRLD1 Global Real Estate Group of TV networks converged with its Business / Finance / Investment Group across all world regions.

 The TVNETGlobal Real Estate Group includes:

Luxury Properties Worldwide

Realtors Global Network

Cities Global Network

Latin America Network

Manhattan News

West Hollywood News

Virtual Tours Network   [January 2021]

Home Repairs Network

The TVNET Real Estate Networks group features as the first global TV network unifying worldwide luxury residential properties within a TV network environment across 8 world regions, extending the generic ‘virtual tour’ to more immersive insights of homes and enhancing broker marketing resources for more impactful buyer / seller engagement. converges a

Read More

Real Estate News | Business

Realty ONE Group Coastal

Kailia Dorval


Kailia Dorval joins Realty ONE Group Coastal’s Mount Pleasant office. Born and raised in Montreal Canada, Dorval, once an international touring singer – is now deeply immersed in the Charleston real estate market.

Dorval has a background in hospitality and brings her relentless passion about real estate to help clients make the best buying and selling decisions. Her philosophy is that a client isn’t just moving into a new home but a community. Whether it’s the trendiest restaurants, top-ranked school districts, serene parks, shopping, art galleries or fitness facilities – she finds her clients an area that matches their lifestyle and needs. Call her at 843.901.0990 or email

BHHS Southern Coast Real Estate

Tamekia Alston


Tamekia Alston is the newest agent to join Berkshire Hathaway HomeServices Southern Coast Real Estate in Summerville. Alston, a resourceful Realtor, is family-oriented and is part of the Air Force

Read More