Ohio lawmakers completed a significant override of Governor Mike DeWine's budget vetoes in October 2025, fundamentally altering how local governments and school districts can structure future property tax levies. This action by the General Assembly, combined with...
Ohio’s rollout of two new housing initiatives as part of Ohio House Bill 96 comes at a critical time, as Ohio’s major industrial legacy cities face declining population projections, a challenge that, while reflective of national trends, is compounded by the housing...
Across the country, a shift is underway in the commercial real estate landscape. Once-unshakable national retail chains are shuttering stores, leaving behind empty spaces in malls and shopping centers. For years, these prime locations were out of reach for smaller...
As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on exchange proceeds require careful analysis. A critical but often overlooked aspect arises when interest earned on funds held by a...
The intersection of real estate transactions and tax strategy has long been a focal point for investors seeking to optimize returns while minimizing liabilities. Two powerful tools in this arena – the Membership Interest Purchase Agreement (MIPA) and Section 1031...
The recipe for residential apartment success in Cleveland’s central business district has seen significant changes, primarily because a substantial portion of its traditional demand base—those employed in downtown Cleveland's office buildings—has yet to return....
In recent times, the U.S. office sector has experienced an unprecedented shift in supply and demand dynamics. Recent Cushman & Wakefield reports suggest that by the end of the decade, there could be an excess of 330 million square feet of vacant office space due...
Recent turbulence in various market sectors is creating the need to sharpen analyses and understandings of property tax assessment valuations. In evaluating the need for real property tax assessment appeals, it is critical to understand the roles an appraiser can play...
Twenty-seven months ago, we couldn’t begin to comprehend the length or severity of the pandemic, nor its long-term effect on commercial office space. Today, it is still not possible to make an accurate prediction, but a few emerging puzzle pieces are helping to shed...
A property tax reform effort that originally commenced in 2018 in the Ohio House of Representatives has been signed into law by Governor Mike DeWine and will go into effect in mid-to-late July 2022. House Bill 126 (HB 126) was sponsored by Representative Derrick...