Regions Midatlantic | Washington, DC
Budget to Save Commercial Property Holders $21M in  D.C.
May 16, 2008

Commercial property holders in Washington, D.C. will save $21 million in savings for the year beginning in October following the D.C. Council's  passage of its 2009 budget, Washington Business Journal reported. The Council engaged a formula for lowering property taxes, but reduced savings for 2009. As a result, D.C. commercial property owners will pay $1.65 per $100 of assessed value, down from the usual $1.85, for the first $3 million of property they own.

 
Recent Washington,DC Headlines
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CB Richard Ellis Group Inc. has hired two real estate industry veterans, Michael McShea and Peter Larkin, formerly of The Staubach Co. Both focus on the public sector and have joined the company’s government and public sector solutions group, based in Washington, D.C. The Staubach Co. was recently acquired by Jones Lang LaSalle.
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