case history: a west coast shopping center:

A distressed regional shopping center in a major West Coast market had clearly depreciated in value since its original tax assessment.

PAA was able to negotiate a staged reduction over several years to approximately 20% of the original assessed value. In addition, we assisted in negotiations with the municipality to reschedule bonded indebtedness that was tied to a prior redevelopment of the center.

Our appeals resulted in over $3 million dollars in refunds to the taxpayer. We've also been able to help establish appropriate taxable values for each stage of the property's redevelopment. These favorable values have been maintained as redevelopment and retenanting proceed.

• Defense
• Food Service
• Hotel Industry
• Manufacturing
• Real Estate
• Retail