The year of the ‘mansion tax’: Hundreds of millions raised, but a chill to L.A.’s luxury market

[ad_1] One year ago, Los Angeles’ “mansion tax” took effect. It has either been a godsend or an absolute disaster, depending on who you ask. The transfer tax, formally known as Measure ULA, levies a 4% charge on all property sales above $5 million and a 5.5% charge on sales above $10 million, with proceeds … Read more

Target Corp. plans hundreds of new stores in 'new neighborhoods'

[ad_1] This story first appeared in the Minneapolis/St. Paul Business Journal. After strengthening its digital game in recent years, Target Corp. is once again turning its focus toward opening physical stores. Target (NYSE: TGT) will add 300 stores over the next decade, “meaningfully extending our reach into new neighborhoods,” said Chief Financial and Operating Officer … Read more