Padre Elite Blog

  “Like-kind” means I must exchange the same type of property, such as an apartment building, for another apartment building. FALSE A 1031 Exchange means that the sale and the purchase have to happen at the same time. In other words, the seller has to find someone willing to swap properties.FALSE My attorney or CPA can […]

HOUSTON–(BUSINESS WIRE)–NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that Rio Grande LNG, LLC, a NextDecade subsidiary, has entered into a lease agreement with the Brownsville Navigation District (BND). The lease agreement was considered and approved during a meeting of the BND Board of Commissioners. The lease agreement, which covers an approximately 984-acre parcel of land […]

SpaceX is targeting this evening, February 21 for launch of the Nusantara Satu satellite from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station, Florida. The 32-minute launch window opens tonight at 8:45 p.m. EST, or 1:45 UTC on February 22. Falcon 9 will also deliver the Beresheet lunar spacecraft and Air Force […]

By DINA ARÉVALO Port Isabel-South Padre Press editor@portisabelsouthpadre.com Though the weather had been vacillating between balmy and brrr-inducing throughout the week last week, conditions became favorable just in time to wow the crowds in attendance at the South Padre Island Kite Fest last Friday. Winds were light, but that didn’t stop competitive stunt kite fliers from […]

WASHINGTON — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction). The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners of sole proprietorships, partnerships, S corporations, trusts, […]

Progress at the Boca Chica SpaceX launch site has leapfrogged forward in recent weeks as construction crews began building a prototype vessel known as a Starhopper. The vehicle is a smaller test version of a larger vehicle known as a Starship. SpaceX founder, Elon Musk took to Twitter last Saturday to mention the construction currently […]

SOUTH PADRE ISLAND, Texas – The City of South Padre Island is looking to attract cruise line ships in order to attract more visitors. Efforts continue to bring a cruise line industry to South Padre Island. A public briefing on the progress was held this morning. It’s an initiative South Padre Island Mayor Dennis Stahl […]

By DINA ARÉVALO Port Isabel-South Padre Press editor@portisabelsouthpadre.com Plans to develop a multimillion-dollar high-end apartment complex at the site of the old Yacht Club Hotel will proceed, despite a Board of Adjustments decision to deny a variance request to decrease the number of parking spaces from two per unit to 1.5. “Martinez Hospitality had the required […]