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Thursday morning the US House of Representatives unveiled its long-anticipated $1.51-trillion tax reform measure, a sweeping piece of legislation called the “Tax Cuts and Jobs Act.” To cut to the chase for our readers: the bill has largely good news for the commercial real estate industry. The capital gains incentive is retained as are the current like kind exchange 1031 rules. …» |
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As the year comes to a close and the holidays approach, mall owners are talking redevelopments, and particularly those of vacated Sears stores. The timely discussion has been a reoccurring theme on many third-quarter retail real estate investment trust, or REIT, conference calls. Analysts and investors want to know: “What are you going to do with that big box?…» |
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Commercial property prices have risen steadily since the beginning of the recovery from the Great Financial Crisis (GFC). Prices through September were nearly 25 percent above the level at the end of 2007, according to the value-weighted CoStar Commercial Repeat Sales Index, while prices of multifamily properties were nearly 50 percent above their end-2007 value. …» |
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Vacancy and Construction Level Off and Net Absorption Slows The Greater Phoenix office market leveled off during third quarter. Net absorption and new construction figures were low and vacancy has remained flat. The Greater Phoenix office vacancy rate remained unchanged at 16.3 percent…» |
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Earlier this week, I was invited to attend a presentation by Dr Ted Jones. As always, Dr Jones never disappoints with his entertaining and candid conversation on the economy and how it impacts real estate. I have always appreciated his insight and high level take on the economy and how those changes really funnel into the real estate markets. …» |