President Biden called on Congress to make tax code changes this week that could hurt commercial real estate investors’ pockets. But the code changes detailed in The American Families Plan could also result in fundamental shifts in how real estate is bought, sold and developed.
One of the major themes of the president’s campaign as well as his first 100 days in office has been equity. Instead of raising taxes on middle-class Americans to pay for the plan’s $1.8 trillion in spending, he is setting his sights on high-earning investors and real estate investors, in particular.
“I think it’s great for the sector because now you’re going to have a major market cap REIT,” says Randy Blankstein, president of The Boulder Group. “It’s great to have a $50 billion company because it draws attention to the space.”
Matt Berres, executive managing director for Newmark, says the proposed …
Most pundits are pointing to a full recovery next year, but investment goals still have to be met, and individual investors still have needs to fulfill, such as retirement and estate planning.
What a difference a few months can make. After a year of virtually no activity, vaccines are rolling out with greater frequency, the world is preparing to get back to their offices and the nation generally, the economy and the commercial real estate market specifically are all pivoting toward recovery.
The fact that we have to pivot underscores the cyclical nature of economic issues. Most pundits are pointing …
Brown joins Landan Dory and Jonathan Hipp in the Net Lease Group
Austin, TX – Corey Martin, Principal and Managing Director of Avison Young’s Austin office today announced the strategic hiring of Senior Associate, Matthew L. Brown. Brown joins Landan Dory on the Austin Net Lease team alongside the national Net Lease Group led by Jonathan Hipp.
“When I realized that the Landan was looking for a partner to help build Austin’s net lease team, and that our long-term vision and philosophies were aligned, I quickly said yes to the opportunity with Avison Young,” said Brown.
WEST LINN, ORE. — Avison Young has arranged the sale of a single-tenant retail building located at 1855 Blankenship Road in West Linn. A Portland.-based private investor acquired the property for $6 million from a court-appointed receiver.
Parkrose Hardware occupies the 47,451-square-foot property, which is the anchor tenant to River Falls Plaza, on a 10-year, long-term lease.
Chris Maling and David Maling of Avison Young, along with Denis O’Neill of Colliers International, represented the seller in the deal.
Don’t believe everything you read. If you do, you’re likely to make the assumption that all of retail is a vast wasteland, that bankruptcies and defaults…
Don’t believe everything you read. If you do, you’re likely to make the assumption that all of retail is a vast wasteland, that bankruptcies and defaults are the only order of the day and all a formerly vibrant shopping center is good for now is conversation to a fitness center.
Readers of this blog know better. As do readers of GlobeSt.com. In two recent articles, GlobeSt made it clear that retail investments (and for …
Real estate has always been a scapegoat for economic troubles.
As the wrangling over the Oval Office continues, there could be good news in the cards for 1031 like-kind exchange investors. And here’s why. Despite campaign promises to keep or alter 1031s, this isn’t a decision that will come from the White House alone. …