Commercial Real Estate & Business News – December 6, 2017

The U.S. Senate and House of Representatives have started work to reconcile differences between their two tax bills, including the timetable for reducing the corporate tax rate from 35% to 20%. Of special interest to commercial real estate investors is how the final legislation will tax so-called "pass-through" entities such as sole proprietorships, partnerships, limited liability companies and S corporations...»
WASHINGTON, DC-Millennials have been less likely to buy a home than previous generations for several reasons including the far-ranging impact of the Great Recession and their own inclinations to renting in urban areas. Or so the theory went. Now, new research from Fannie Mae and the University of Southern California suggest that this cohort may have been participating in the housing market more than realized...»
Despite the increasing number of high-rise rental communities dotting the metro landscape, Arizona residents like their space, and now there's a new community called San Portales in the high Sonoran Desert of North Scottsdale that meets this need like no other in the state. San Portales quietly opened its first phase to new residents, welcoming them to a community that offers a distinctive living experience...»
CHICAGO, COLUMBUS-E-commerce has doubled the average footprint of warehouses built in the US in the past decade, with the largest expansions coming in metro areas with the big populations that online sellers covet and the ample land that developers need, according to a new report from CBRE. Company researchers analyzed the average size of warehouses built in the US...»
In many states, abnormally high vacancy at commercial properties should mean a lower tax bill. Market transaction evidence essentially dictates this result: States that assess taxable value on commercial properties based on market value, as though leased at market rents, should allow a deduction from that value when the property incurs above-market vacancy and collection losses...»

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