Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
March 31, 2022

Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him

When President Joe Biden presented his administration's proposed budget for fiscal year 2023, he again included a new tax rule that would essentially eliminate 1031 exchanges, or like-kind exchanges, which are widely used to lower taxes for those buying and selling commercial real estate.

If Biden is able to get the budget past with the new rule in place — capping the capital gains deferral at $500K for an individual and $1M for a couple — real estate experts say it could spell disaster for an already-challenged industry and for the U.S. economy.

Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him

After two years of pain from the pandemic’s effects on the real estate industry, with inflation at the highest it has been in a generation and interest rates already on the rise, Engineered Tax Services founder and CEO Julio Gonzalez said the proposal, if enacted, would cause a major slowdown for the…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com
War, Disease, Economic Agony (And Surging Gas Prices) Will Probably Not Deter Hospitality Sector War, Disease, Economic Agony (And Surging Gas Prices) Will Probably Not Deter Hospitality Sector
REPORT: Secondary Apartment Markets Outperform Larger Ones REPORT: Secondary Apartment Markets Outperform Larger Ones
SEC Proposes SPAC Rules To Protect Investors From 'Overly Optimistic' Projections SEC Proposes SPAC Rules To Protect Investors From 'Overly Optimistic' Projections
Trammell Crow's $600M Solar Deal Is The Latest In A Wave For Industrial Spaces Trammell Crow's $600M Solar Deal Is The Latest In A Wave For Industrial Spaces
Perforation

New 2M SF Mixed-Use Development, Backed By Cottonwood, Eyed For South Boston

New 2M SF Mixed-Use Development, Backed By Cottonwood, Eyed For South Boston

The Los Angeles developer that built Boston's $950M EchelonSeaport complex is providing financing for a mixed-use project less than 2 miles away in South Boston. Cottonwood Group has extended a $130M loan to a group of property owners that plan to build…

Read the full story here.

  Share:  
 
Perforation

King Street Goes Bicoastal With $45M Bay Area Buy
King Street Goes Bicoastal With $45M Bay Area Buy  

A big Boston biotech developer has made its first purchase in California, one of a number of recent buys from big biotech players across national and international boundaries.  King Street Properties purchased 1699 Old Bayshore Highway in Burlingame, currently occupied by a two-story office building, in February for…

Read Full Story
  Share:  
Perforation

In Case You Missed It...
BGI Lands New Partners, $543M In Financing For Spec Lab Building In Seaport BGI Lands New Partners, $543M In Financing For Spec Lab Building In Seaport
Biotech Firm Moving HQ To 81K SF At Boston Innovation And Design Building Biotech Firm Moving HQ To 81K SF At Boston Innovation And Design Building
Boston’s Record-Low Industrial Vacancy Pushing Developers To Build On Spec, In New Submarkets Boston’s Record-Low Industrial Vacancy Pushing Developers To Build On Spec, In New Submarkets
Peebles Team Wins Bid To Build 21-Story Mixed-Use Project In Boston Peebles Team Wins Bid To Build 21-Story Mixed-Use Project In Boston
Allston Developers Quadruple Number Of Income-Restricted Housing Units Planned In Mixed-Use Project Allston Developers Quadruple Number Of Income-Restricted Housing Units Planned In Mixed-Use Project
 
Perforation

From Lease Structures To When To Stop Investing: Inside Blackstone’s Logistics Strategy
 

When you've gone really big in a sector, how do you know when to stop? 

Of all the conviction bets Blackstone has made over the past decade, logistics has been the biggest.

The U.S. private equity giant has invested tens of billions in the sector around the world, and reaped the reward, selling or recapitalising platforms and portfolios at huge profits.

At Bisnow’s Industrial & Logistics Transformation event on Tuesday, Blackstone Senior Managing Director Peter Krause talked through the firm’s strategy in the UK and beyond, including views on rental growth, inflation and lease structures, cap rate compression and the key signal to watch as to when to stop investing. Here’s the deep dive.

Read the full story here.
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships. The views and opinions expressed in advertisements throughout this publication (digital ads and orange text links) are those of the advertiser and do not necessarily reflect the views and opinions of Bisnow. Some ads may contain affiliate links from which Bisnow may receive a small fee.
 
This email was sent to: 1
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 56587