For the second year in a row I have the opportunity to consider the New Year’s forecast for the Hospitality Industry here in New England. Last year at this time it was just before the inauguration of President Trump and there were a lot of unanswered questions.
There are a considerable amount of new developments and major re-developments occurring throughout the region. Support for these projects continues with national, regional, and local tenants signing leases and opening storefronts. In Boston, many projects are mixed-use in nature and include a retail component.
Christopher Mellen, CPM is the vice president of the Simon Companies, Braintree, Mass.
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The stock market is soaring to record levels, oil prices are down, housing sales are off the charts, the newer lifestyle centers and the older malls are short on parking spaces…at least when I go, and the higher end restaurants seem to have substantial waits if you’re going out around supper time almost every night of the week.
Welcome to 2018! New Years’ always brings changes to taxes. Key numbers, like tax brackets, standard deductions, personal exemptions, and qualified plan contribution limits, all roll over on January 1. But this year brings more change than any year since 1987.
On December 22, 2017, President Trump signed the revised tax reform bill, formerly presented as and called the Tax Cuts and Jobs Act, into law. The new law has many of our clients asking how it could affect their ability to do 1031 Exchanges.
As of mid-year 2017, our recovery from the Great Recession will be eight years old. Although, to many across the various industries, it doesn’t feel as strong of a recovery as it has been. To us, though, in the commercial real estate business it is hard to relate to a recent year end article in Fortune magazine that stated “If the economy is continuing to recover, most Americans have missed the memo.”
The real estate industry is adapting to fundamental changes. It’s a painful, ongoing, adaptation.
Those truths always held to be immutable have melted away. Markets and positions always considered unassailable are not only vulnerable but have fallen to forces that have no appreciation for history or tradition or conventional ways of doing things.
Commercial real estate transactions have been moving along quite well in the last few years and a large percentage of those have been 1031 exchanges. As the largest Intermediary in the country, investment owners and advisors depend on IPX1031 to help them realize the benefits of a §1031 tax deferred exchange...here are 5 reasons to exchange:
Now it's time to retire...take care of your medical issues, spend time with family, and enjoy some well deserved vacations.
