Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Opportunity zones were created as a result of the Tax Cuts and Jobs Act of 2017, as a way to encourage real estate development and corporate presence in low-income communities. By using this program, investors are able to defer an unlimited amount of tax, as well as receive additional tax benefits and exclusions, assuming that certain requirements are met on gains reinvested into a Qualified Opportunity Fund, otherwise known as a QOF.
It’s hard to turn on the television or scroll through your newsfeed today without hearing or reading something about COVID-19. COVID-19 is a respiratory disease that is caused by the SARS-CoV-2 virus. The recent COVID-19 outbreak and its massive spread throughout the world have affected nearly all aspects of our daily lives, including travel, tourism, trade, food supplies, financial markets, and the workplace.
On any given day, you see cars stopping across the street from 1717 Second Street in downtown Sarasota, Florida – people admiring new twin, 20-foot murals. The murals adorn the white stucco walls of the multi-tenant office building. Throughout the day, people take selfies with the vibrantly colored pop art honoring medical workers.
As many states begin setting schedules for lifting their COVID-19 related shelter in place orders, businesses across the United States are beginning to think about what that means for the business. Make no mistake about it: experts predict that the world will never be the same again after this pandemic. In many of the same ways that 9/11 shaped the ways in which the world travels, this pandemic will shape the ways in which we work.
If your organization is like most others, you have multiple team members spread out in different locations, or even just working remotely from home or another location. Whatever the case, these remote team members usually interact with your in-office employees, making it crucial to have systems in place that can allow for this communication.
If you’ve been paying attention to the news or social media, it seems hard to escape news about the spread of Coronavirus Disease 2019 (COVID-19). Since COVID-19 is a respiratory virus, spread largely by people coming into close contact with one another (within 6 feet), apartment buildings and multifamily dwellings are at higher risk, with an increased risk of an infected tenant unintentionally spreading the virus to neighbors and other residents. This phenomenon is known as community spread.
Read the original article on GlobeSt.com.
2020 marks the start of a new year and, perhaps more excitingly, a new decade. And while economic and real estate cycles do not revolve around the calendar year – aside from any actions resulting from changes in calendar year tax policy – it is still a great time to reflect on what real estate decisions were successful and which may require rethinking in the year(s) ahead.
Commercial real estate is one of the world’s most influential businesses. Since CRE gives physical shape to the industries around us, it has the power to change up the game on a global scale.
As any commercial real estate professional will tell you, the industry has been witness to a number of changes, being subject to the impacts of the economy, industry trends, market challenges, and more. When looking at commercial real estate, it is crucial to focus not only on generational activity, but also lifestyle trends.