TAG Industrial Watch: May 22, 2021

“As inflation and possible tax hikes continue to dominate headlines, the real estate industry is gearing up to face these new challenges. Despite the recent pull back from all-time highs, lumber prices are still up 275% year-over-year (CNBC) and have significantly increased the cost of construction. While America’s 9% tariffs on Canadian lumber imports are not to blame for the recent surge in prices, the real estate industry is calling on the White House to temporarily eliminate the tariff to help alleviate the shortage of lumber. A similar approach is being taken to combat the President’s tax proposals by organizing the Section 1031 Like-Kind Exchange Coalition. The Coalition of 30 real estate associations will educate legislators about the benefits of the current tax policies and the unintended consequences of the proposed changes. While commercial real estate may be faced with new challenges this year, the industry is well prepared to navigate them.” -Adam Abushagur

I N D U S T R I A L   N E W S

The CRE Industry is Battling Back Against Proposed Tax Reforms
Wealth Management – May 17, 2021
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U.S. Trade Chief Pressured to Lift Duties on Canadian Lumber
Reuters – May 16, 2021
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Inflation Concerns are Leading Investors to CRE
Globe St. – May 18, 2021
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Where the Priciest US Warehouse Markets Are
Globe St. – May 20, 2021
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Industrial Real Estate Pros Are The New ‘Cool Kids’ And See Booming Job Market
Bisnow – May 17, 2021
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R E G I O N A L   N E W S

First Cold-Storage Industrial Spec Building Hits the Kansas City Market
RE Journals – May 18, 2021
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Brennan Acquires Two In-Fill Industrial Buildings in Denver
PR Newswire – May 19, 2021
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Packaging Company Renews, Expands Lease in Alsip
RE journals – May 18, 2021
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Greystar Closes on Remaining 55% Interest in Thackeray Partners
Greystar – May 17, 2021
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DRA Nabs 210K SF Distribution Center Near Texas-Mexico Border
Connect Texas – May 18, 2021
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