“After 8 months of sweating over President Biden’s tax proposals, commercial real estate investors are finally getting a clearer and less bleak picture of what might actually be signed into law. This past week, House Democrats revealed a tax plan that would increase long-term capital gains from 20% to a top rate of 28.8%, much less than the President’s original top rate of 39.6%. The Democrats plan also excludes the President’s intention to eliminate the step-up basis on inherited real estate. While the Democrats’ plan is not a done deal, it’s a far less worrisome sign of things to come.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

House Democrats’ Plan Drops Repeal Of A Tax Provision For Inheritances
CNBC – September 13, 2021
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House Tax Plans Lessen Pain For CRE Investors
GlobeSt. – September 16, 2021
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Industrial Real Estate Is Booming, With No End In Sight
Commercial Property Executive – September 3, 2021
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Amazon To Add 125,000 Transport, Fulfillment Staff At Average $18-Hour
The Street – September 14, 2021
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PGIM Real Estate Hits $1.3B Core-Plus, High-Yield Lending In 2021
GlobeSt. – September 9, 2021
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R E G I O N A L   N E W S

Total Office Solutions Inks 329K SF HQ Lease
Connect Texas – September 8, 2021
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CT Realty Lands Tenant For Dallas-Area Logistics Project
Commercial Property Executive – September 8, 2021
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Signode Consolidates Local Facilities At Prologis-Owned Park
Connect Chicago & Midwest – September 7, 2021
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Denver Claims Largest Transaction In 2021’s Mid-Year Industrial Report
Commercial Search – September 9, 2021
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1M SQ. FT. Industrial Park Breaks Ground In Northeast Denver
Mile High CRE – September 14, 2021
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