“After failing to cap 1031-Exchanges and eliminate the step-up basis, the Biden Administration is back to targeting commercial real estate. This time, the President is focusing on curbing money laundering and tax invasion by cracking down on shell companies used to purchase commercial properties. The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury, has been charged with the task of uncovering true owners of new acquisitions, especially transactions involving all-cash. While it is unclear what new regulations will be instituted, compliance will certainly further complicate the transaction process. So even the savviest of landlords may need to leverage the training of a well-informed commercial broker. ” – Adam Abushagur

 

I N D U S T R I A L   N E W S

Biden Administration Plans New Rule to Crack Down on CRE Shell Companies
Globe St. – December 7, 2021
Read More

Biden Rolls Out New Anti-Corruption Strategy With Focus On Anonymous Real Estate Transactions
Bisnow – December 6, 2021
Read More

Two Foreign Institutional Investors Target US Industrial Assets
Globe St. – December 2, 2021
Read More

Industrial Conversions Pose New Use For Obsolete Office Properties
Globe St. – December 6, 2021
Read More

Industrial Tenants Face Huge Rent Hikes In Renewing Expiring Five-Year, 10-Year Leases
Bisnow – December 6, 2021
Read More

R E G I O N A L   N E W S

Two-Building Industrial Project Breaks Ground In McKinney
Bisnow – December 1, 2021
Read More

2021 By the Numbers: Here are the Chicago area’s biggest industrial leases and construction completions of the year
REJournals – November 30, 2021
Read More

Silver Point JV Plans Denver-Area Warehouse Project
Commercial Property Executive – December 6, 2021
Read More

iBio Expects Significant Demand for Centrally Located Facility
Connect Texas – December 7, 2021
Read More