TAG Industrial Market Watch: January 12, 2019

“The partial government shutdown has caused the IRS to cancel their Jan. 10 scheduled hearing on QOZ (Qualified Opportunity Zones) that were originally announced in October 2018. Investors have expressed need for clarification on specifics and regulation since the announcement, but will now have to hold off until the hearing is rescheduled upon government reopening.

The shutdown also muddies the water for landlords of government-leased space. Experts say January rents should not be an issue, but if the shutdown continues through February there is uncertainty in regards to payment. The General Service Administration Public Building Service building fund is presumed to have sufficient funds for these situations. Even still, the GSA has been halting operations in those buildings and furloughing employees.”

Adam Abushagur

Vice President Invesments

Managing Director- TAG Industrial

 

Industrial News

E-Commerce Logistics Impact Industrial Property Loans
REBusinessOnline-January 8, 2019
Reverse Logistics Driving Demand For U.S. Warehouse Space
BisNow-January 7, 2019
7 Property Management Technology Trends to Look out for This Year
Propmodo-January 2, 2019

Regional News

New residential community planned for vacant hospital campus in Dallas
Dallas Business Journal – January 09, 2019
Dallas Lines Up Developers To Help Create Affordable Housing, But It Will Still Be A Tough Slog
Bisnow – Dallas-Fort Worth – January 10, 2019
As Dallas-Fort Worth home market cools off, here’s where it stands to start 2019
The Dallas Morning News – Business – January 08, 2019

National News

Powell says Fed is ‘watching and waiting’ on interest rates
MarketWatch – January 10, 2019
Read more
High level of new construction will continue to strain apartment demand in 2019
National Real Estate Investor – January 08, 2019
Read more
Eddie Lampert sweetens bid for Sears
Chain Store Age – January 10, 2019
Read more
2019-01-12T00:11:51+00:00

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