After years of counting their pennies, REITs are once again major bidders for apartment assets. With their stock prices on the upswing, multifamily REITs are using the extra money to expand their portfolios.
Section 199A, part of the 2017 Tax Cuts and Jobs Act (the “Tax Act”), permits owners of non-corporate businesses to deduct up to 20 percent of the owner’s share of income from the business. Like many of the tax law changes included in the Tax Act, section 199A is a temporary provision, due to expire after 2025.
New York is becoming more of a global technology hub, as industry giants tap into the workforce of a region long known as a banking and media stronghold.
Even as he faces impeachment over Ukraine, federal lawsuits claiming that President Donald Trump has unconstitutionally enriched himself continue to dog him. Now two of the suits have reached a crucial juncture.
Business economists don’t anticipate a recession next year, reports the Associated Press. Only five cities account for most of the growth in technology jobs in the U.S., according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
