The importance of sustainability in commercial real estate as a growth engine is now recognized by market participants both on the equity and on the debt side.
Prop 13 limited local property taxes to 1 percent of purchase price (or of the assessed value in 1975) and capped subsequent increases at 2 percent a year.
There was a boost in retail spending in June, the Wall Street Journal reports. A protectionism culture could curb real estate investment by sovereign wealth funds, according to South China Morning Post. These are among today’s must reads from around the commercial real estate industry.
