How U.S. Tax Reform Package Could Impact CRE
Click here for a report and charts from Cushman & Wakefield Research regarding the “World’s Fastest Tax Reform Package”.
Commercial real estate, overall, is a winner and largely exempt from the most significant adverse provisions, namely limitations on interest deduction and 1031x repeals.
“The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession.”
NonStore Sales Bounce Back in November
“An analysis of new retail sales data suggests e-commerce sales grew 16.1% in November, which is an acceleration from the rocky start to the crucial fourth quarter. Total retail sales were also strong in the key holiday shopping month.”
Target Will Buy Shipt for $550 Million to Speed Same-day Delivery
“Target Corp. agreed to purchase grocery-delivery startup Shipt Inc. for $550 million, stepping up its challenge to Amazon.com Inc. by speeding the rollout of same-day shipping.”
“The executive directors of Los Angeles and Long Beach are looking to technology and data sharing to unleash the latent physical capacity, cargo-handling productivity, and environmental potential of the largest US port complex..”
“Arbitrations are down 55 percent year over year and work stoppages plunged 82
percent — a clear sign that the International Longshore and Warehouse Union (ILWU) wants cargo to return to the West Coast, the head of the employers’ organization said Tuesday..”
“As a key UPS executive underscores, in the decade ahead technology will drive operations improvement but so will knowledge of customers’ needs.”
“An increase in residential and multifamily permits will drive job growth in the construction industry in Orange County in 2018, local economists said.”
OTHER NEWS / STATS / DEALS
Industrial Research DirectorLos Angeles Basin
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