After a week of uncertainty, enough votes have been counted in California to confirm that the contentious Prop 15 measure that would have instituted a split roll property tax system was defeated. Deutsche Bank has suggested a five percent tax on people that work from home to subsidize those who cannot, reports BBC. These are among today’s must reads from around the commercial real estate industry.
“We’re seeing a tremendous volume of opportunities in the real estate secondaries space,” said Chris Reilly, the Brookfield managing partner leading the effort.
Real estate company stocks were among those that benefitted from the market rally on Monday, reports the Wall Street Journal. The U.S. Chamber of Commerce is holding out hope for a Biden-led infrastructure bill, according to the Associated Press. These are among today’s must reads from around the commercial real estate industry.
After several days of arduous vote counting, former Vice President Joe Biden emerged as the winner of the 2020 election and even though the fate of the Senate has not been decided, Republican control remains likely. Reactions from the commercial real estate and financial sectors have begun to pour in. These are among today’s must reads from around the commercial real estate industry.
Real Estate Executive Council CEO Ken McIntyre spoke with CPE about how REEC and other organizations are helping increase diversity and inclusion within the commercial real estate industry. Hawaii’s reopening of its tourist industry provides potential lessons for other states, according to the New York Times. These are among today’s must reads from around the commercial real estate industry.
Airbnb plans to proceed with its IPO registration next week, reports Reuters. The New York State Common Retirement Fund is betting on alternative investments, including real estate, according to Chief Investment Officer. These are among today’s must reads from around the commercial real estate industry.
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