MBA Behind 1031 Exchanges in Tax Reform

RESPA News, Oct. 16, 2017The Mortgage Bankers Association signaled its support for work being done on comprehensive tax reform, writing to key lawmakers that this was a “once in a generation opportunity” to overhaul the tax code.

Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy

Bloomberg, Oct. 16, 2017–David Kocieniewski, Caleb MelbyAn ambitious plan by Jared Kushner’s family to recast its indebted Fifth Avenue office building as a luxury architectural trophy is collapsing, setting off a chain of events that may imperil the Kushners’ ownership of a property central to their real estate empire.

The State of the Debt Market for Commercial Real Estate

Real Estate Weekly, Oct. 5, 2017–Steven Kohn2017 continues to be a great year to be a borrower, Cushman & Wakefield Vice Chairman Steven Kohn said. “Financing is readily available at virtually all leverage levels at attractive pricing.”

Manhattan Office Leasing Jumps on Financial-Sector Hiring

Wall Street Journal, Oct. 8, 2017–Keiko Morris (subscription)Manhattan office leasing kicked into high gear in the third quarter as financial services jobs surpassed prerecession levels in August, but new construction kept rental increases low, according to new statistics released by real estate services firm JLL.