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The Regulatory Rat's Nest

The first of many changes in regulations and standards that would impact the commercial real estate community-new accounting methodologies for leases-was…

By Erika Morphy - Washington, DC Correspondent for GlobeSt.com. | Updated on May 01, 2011

The first of many changes in regulations and standards that would impact the commercial real estate community-new accounting methodologies for leases-was set to take another step toward closure in April. Then the crafters, in this case the International Accounting Standards Board and the Financial Accounting Standards Board, decided they needed more time. The deadline, it turned out, was more of a soft stop than a hard one. But rest assured, they said in a statement, changes would be coming.

That has been the story line from regulators, whether they are across the ocean or on Capitol Hill: significant change is coming in the form of new regulations and laws. We just need more time to nail down the details. For the real estate industry this, simply put, is a roadmap to hell. There are two things the industry hates: uncertainty and new regulations. Today we have both, in spades.

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