Search
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
New York CityNEW YORK CITY—The Cushman & Wakefield March 2018 “Tax Reform in High SALT States” report focuses on effects of the Tax Cuts and Jobs Act in New York and California. Political leaders from states with high state and local taxes have expressed deep concerns. However, the report concludes the reform overall will reduce taxes even in those states. States with already low taxes such as Florida and Texas will get even more of a tax break.
“Our research is clear: the overall economies and commercial real estate outlooks of both high- and low-tax states and regions will benefit from tax reform,” says David Bitner, head of capital markets research, Cushman & Wakefield. “And while the legislation will likely have little impact on the vast majority of housing markets, we know that the impact on higher-income, higher-tax markets—like most of the major metro areas in California and in the region surrounding New York City—could be significant.”
*May exclude premium content
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
At CBRE, new EVP Doug Main (pictured left) will lead the national practice of waste management, environmental, mines, alternative energy, and complex matters for VAS.
A roundup of the latest leases, sales and other transactions in the Northeast middle markets.
As the region increasingly grows, particularly in the finance industry, employment hubs become more of a focus as a way to integrate functions for efficiencies, better customer service and cost management.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations
Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
