The probability of a CRE finance disruption in the next six to 18 months is as elevated as it was prior to 2007-2008, writes CCIM Institute's chief economist.
“By year-end 2018, Chicago hotels are forecast to see a RevPAR increase of 4.1%," says Mark Eble, managing director and Chicago practice leader for CBRE Hotels Advisory.
"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.
The new real property transfer tax called “NYC for All,” if enacted, would treat all residential transactions equally, regardless of how a home is purchased, by implementing a single progressive real property transfer tax that rises as the price of the property rises.