Florida is the only state in the nation to charge sales tax on commercial leases, which it has been doing since 1969. The rate was 5.7%, but in the annual legislative session that ended this month, lawmakers agreed to roll it back to 5.5% starting in January. It will be the third fraction-of-a-percentage-point rollback in […]
The American economy is showing signs of cooling, and Wall Street is counting on Jerome H. Powell, the chairman of the Federal Reserve, to come to the rescue. The big question facing the Fed is when, not whether, to act, as far as investors are concerned. But the Fed faces a tricky balancing act as […]
A U.S. economy run that appears headed for the nation’s longest expansion in history has been good for office landlords. Nationally, average office rents in cities with at least 1 million in population have continued to rise although at a slower pace now than several years ago. That rate is now at 2.1% over the […]
Chances are you have heard about Opportunity Zones (OZones) by now. They were created by the Tax Cuts and Jobs Act to spur investment in designated distressed communities by granting investors certain preferential tax treatment. Discussion has increased since the IRS proposed a second set of OZone regulations (the New Proposed Regulations) recently. These regulations […]
The technology that enables intelligent, well-informed buildings is more prevalent than ever before thanks to its increased reliability and usefulness; smart building technology is also more cost-effective than it has been in the past. Click here to read the article.