Commercial Real Estate Quarterly Hot Topics

Commercial Real Estate Quarterly Hot Topics

The CBIZ Commercial Real Estate Quarterly Hot Topics newsletter keeps you up-to-date with the trends and regulatory developments that affect the real estate sector.

As New York City works toward recovery from a pandemic that’s unlike anything we’ve seen in our lifetime, a few words continue to resonate — Resilience. Reinvention. Recalibration. Rebound

The Biden Administration outlined a new tax plan in theTreasury Department’s Green Book.

With extreme weather predicted to increase in frequency, learn why you might need flood insurance and what it covers.
For the first time in a while, the end of the calendar year occurred without a surge of new tax legislation. Starting 2022 at status quo doesn’t necessarily make tax planning easier for the year ahead.

The COVID pandemic impacted nearly every facet of the business world, especially the physical office work environment. While countless challenges and uncertainties have evolved since the onset, one element that continues to become clearer and grow stronger is the value of the in-person workplace. 
The long-awaited deadline has finally arrived for private companies to adopt the new lease accounting standard, ASC 842, which changes how organizations account for leases. 
A comprehensive risk approach can both control theever-increasing cost of commercial property insurance and help your enterpriseprepare for business continuity in an environment that continues to present newsources and severity of disruption. Every industry sector and business facesunique challenges. These are the top threats facing commercial real estatetoday.
Consider a scenario where a family business ownergrapples with how to equalize inheritances for his four children when two areactive in the business while two have careers separate from the familybusiness. Three options are discussed in this first in a series of articles onsuccession and exit planning for closely-held businesses and SMEs.
The commercial real estate market is heating up again but maintaining this momentum will not be an easy feat. Trending threats are many – hybrid workforces reducing office space requirements, expanded online shopping translating to big-box store and shopping mall declines, skilled workers shortage and delays in the global supply chain. It’s vital to be on top of your game when those potential pitfalls drop. The challenge is twofold - prepare for unforeseen and be ready for new opportunities.

The pandemic may have changed consideration of whether healthcare providers use medical office timeshares.

In case you missed it, here is a selection of Commercial Real Estate sector news items and discussions from trusted sources.

The Employee Retention Tax Credit (ERTC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but limitations on its availability tempered interest in the relief measure.

Analysis of the tax changes outlined in the Treasury Department’s Green Book provide more insight into the Biden Administration’s plan to finance infrastructure reform.

Insurers are utilizing more stringent underwriting guidelines and becoming more selective about the type of accounts they are willing to insure. Developing a plan to ensure the quality of the data used for your submission has a direct correlation to your total cost of risk.
The COVID-19 pandemic has had a severe impact on local jurisdiction budgets that support community services like the operation of schools, police and local health departments. Taxing jurisdictions will be looking for ways to make up the lost revenue in 2021, and property taxes are the most convenient place to look. 

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