A look back at all things Zehner Davenport Group in 2017: from our transaction successes to our most popular blog posts.
Wow, what a year 2017 was.
Full of surprises, twists and turns, the year started with a nation shocked by, arguably, the most unexpected Presidential election result in our nation’s history.
Love him or hate him, our new Commander in Chief has turned Washington upside down, with some very interesting results.
A nation already polarized in its politics, the left and right were even further adrift as the year ended, but 2017 also came to a close with the President’s signature on the biggest overhaul of the US Tax Code since 1986.
Corporate tax rates were slashed, pass-through entities received a major cut and generous new expensing rules for capital expenditures are now the law of the land. Details are still thin, but it looks like American businesses will be more competitive abroad and have more cash here at home to grow and prosper.
The authors of the law are banking on stronger GDP growth, more hiring, new investment in plant and equipment and higher wages across the board. It’s a big gamble at any time, but with the midterm election coming soon, it’s a very big bet indeed.
The new law was particularly friendly to the commercial real estate business.
Tax-deferred exchange rules for real property were left untouched, depreciation schedules got just a slight tweak and the expensing of tenant improvements was accelerated, which should benefit landlords and their tenants going forward.
Expensing of almost all other capital expenditures has become immediate, though that new rule sunsets in five years. Interest on commercial property loans will still be deductible, as well as the full cost of property taxes as an operating expense.
Add the fact that mortgage rates have not spiked, despite multiple Fed rate hikes and it looks like the commercial property sector should get another nice boost in 2018.
We are particularly pleased with our own progress, as well.
In 2017, we enhanced our efforts to keep you informed regarding economic factors that drive decision making that go beyond the metrics of the commercial real estate market.
Through our comprehensive digital communications platform, we remain firm in our commitment to make sure you have what you need to plan for your growth and maximize profitability.
Your 2017: The Posts You Liked This Year
Here’s our top five blog posts of the year, ranked by traffic. Thanks for visiting the blog in 2017!
An overview of how a shifting economy and inclining interest rates will impact commercial real estate in 2017.
The bill has been signed into law – what that means for the commercial real estate industry, and what changes to expect in the immediate future.
The resources and indexes we use to keep tabs on the economy when our news feeds are flooded with distractions and controversies.
A look at how to approach selling a highly appreciated asset, the taxes involved there-within, and the impact of current market conditions.
A critical look at the variety of difficulties functional obsolescence in industrial buildings can create for their owners.
With over 30 years of experience, more than 4,000 completed transactions to our credit and an industry-leading suite of tools and resources, we are confident in our ability to deliver superior results.
In 2017, we were again recognized as Voit Real Estate Services’ highest producing industrial brokerage team, and major media outlets including the Los Angeles Times, the Orange County Register and the OC Business Journal continue to count on us as market experts.
The entire Zehner Davenport Industrial Group remains grateful to all those we have served, and if we have not yet had that opportunity, we look forward to earning it soon.
Give us a call. We are here to help.
Mitch Zehner and Seth Davenport
P.S. – Wondering what’s next? Here’s our look ahead at 2018.