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After another wild year, we look back on it realizing that we still have a lot to be grateful for. First and foremost, we thank you for the confidence you’ve shown in us to assist you with your commercial real estate needs. Thanks to you, our team has enjoyed another successful year, one that exceeded even our own expectations. So, as we head into this holiday season, we hope that 2021 ends on a high note for you, your family and friends.
Lack of supply continues to drive industrial real estate prices higher much as the bottlenecks in the supply chain are inflating the price of goods and commodities around the world.
Since the November 2020 national election, we have been writing about its potential impact on the commercial real estate market because the new President ran for office on a platform of changes to the current tax code that had potentially serious consequences to the commercial real estate market. With that in mind, we strongly recommended that all existing and potential real estate investors revisit their portfolio strategies to determine if changes should be made to protect their interests.
The legislative sausage-making factory has been running 24/7 for weeks now, and it looks like we are finally getting close to the end of the line in terms of the Build Back Better Act and the so-called Bipartisan Infrastructure bill.
Since the new administration took the reins back in January, we have closely followed what was originally dubbed the American Families Plan, a massive social spending proposal that included several potential tax hikes that would impact commercial real estate markets across the country.