CRE Execs Weigh In On Biden, Business And The Heavy Lift Ahead
As President-elect Joe Biden began to outline his agenda for his first day in the Oval Office over the weekend, the notoriously optimistic commercial real estate industry remained true to form, saying the election couldn’t have gone better last week.
“This is perhaps the best outcome, not only for the financial markets but for CRE,” Colliers International National Director of Research Steig Seaward said.
Biden, whose election hasn’t yet been certified, has proposed a host of policy changes that would directly affect commercial real estate, from eliminating 1031 exchanges to reforming opportunity zones to changing the real estate probate tax. Many are seen as unfriendly — or at least burdensome…
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